1468 Cedar Mills Road
About This Property
Just 1.1 miles from Cedar Mills Marina and Resort, this 4.33-acre property offers the perfect blend of peaceful country living and lake life convenience. Nestled near the shores of Lake Texoma, this property features a well-maintained manufactured home, ideal as a primary residence, weekend retreat, or short-term rental opportunity.
Enjoy the expansive space with mature trees and plenty of room for outdoor recreation, gardening, or future expansion. A large 4-car carport offers ample covered parking for vehicles, boats, or ATVs.
Whether you're looking to relax, explore the lake, or invest in a prime piece of North Texas real estate, this property has it all - location, land, and lifestyle.
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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 |
|---|---|---|---|
| Sep 25, 2025 | Price Decreased |
$314,999
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Jul 24, 2025 | Listed by Real Life Realty, LLC | $325,000 | |
| Listed by Real Life Realty, LLC | |||
| Jan 9, 2025 | No longer available | - | |
| No longer available | |||
| Jan 10, 2024 | Listed by The Michael Group Real Estate | $337,900 | |
| Listed by The Michael Group Real Estate | |||
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Discover Lake Texoma! This beautiful 4.33-acre property features trees and a charming double-wide home. Inside, you'll find a spacious open-concept living area that flows into the kitchen, along with 4 bedrooms and 2 bathrooms, all highlighted by high ceilings. Enjoy plenty of room both indoors and outdoors. Located just a mile from Lake Texoma, it’s a perfect retreat for fishing lovers ready to embrace lakeside living. Don’t miss this fantastic opportunity—motivated seller and priced to sell! With no HOA, you can park your boats, vehicles, and equipment with ease. Buyers and agents, please verify all details.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017