171 Woods Road
About This Property
Ready to wake up to Lake Texoma views and end your day with a beautiful sunset? **Lake views can be enjoyed from most rooms of this home**, making the lake part of your everyday scenery! This spacious **3-level, 4-bedroom, 3-bath home** offers room for everyone and plenty of ways to enjoy lake life. Previously operated as an Airbnb with sleeping accommodations for up to 16, it could make an incredible full-time home, family getaway, corporate retreat or potential short-term rental.
Inside, spread out with **2 living areas and 3 fireplaces**. The **renovated walk-out basement has been transformed into a game room** and overlooks the lake-an amazing spot for family fun or relaxing while taking in those spectacular evening sunsets.
Step outside and choose from **3 decks** for morning coffee, entertaining or simply enjoying the views. And bring the lake toys! A **2-car garage plus a 28' x 34' shop** provides plenty of room for your boat, RV, ATVs and more.
Located on the Oklahoma side of Lake Texoma near Newberry Creek, Catfish Bay, Willow Springs, Lakeside and Johnson Creek Campgrounds, with nearby boat ramps making it easy to get on the water for a day of boating or fishing. You're within a few hours of DFW and Oklahoma City, approximately 20 minutes from Choctaw Casino & Resort and about 8 minutes from West Bay Casino, with the planned Hard Rock development nearby.
**Bring the family, bring the friends and bring the lake toys-there's room for everyone! Come for the views, stay for the sunsets, and make Lake Texoma your happy place!**
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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 |
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| Aug 15, 2026 | Listed by American Dream Realty | $695,000 | |
| Listed by American Dream Realty | |||
| May 15, 2019 | No longer available | - | |
| No longer available | |||
| Nov 20, 2018 | Listed | $295,000 | |
| Listed | |||
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Tri-level walk-out nearly 4,000sqft home perfect for a large extended family, or corporate retreat. Beautiful distant sunset lakeview from the covered balcony. 2 car attached garage with a 24x38 metal shop building. Quiet road in a small subdivision. Motivated seller. Priced 12,000. below assessed value! The manager has listed the unit size as 3890 square feet.
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| Nov 19, 2018 | No longer available | - | |
| No longer available | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017