1402 PR 21
About This Property
With a combined 2,907 square feet, the property features three bedrooms and four baths, along with two bunk rooms that provide flexible accommodations for family and guests. The separate casita with kitchenette adds additional private space, creating a thoughtful layout that comfortably blends shared living with private retreats. The property also includes a massive 25x40 garage with three garage doors, ideal for vehicles, recreational equipment, and storage. The homes overlook a private lake, with the back porch designed as a welcoming gathering space complete with a fireplace and rocking chairs, perfectly positioned to take in tranquil water views, open pastures, and long vistas toward Gun Mountain.
Ownership includes access to Rough Creek Lodge and its approximately 9,000 acres of private ranch land, giving owners the rare ability to explore, hunt, and enjoy the property as if it were their own. From hunting opportunities and guided outdoor experiences to fishing, hiking, and seasonal activities, the land itself becomes an extension of home. At the center of the resort is the main lodge, featuring award winning fine dining in a stunning lodge setting overlooking Mallard Lake, along with inviting gathering spaces that define the Rough Creek experience. The resort's concierge-driven service team also assists with coordinating activities, dining, and home-related services whether owners are enjoying the home or away, creating a truly effortless ownership experience.
This is a unique opportunity to own a furnished, lakefront ranch estate offering acreage, views, privacy, and the lifestyle benefits of one of Texas' most celebrated luxury resort destinations.
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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 |
|---|---|---|---|
| Jan 19, 2026 | Listed by Luxe West Realty | $4,300,000 | |
| Listed by Luxe West Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017