1260 EQUINE PATH
About This Property
Although it entices with the promise of a future dream residence, this LAKEFRONT SANCTUARY, lovingly named, "GENTLE BREEZE," is already equipped with everything needed for immediate enjoyment.
The CLEARED PARCEL is COMPLETELY FENCED with CROSS FENCING separating the property into THREE HIGH and DRY (Flood Zone X) sections, along with a dedicated fourth section embracing the LAKEFRONT (Flood Zone A). This serene stretch borders LAKE GIDDINGS-celebrated for its exceptional fishing.
A 12'x12' HORSE STALL, complete with dual gates leading to separate pastures, is paired with an attached 6'x12' TACK ROOM, ensuring both convenience and functionality.
Two additional outbuildings complement the property's versatility: a charming ICONIC RED BARN with a LOFT offers secure storage, while a smaller TIN SHED provides covered parking for the 42" riding mower and essential tools.
The property has already been developed for practical use, featuring a 4-INCH DEEP WELL (protected from the elements within the confines of the tin shed) that supplies POTABLE WATER via PVC lines extending to the rear grounds, with convenient access provided by three strategically placed spigots. It is also equipped with ELECTRICAL ACCESS, reliable 60-amp service to meet current needs with the hope of extended service for future improvements.
For weekend accommodations, a 2020 Crossroads Sunset Travel Trailer has been connected to both the water and electrical supplies, offering a TURNKEY RETREAT until a future home is constructed. This upgraded, ONE-BEDROOM/ONE-BATH model is the perfect place in which to retire, and even boasts an OUTDOOR KITCHEN for evenings spent lingering under the open sky.
This ideal setting makes the dreams of tomorrow possible while still enjoying the promise of today!
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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 |
|---|---|---|---|
| Nov 24, 2025 | Sold | ||
| Sold | |||
| Oct 30, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Price Decreased |
$175,000
↓ $25K
(12.5%) | |
| Price Decreased | |||
| Aug 29, 2025 | Listed by ADAMS, CAMERON & CO., REALTORS | $200,000 | |
| Listed by ADAMS, CAMERON & CO., REALTORS | |||
| Jun 12, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017