2153 Trail Ridge 2
About This Property
Perfectly perched on the deep, clear waters of Possum Kingdom Lake, this rare waterfront escape delivers jaw-dropping views and year-round enjoyment. Fully furnished and move-in ready, the home boasts an airy open layout, floor-to-ceiling windows, and seamless indoor-outdoor flow that puts lake life front and center.
With 3 oversized bedrooms-each with a private bath-and a flexible 4th room ideal for a bunkroom, game room, or extra guests, there's room for everyone. The spacious primary suite offers panoramic lake views and direct access to the expansive deck.
Outside, enjoy your own private pool and an elevated deck built for sunset cocktails or stargazing. The custom dock features a party platform, green fishing lights, upgraded walkway lighting, and all-weather decking that cleverly converts to a hangout zone when your PWC is out.
Don't just live by the lake-own the experience.
Thoughtful updates since its last market appearance make this turn-key home ideal for immediate enjoyment. Don't miss the opportunity to own one of the few deep-water properties at Possum Kingdom with both privacy and a front-row seat to the lake's beauty.
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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 |
|---|---|---|---|
| Feb 17, 2026 | Sold | ||
| Sold | |||
| Feb 16, 2026 | Relisted | $2,225,000 | |
| Relisted | |||
| Feb 1, 2026 | No longer available | - | |
| No longer available | |||
| Jan 16, 2026 | In contract | - | |
| In contract | |||
| Jan 7, 2026 | Relisted | $2,350,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017