1000 Ballard Road
About This Property
Whether you're looking for a private family retreat, horse property, hobby farm, weekend getaway, or the perfect location to build your dream estate, this exceptional property offers endless possibilities. The agricultural exemption adds value, while the mature pecan grove, scenic creek, and diverse wildlife provide a rare combination of beauty and functionality.
Tucked among the trees, the charming 3-bedroom, 2-bath home offers comfortable living today while preserving the flexibility to expand, renovate, or build your future vision. Enjoy peaceful mornings overlooking the countryside, explore the wooded acreage, or simply relax and take in the tranquility of this one-of-a-kind setting.
Located just minutes from the rapidly growing Van Alstyne corridor with convenient access to US-75, this property offers the perfect balance of peaceful country living and proximity to modern conveniences. Opportunities to own a property with this level of natural beauty, privacy, and versatility are becoming increasingly rare. Whether you're seeking a personal retreat, working property, or future legacy estate, this remarkable acreage is ready to bring your vision to life.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 5, 2026 | Price Decreased |
$1,170,000
↓ $29K
(2.4%) | |
| Price Decreased | |||
| May 27, 2026 | Price Decreased |
$1,199,000
↓ $51K
(4.1%) | |
| Price Decreased | |||
| Jan 30, 2026 | Price Decreased |
$1,250,000
↓ $25K
(2%) | |
| Price Decreased | |||
| May 22, 2025 | Listed by Coldwell Banker Realty Frisco | $1,275,000 | |
| Listed by Coldwell Banker Realty Frisco | |||
| Jan 9, 2025 | No longer available | - | |
| No longer available | |||
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About Grayson
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Currently no similar homes aroundNearby Rentals
$1,895 /mo
- 3 Beds
- 2 Baths
- 1,208 ft²
$2,200 /mo
- 4 Beds
- 2 Baths
- 1,815 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017