1361 Larned Lane
About This Property
This one-of-a-kind property in the highly sought-after Potosi community and Wylie ISD truly must be seen in person to appreciate everything it has to offer! Situated on over 2.6 acres, this private retreat combines spacious living, income-producing potential, and incredible amenities for work, recreation, and entertaining.
The main residence features a desirable split 4-bedroom, 3-bath floor plan with multiple living areas, abundant built-ins, luxury wood-look flooring, and granite countertops throughout. The spacious kitchen offers new appliances, ample cabinetry, a large pantry, and a sun-filled breakfast area. The primary suite is a relaxing retreat with a sunken tub, separate shower, and walk-in closet.
Step outside and enjoy the peaceful setting from the beautiful wraparound porch, surrounded by mature trees and plenty of room to spread out. Outdoor features include a large hot tub, fire pit, sprinkler system, water well, underground wireless pet fence, and an RV parking pad with full hookups.
A detached 1-bedroom, 1-bath apartment complete with its own kitchen provides incredible flexibility for extended family, guests, or rental income.
Need space for a business or hobbies? The massive 2,000+ sq. ft. climate-controlled workshop includes two private offices and offers endless possibilities for a home-based business, woodworking, storage, projects, or recreational equipment.
With acreage, Wylie ISD, multiple living spaces, a separate apartment, an oversized climate-controlled shop, RV hookups, and so much more, this is anything but your typical property. Come experience everything this unique Potosi retreat has to offer!
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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 6, 2026 | Price Decreased |
$584,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Sep 11, 2026 | Price Decreased |
$589,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Sep 1, 2026 | Listed by Our Texas Real Estate | $599,000 | |
| Listed by Our Texas Real Estate | |||
| May 27, 2025 | Sold | ||
| Sold | |||
| Apr 2, 2025 | Listed by Coldwell Banker Apex, REALTORS | $515,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
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This incredible property must be seen in person to fully appreciate.
Exceptional private home in the Potosi community with revenue generating features. This captivating property boasts a spacious primary residence & an income generating or perfect mother in law detached apartment. The expansive premises stretch over 2.6 acres offering privacy & space including a large hot tub, beautiful trees, sprinkler system, a water well and a large fire pit. There is also a wireless pet fence installed underground. Home has split four bedroom arrangement with three full bathrooms. Master suite has a sunken tub, separate shower and walk in closet. Kitchen features double ovens, & sizable pantry. The sun lit breakfast room and multiple living spaces add versatility. The beautiful wrap-around porch invites relaxation in the quiet peaceful setting. Home has numerous updates including luxury wood look floors & granite countertops throughout. Built ins galore.
Separate sizable one-bedroom one full bath apt recently rented for $800 a month. A huge 2,000+ sq ft climate-controlled workshop with two offices caters to a home-based business and hobbies, wood working or anything you can imagine. THIS IS A MUST SEE PROPERTY!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017