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Map
1000 Palomino Trail
About This Property
Whether your planning to build your dram home or invest in a premier piece of Texas lakefront land, this property provides the perfect blend of natural beauty, privacy, and upscale community living.
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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 |
|---|---|---|---|
| Feb 4, 2026 | Relisted | $825,000 | |
| Relisted | |||
| Dec 20, 2025 | In contract | - | |
| In contract | |||
| May 15, 2025 | Listed by Century 21 Mike Bowman, Inc. | $825,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
| Apr 25, 2022 | Sold | ||
| Sold | |||
| Feb 15, 2022 | Listed by Century 21 Mike Bowman, Inc. | $495,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
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Stunning cliff line lot within amenity rich Ranch community. This gorgeous lot sits a top some of Possum Kingdom's most iconic cliff lines. Build your dream home on this spacious lot and enjoy the views of the main channel of PK Lake. Imagine an infinity pool behind your home overlooking the lake! Owners within the Ranch have access to 1000 acres of common area for those ATV-UTV explorations, skeet shooting range, resort swimming pool, sports complex, horse facilities, and more!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017