$1,775,000
●
House -
Off Market
1061 Paradise Point
Possum Kingdom Lake, TX 76449
5 Beds
6 Baths,
2
Half Baths
7,805 Ft²
$2,372,934
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
A spectacular waterfront home in the exclusive Ranch subdivision
with breathtaking, panoramic lake views and a short walk to the
water. Rare location on the lake provides beautiful sunshine in the
mornings and shaded afternoons & evenings on the large patios &
balcony while taking in gorgeous views of the sunlit cliffs.
Nighttime provides more special views with the lights of the dam
softly illuminating the water and shoreline. High-quality and
unique, custom finishes throughout with many specialty rooms and
areas on the whole property offer space and privacy; truly a
special getaway. Make sure to watch the video and The Ranch
website for the $1,000,000 swimming hole, skeet range and other
unique amenities.
Unit Size
7,805 Ft²
Days on Market
-
Land Size
1.54 acres
Price per sqft
$256
Property Type
House
Property Taxes
-
HOA Dues
$446
Year Built
2006
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (NTREIS #13769711)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 13, 2021 | Sold | ||
| Sold | |||
| Oct 5, 2018 | No longer available | - | |
| No longer available | |||
| Aug 25, 2018 | Listed | $2,495,000 | |
| Listed | |||
| | |||
|
A spectacular waterfront home in the exclusive Ranch subdivision with breathtaking, panoramic lake views and a short walk to the water. Rare location on the lake provides beautiful sunshine in the mornings and shaded afternoons & evenings on the large patios & balcony while taking in gorgeous views of the sunlit cliffs. Nighttime provides more special views with the lights of the dam softly illuminating the water and shoreline. High-quality and unique, custom finishes throughout with many specialty rooms and areas on the whole property offer space and privacy; truly a special getaway. Make sure to watch the video and also see TheRanchonPK.com for the $1,000,000 swimming hole, skeet range and other amenities. The manager has listed the unit size as 7805 square feet.
| |||
| Feb 6, 2018 | Listed by Williams Trew Real Estate | $1,995,000 | |
| Listed by Williams Trew Real Estate | |||
| | |||
|
A spectacular waterfront home in the exclusive Ranch subdivision with breathtaking, panoramic lake views and a short walk to the water. Rare location on the lake provides beautiful sunshine in the mornings and shaded afternoons & evenings on the large patios & balcony while taking in gorgeous views of the sunlit cliffs. Nighttime provides more special views with the lights of the dam softly illuminating the water and shoreline. High-quality and unique, custom finishes throughout with many specialty rooms and areas on the whole property offer space and privacy; truly a special getaway. Make sure to watch the video and The Ranch website for the $1,000,000 swimming hole, skeet range and other unique amenities.
| |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Palo Pinto
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Listed by: Kathy Lanpher, Williams Trew Real Estate
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 13769711
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 13769711
Details provided by NTREIS and may not match the public record
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