12880 E COUNTY ROAD 313
About This Property
The land features rolling terrain with elevations from 330 to 390' ASL, offering captivating views. A picturesque 2.6-ac pond in the western portion provides a tranquil setting for fishing or relaxing. Additional water features include a creek along the northeastern boundary and frontage on Wiggins Creek at the southern edge, further enhancing the property's charm.
This property boasts an exceptional stand of mature mixed hardwoods, including oak, hickory, and sweetgum, as well as approximately 50 ac of plantation pine reported to be around 30 years old. The timber has been meticulously maintained, with extensive mulching of undergrowth throughout the property.
The open areas of the property are primarily planted with improved grasses that are ideal for hay production or cattle grazing, providing an agricultural benefit to complement the recreational opportunities. Seasonal wildflowers and native vegetation, such as dogwoods and sassafras, add splashes of color and charm to the landscape. The property also has a 2.6 ac pond and a grass airstrip.
At the heart of the property is a beautifully designed cedar-sided home, built on a pier-and-beam foundation, offering approximately 1,720 sf of thoughtfully crafted living space. The home features two bedrooms and two full baths, making it a cozy yet functional retreat.
Adjacent to the centrally located 2,600-foot grass airstrip is a remarkable 50' x 60' insulated steel building, designed with versatility in mind. The property also includes a small barn located on the eastern edge, accessible from its own entrance off FM 343.
Don't miss the chance to own this rare gem – schedule your private tour today!
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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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| Jun 2, 2025 | In contract | - | |
| In contract | |||
| Jan 21, 2025 | Listed by Whitetail Properties Real Estate | $2,600,000 | |
| Listed by Whitetail Properties Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017