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11068 Prairie Lakes Lane
About This Property
This exceptional four-bedroom, three-bath home offers the perfect blend of comfortable living, modern updates, and incredible outdoor amenities. Situated on 1.6 acres, the property features a desirable split-bedroom floor plan, hardwood floors, a wood-burning fireplace, and versatile flex space ideal for a game room, second living area, or home office.
The kitchen, remodeled in 2019, showcases granite countertops, stainless steel appliances, and stylish finishes. Additional recessed lighting in the kitchen and living room creates a bright, inviting atmosphere.
Step outside to your own private retreat featuring a gorgeous swimming pool, outdoor kitchen, fire pit, and expanded concrete decking for additional seating and entertaining. Recent improvements include a new pool motor, outdoor TV, additional exterior lighting, a new side fence, and a drainage trench to help direct water toward the back of the property.
The 24x40 workshop with electricity and a 12x24 awning provides excellent space for hobbies, projects, storage, or equipment. The owners have invested approximately $25,000 in improvements over the past three years. The roof, HVAC system, and water heater have also been replaced within the last eight years.
An added bonus: The owners are willing to leave select items with the property, including the outdoor TV, a refrigerator approximately three years old, and a washer and dryer less than six months old, subject to mutually agreed terms.
Conveniently located approximately 20 miles east of Dallas with easy access to Highway 80, shopping, restaurants, and schools, this property offers the space, versatility, and outdoor lifestyle you've been looking for. Don't miss this incredible opportunity to enjoy acreage living with exceptional amenities and thoughtful updates throughout!
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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 |
|---|---|---|---|
| Oct 8, 2026 | Listed by Pioneer DFW Realty, LLC | $529,990 | |
| Listed by Pioneer DFW Realty, LLC | |||
| Nov 22, 2023 | Sold | ||
| Sold | |||
| Sep 27, 2023 | Listed by McDonald Realty Team | $499,000 | |
| Listed by McDonald Realty Team | |||
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This one has it all.....POOL and OUTDOOR LIVING SPACE, WORKSHOP with ELECTRIC and OVER an ACRE of beautiful property. This four bedroom, 3 full bath home features a wonderful split floorpan with hardwood floors, a wood burning fireplace and an outdoor oasis, perfect for entertaining. The kitchen was remodeled in 2019 and comes equipped with granite countertops, stainless steel appliances and on trend design choices. The home includes a flex space that could easily be a game room, second living space or home office. The outdoor space is special. The property sits on 1.6 acres and consists of a 24x40 workshop with electric and a 12x24 awning, gorgeous pool, fire pit and outdoor kitchen. HVAC, water heater and roof were all replaced within the last five years. Conveniently located just 20 miles East of Dallas, with easy access to Hwy 80, shopping, restaurants and schools.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017