1006 Possum Trail
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 1, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 24, 2025 | Listed by Harrison Farm and Ranch LLC | $2,400,000 | |
| Listed by Harrison Farm and Ranch LLC | |||
| | |||
|
Welcome to Your Private Oasis at Gaines Bend on Possum Kingdom Lake
Nestled in the highly sought-after neighborhood of Gaines Bend, this stunning 5-bedroom, 3.5-bathroom, 2-story ranch-style home offers the perfect blend of luxury, comfort, and lakefront living. This home provides an ideal retreat for those seeking tranquility and adventure on Possum Kingdom Lake.
As you step inside, you're immediately greeted by an open and inviting floor plan that seamlessly integrates the living, dining, and kitchen areas. The living room features a beautiful stone fireplace and large windows that showcase breathtaking views of the lake. High-end finishes throughout the home enhance the luxurious feel, while the thoughtfully designed layout allows for easy flow and plenty of natural light.
Upstairs, you'll find a second living area, perfect for relaxation or entertaining guests. Step out onto the private balcony and take in panoramic views of the sparkling water below.
Outside, this property continues to impress with an expansive outdoor kitchen and covered patio, providing ample space for outdoor dining and entertaining. Whether you're hosting a summer barbecue or enjoying a quiet evening, the outdoor living spaces are designed to maximize your enjoyment of the lakefront setting.
A short stroll down to your private boat dock invites you to spend endless hours on the water, whether you're boating, fishing, or simply soaking in the serene surroundings. The home also features a spacious garage with plenty of room for storage, ensuring that all your needs are met.
With its unbeatable location, luxurious finishes, and unparalleled lake views, this home is a true gem at Possum Kingdom Lake. Don’t miss your opportunity to own this exquisite property and make it your own private sanctuary.
| |||
| Jun 11, 2024 | Sold | ||
| Sold | |||
| May 30, 2024 | In contract | - | |
| In contract | |||
| Mar 2, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017