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Map
1020 Highland Drive
About This Property
Ownership includes access to an impressive collection of amenities, including a resort-style infinity pool (The Million-Dollar Swimming Hole) courtesy boat day slips, equestrian facilities, sports courts, skeet shooting range, private heliport for care flight and over 1,100 acres of ranchland featuring side by side and horseback riding trails. Build your lake home and enjoy a Large Ranch. A water meter is already in place, Electricity is underground. Build your dream lake retreat and experience the unmatched lifestyle The Ranch is known for.
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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 |
|---|---|---|---|
| Jun 15, 2026 | Listed by Possum Kingdom Real Estate | $299,000 | |
| Listed by Possum Kingdom Real Estate | |||
| Apr 12, 2020 | No longer available | - | |
| No longer available | |||
| Apr 12, 2019 | Listed | $300,000 | |
| Listed | |||
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When your up on Highland Dr. in The Ranch on Possum Kingdom Lake the world of PK is in Full View. Take in the expansive views from here as you sit in subliminal peace of The Palo Pinto Mountain Range. Full use of ALL The Ranch Amenities.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017