1040 Sherman Drive
About This Property
HORSE LOVERS' DREAM: Fully fenced paddocks with premium Centaur fencing, including a 24,000 SF primary paddock and secondary paddock, plus a 280 SF barn with tack room, hay room, runout shed and off grid solar. See included equipment in transaction desk.
MAIN HOME – INDUSTRIAL-MODERN LUXURY (2,405 SF): Vaulted ceilings, exposed ductwork, loft, engineered wood floors, custom cabinetry, built-ins, 4 bedrooms, 2.5 baths. Metal roof, EFIS exterior, prestressed slab foundation, grid-tiered solar panels, and smart blinds. Tankless water heater, whole-house fresh-air intake-exhaust, UV HVAC filtration, and structured wiring for media. Screened porch and 1,500 SF paver patio overlook your equestrian paradise.
GUEST HOUSE (1,085 SF): Renovated open-concept living with wood-burning Franklin stove, hardwood floors, updated HVAC and appliances, French doors to private deck, and stacked washer-dryer, ideal for guests or extended family.
Minutes from shopping, dining, and highways. Country luxury meets functional equestrian design in this extraordinary Cedar Hill retreat.
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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 |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Feb 27, 2026 | Listed by Compass RE Texas, LLC | $750,000 | |
| Listed by Compass RE Texas, LLC | |||
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About Wintergreen Acres
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017