1844 County Road 266
About This Property
Modern amenities include a gated community entrance, well-maintained county and private roads. Electricity and high-speed fiber-optic internet are also available. While part of the gated subdivision, this tract features its own private entrance directly off Hwy 1702, just 40 feet from the CR 266 merge. The community mailbox is located near the main gate, only a minute's drive away.
The well-shaped, partially fenced rectangular lot has been thoughtfully improved with multiple cleared homesites, some near the highway for convenience and others tucked deeper in for privacy and panoramic views. Mature trees provide shade and beautiful gathering spaces. Wildlife is abundant, with deer, turkey, and quail often seen throughout the property.
The land sits on a major aquifer, confirmed by the Middle Trinity Groundwater Conservation District, ideal for drilling a reliable well. A developer-organized cattle grazing lease helps owners maintain a 1-D-1 agricultural tax exemption, with participation optional. The current property taxes are very reasonable.
This growing subdivision features beautiful new homes and a welcoming rural community. Enjoy scenic views surrounded by rolling ranchland, pecan farms, dairies, vineyards, and wineries. The nearby towns of Comanche and Hamilton add both charm and convenience. Come see Mystic Mountain Ranch, peaceful, private, and ready for your vision!
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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 |
|---|---|---|---|
| Jan 16, 2026 | Sold | ||
| Sold | |||
| Nov 27, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2025 | Price Decreased |
$105,000
↓ $34K
(24.5%) | |
| Price Decreased | |||
| Oct 22, 2025 | Listed by Ann Jones Real Estate | $139,000 | |
| Listed by Ann Jones Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017