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Lot 18 Firewheel
About This Property
Gaines Bend is one of Possum Kingdom Lake's established communities, known for its beautiful surroundings, privacy and convenient access to the water. Located near Hell's Gate, one of PK Lake's most famous landmarks, you'll be close to the heart of lake activity while still enjoying the peaceful setting of Gaines Bend. Spend your days boating, swimming and exploring the lake, then come home to your own private retreat.
A boat slip is available at a nearby marina, making lake days easy and convenient.
Looking for even more space? Adjoining Lot 19 is also available, offering a rare opportunity to purchase both homesites and create an impressive 1.636-acre property at Possum Kingdom Lake. Whether building now or securing your place at PK for the future, Lot 18 offers the space, location and possibilities to make it your own.
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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 |
|---|---|---|---|
| Aug 17, 2026 | Listed by The Brokerage Residential LLC | $350,000 | |
| Listed by The Brokerage Residential LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017