2 Trailridge Drive
About This Property
A charming wrap-around porch welcomes you into a home surrounded by mature trees & wide-open space, creating an inviting country setting. Recent improvements include a roof, smart siding, gutters, garage doors, luxury vinyl plank flooring, carpet, and fresh interior and exterior paint, making this character-filled home move-in ready.
The remodeled kitchen features stainless steel KitchenAid appliances, butcher-block countertops, and updated cabinetry, providing a warm and functional space for everyday living, cooking, and entertaining. The primary suite offers a peaceful retreat with a fully remodeled bathroom featuring a walk-in spa tub.
A covered breezeway connects the home to an oversized two-car garage with its own full bathroom. Above the garage is approximately 550 sqft of versatile finished space that can serve as a guest suite, home office, classroom, playroom, gym, or art studio.
The nearly 2-acre property is well suited for hobby farming, gardening, and equestrian living. Outdoor features include a chicken coop, a workshop with electricity, and nearly 2 acres of usable land well suited for gardening, small-scale farming, and outdoor projects. With horse approval and ample usable acreage, there is room to create outdoor gathering areas, or simply enjoy peaceful country living.
Located in Melissa Texas, this property offers a small-town atmosphere, highly regarded schools, & convenient access to Dallas and the surrounding Collin County communities. If you're searching for a gated acreage property with horse potential, a chicken coop, workshop, oversized garage, guest or flex space, & classic Victorian charm, this rare property offers country living with modern convenience.
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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 |
|---|---|---|---|
| Sep 28, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2026 | Listed by Ebby Halliday, REALTORS | $794,000 | |
| Listed by Ebby Halliday, REALTORS | |||
| Sep 1, 2026 | No longer available | - | |
| No longer available | |||
| Jun 30, 2026 | Price Decreased |
$815,000
↓ $15K
(1.8%) | |
| Price Decreased | |||
| Jun 15, 2026 | Price Decreased |
$830,000
↓ $20K
(2.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017