18
Map
214 Pine PATH
About This Property
Equestrian amenities include multiple fenced pastures and a practical run-in style barn, ideal for a low-maintenance horse setup. The 2-bedroom, 2-bath home features an open-concept living, kitchen, and dining area, with a private ensuite primary bedroom. A 500 sq. ft. converted garage offers a flexible bonus room that's perfect for a studio, home office, gym, or guest space. An attached one-car carport provides additional covered parking.
Located in the desirable Circle D neighborhood, which features an active homeowners association and light restrictions, this property combines rural charm with community standards. Enjoy exceptionally low property taxes thanks to the property's Wildlife tax status. Horseback riders will also love the nearby trails at McKinney Roughs Nature Park in Cedar Creek, just a short haul away.
This is a rare opportunity to own a quiet, pine-shaded retreat with equestrian functionality, close to the heart of Bastrop.
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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 |
|---|---|---|---|
| May 30, 2025 | Listed by Stanberry REALTORS | $565,000 | |
| Listed by Stanberry REALTORS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017