1002 Highland Drive
About This Property
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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 29, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Aug 8, 2025 | Price Decreased |
$295,000
↓ $20K
(6.4%) | |
| Price Decreased | |||
| May 15, 2025 | Listed by Possum Kingdom Real Estate | $315,000 | |
| Listed by Possum Kingdom Real Estate | |||
| | |||
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Perched on a stunning hilltop within the prestigious Ranch community, this rare 1-acre lot at 1002 Highland Drive offers breathtaking 270° panoramic views of Possum Kingdom Lake's sparkling blue waters and the surrounding rolling hills. Enjoy unmatched access to world-class amenities, including an equestrian center, a resort-style infinity pool, courtesy boat slips, a sports complex, skeet shooting range, heliport, and 1,100 acres of scenic ranchland with trails for ATVs and horseback riding. This is more than just a homesite—it’s a lifestyle. A water meter is already installed, a new survey is available, and there’s deeded secondary access to the rear of the property from Highland Drive.
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| Sep 24, 2024 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017