109 Bluebonnet Drive
About This Property
This inviting 3-bedroom, 2-bath home offers 1,424 square feet of comfortable living space just a short walk from Lake Whitney. Inside, you'll find beautiful natural wood floors in the main living areas, adding warmth and character, while other rooms feature practical finishes throughout.
The oversized garage is a standout feature-perfect for storing boats, gear, or transforming into a workshop. Located just 5 minutes from the town of Whitney, boat ramps, and federal parks, this home is a gateway to fishing, camping, and lakeside living. Plus, you're only an hour from both DFW and Waco, making weekend getaways or commutes a breeze.
The seller, a contractor, is offering flexibility: choose from select upgrades or take $5,000 in concessions to make this home truly yours.
Whether you're looking for a peaceful retreat, a weekend escape, or a smart investment, this property delivers location, potential, and lifestyle in one inviting package.
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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 |
|---|---|---|---|
| May 12, 2026 | Sold | ||
| Sold | |||
| Apr 6, 2026 | In contract | - | |
| In contract | |||
| Apr 3, 2026 | Relisted | $189,000 | |
| Relisted | |||
| Mar 27, 2026 | In contract | - | |
| In contract | |||
| Nov 18, 2025 | Listed by Weichert, Realtors - The Eastland Group | $189,000 | |
| Listed by Weichert, Realtors - The Eastland Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017