15240 PERLITE Drive
About This Property
The Crown Jewel: An Unrestricted 1-Acre Canvas
While the residence itself offers a delightful atmosphere, the expansive full-acre parcel is undeniably the main attraction. In an era of tightly squeezed suburban developments, this property provides physical separation, absolute privacy, and limitless potential.
Complete Spatial Independence: Say goodbye to rigid HOA oversight and restrictive covenants. With an entire acre at your disposal, you have the room to build a large detached workshop or multi-bay garage, store your largest RVs, boats, or trailers, or establish an open-air homestead.
Level & Versatile Land: Featuring flat, highly usable topography, the lot makes future additions, outdoor entertainment layouts, or agricultural projects easy and straightforward to implement.
Self-Contained Setup: Utilizing level land and septic infrastructure, this property caters perfectly to those who value a flexible, self-contained lifestyle.
A Charming, Hand-Built Home
At the center of this incredible land sits a house constructed entirely by hand, bringing a distinctive charm and authentic character that modern cookie-cutter builds simply cannot replicate.
Heart of the Home Kitchen: Designed for real life, the exceptionally spacious kitchen provides abundant counter space and cabinet storage, making it an ideal hub for home-cooked meals, canning, or entertaining guests.
Extraordinarily Large Bedrooms: Generous floor plans ensure that the bedrooms feel like private retreats. Each room offers remarkable square footage, high versatility for oversized furniture, and plenty of space to relax.
Neat Vintage Fireplace: Serving as the cozy focal point of the main living space, the striking vintage fireplace adds timeless warmth, rustic elegance, and unique flair.
Strategic Location: Rural Peace Meets Modern Growth
Living in Ascencion Park Estates allows you to savor quiet desert solitude without giving up access to urban essentials.
Minutes to Booming Retail: A quick drive brings you directly to Eastlake Boulevard's exploding commercial district, featuring brand-new supermarkets, popular dining spots, fitness centers, and modern healthcare facilities.
Seamless Commutes: Easy connectivity to Horizon Boulevard provides a quick route to Interstate 10, Loop 375, and seamless drives into central El Paso or Fort Bliss.
Panoramic Desert Vistas: Enjoy wide-open Texas skies, breathtaking mountain backdrops, and peaceful, starry nights far removed from city light pollution.
Whether you are seeking room for your hobbies, space for your heavy equipment, or a charming hand-built home on a massive piece of land, this Ascencion Park Estates listing delivers an extraordinary lifestyle opportunity.
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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 |
|---|---|---|---|
| Oct 9, 2026 | Relisted | $115,000 | |
| Relisted | |||
| Oct 6, 2026 | In contract | - | |
| In contract | |||
| Sep 25, 2026 | Price Decreased |
$115,000
↓ $20K
(14.8%) | |
| Price Decreased | |||
| Sep 10, 2026 | Listed by OTRE Group, LLC | $135,000 | |
| Listed by OTRE Group, LLC | |||
| Sep 21, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017