1100 Sunset Ridge
About This Property
This perfectly wooded waterfront home site inside The Ranch on Possum Kingdom Lake is now available to those with a keen eye for perfection. Astounding panoramic sunset Mature trees including many live oaks. Nearly level for easy prep foundation. This amenity rich community has everything you desire: direct lake access at the community boat launch and courtesy boat slips, the million dollar swimming hole and clubhouse, tennis courts, sand volleyball court, trap range, equestrian center, and 1100 acres of common ground for recreation.
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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 |
|---|---|---|---|
| Apr 23, 2025 | Listed | $1,250,000 | |
| Listed | |||
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Rare opportunity! 1.485 acre waterfront lot in THE RANCH with expansive lake views. Many live oaks and other trees enhance the beauty of this level homesite. The magic of Possum Kingdom Lake engulfs this very special property and the opportunity to own one of this kind doesn't happen often. This development offers amenities unlike any other. A park-like setting on the water includes a $1,000,000 pool with multiple hot tubs and a clubhouse. Nearby is a boat launch, courtesy boat slips, tennis courts, sand volleyball, a baseball diamond, and a fitness center. For the horse lover, an equestrian center is available. Maintained trails offer scenic trail rides and ATV excursions. There's a peaceful meditation chapel and a skeet range overlooking the lake on one of the mountains that's part of 1100 acres of common area. At the top of the mountain sits a landmark lighted cross that is visible for miles. Rustic elegance best describes THE RANCH! If you are looking for your perfect property at Possum Kingdom Lake, this cliffside lot is extraordinary! Seller is willing to include the plans for a 5000 square foot luxury home that is architecturally designed to create a perfect vacation getaway or fulltime residence at 1120 Sunset Circle. Call to schedule your special showing of this property and personal tour of The Ranch on Possum Kingdom Lake!
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| Sep 7, 2021 | Sold | ||
| Sold | |||
| Nov 10, 2020 | Sold | ||
| Sold | |||
| Aug 7, 2020 | Listed by Possum Kingdom Real Estate | $450,000 | |
| Listed by Possum Kingdom Real Estate | |||
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First time available. Developer had kept as part of personal estate. Big water front with amazing views.
This perfectly wooded waterfront home site inside The Ranch on Possum Kingdom Lake is now available to those with a keen eye for perfection. Astounding panoramic sunset Mature trees including many live oaks. Nearly level for easy prep foundation. This amenity rich community has everything you desire: direct lake access at the community boat launch and courtesy boat slips, the million dollar swimming hole and clubhouse, tennis courts, sand volleyball court, trap range, equestrian center, and 1100 acres of common ground for recreation.
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| Mar 9, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017