1099 Highland Drive
About This Property
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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 |
|---|---|---|---|
| May 5, 2026 | No longer available | - | |
| No longer available | |||
| May 16, 2025 | Listed by Integrity Plus Realty LLC | $149,900 | |
| Listed by Integrity Plus Realty LLC | |||
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1.656 Acres of Unforgettable Views and Unmatched Luxury at The Ranch on Possum Kingdom Lake! Perched high on a scenic plateau, 1099 Highland Drive offers a rare opportunity to design and build the custom home of your dreams with breathtaking panoramic views of Possum Kingdom Lake and the lush valley below on a naturally level homesite, thoughtfully tucked among trees for ultimate privacy. Imagine evenings spent watching spectacular sunsets melt into a star filled sky this is your own piece of Texas heaven. This elevated homesite is one of the most sought-after locations in the prestigious gated community of The Ranch, where rustic charm meets refined luxury. As a property owner, you'll enjoy resort-style amenities including a million-dollar infinity pool and hot tubs with a waterfall edge overlooking the lake, a lakeside firepit and grilling stations perfect for entertaining, and a courtesy boat dock for easy access to The Cliffs and iconic Hell’s Gate. Outdoor enthusiasts will love the private equestrian center with stables, a riding arena, and miles of scenic trails, as well as tennis and sandpit volleyball courts, a skeet shooting range, and over 1,100 acres of common area to explore on horseback, ATV, or foot. You'll share this pristine land with deer, native wildlife, and vibrant wildflowers a true Texas luxury lifestyle that blends rugged natural beauty with elite comfort. Whether you're building a weekend retreat or your forever home, 1099 Highland Drive is more than just a homesite, it's an invitation to live the dream.
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| Jun 17, 2022 | Sold | ||
| Sold | |||
| Mar 3, 2022 | Listed by Century 21 Mike Bowman, Inc. | $120,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
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A gorgeous lot atop one of Palo Pinto Counties largest plateaus. Located in The Ranch, this lot offers soaring views over beautiful land and lake views. Bring your builder and build your dream home on this 1.6 acre lot! Owners within The Ranch have access to 1000 acres of common area for those ATV UTV explorations, skeet shooting range, resort swimming pool, sports complex, horse facilities and more!
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| Apr 16, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017