116 County Road 1559
About This Property
Turnkey vacation rental opportunity with Lake Fork access in the heart of East Texas. Positioned on a spacious lot in Alba, this property offers a rare blend of full-time living, weekend retreat potential, and income-producing flexibility. The home features inviting living spaces, updated finishes, and a distinctive rustic-modern character showcased through reclaimed wood accents, custom textures, vaulted ceilings, and expansive windows that bring in natural light and scenic views. The main living area centers around a dramatic fireplace wall, creating a warm focal point for gathering and relaxing. The kitchen offers generous cabinet storage, extensive counter space, an island workspace, and an open layout that supports easy hosting. Bedrooms are well-sized, and the bunk-style sleeping space adds flexibility for guests, group stays, or short-term rental use. A large game and recreation room expands the entertainment options with ample room for lounging, indoor activities, and memorable weekend getaways.
Outside, the setting captures the appeal of lake-area living with open green space, water views nearby, and easy access to fishing, boating, and recreation. Lake Fork is known for nationally recognized bass fishing, multiple public and private access points, marinas, boat ramps, camping, bait shops, and other lake services, making this location especially attractive for personal use or rental demand.
Nearby attractions add to the appeal, including Mineola Nature Preserve, downtown Mineola shopping, the Historic Select Theater, Iron Horse Square Park, and the Mineola Historical Museum. Dining and local stops around the Lake Fork area further support the vacation lifestyle, with area restaurants and visitor-oriented businesses serving lake traffic year-round.
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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 |
|---|---|---|---|
| Aug 6, 2026 | Price Decreased |
$290,000
↓ $10K
(3.3%) | |
| Price Decreased | |||
| Jun 6, 2026 | Relisted | $300,000 | |
| Relisted | |||
| Apr 27, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Listed by Keller Williams Realty | $300,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017