Lot 162R Agarita Circle
About This Property
The terrain is well-suited for building, with gentle slopes that make site preparation straightforward and cost-efficient. Nestled in a quiet cove setting, the lot provides direct water access and the peaceful atmosphere of a protected shoreline, all within the security and privacy of a gated neighborhood. Gaines Bend is known for its welcoming community, scenic surroundings, and convenient access to both the main body of the lake and nearby amenities.
This property presents a rare opportunity to combine size, location, and ease of build at Possum Kingdom Lake - creating the perfect foundation for your future lake home.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jan 1, 2026 | Sold | ||
| Sold | |||
| Dec 23, 2025 | In contract | - | |
| In contract | |||
| Sep 22, 2025 | Listed by Berkshire HathawayHS Pondera | $500,000 | |
| Listed by Berkshire HathawayHS Pondera | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017