22191 Carters Lake Road
About This Property
Tucked away in the scenic landscape of Le Flore County, this 17 +/- acre spread offers perfect quiet country living. Property has a blend of open ground and mature timber, this property is a prime setup for anyone looking to raise a few head of livestock, establish a hobby farm, or simply enjoy a private, self-sufficient retreat at the end of the road.
The Cabin
The heart of this homestead is a striking 3-bedroom, 2-bathroom cabin-style home built in 1993. Offering 1,533 square feet of rustic charm, the home features an expansive A-frame design with soaring 9-foot ceilings and massive windows that perfectly frame views of the Oklahoma countryside.
• Cozy Living Space: The standout living room is anchored by a floor-to-ceiling stone wood-burning fireplace, ideal for keeping the cabin warm and inviting through the winter months.
• Country Kitchen: An open kitchen and dining layout provides a practical space for family meals, complete with durable laminate countertops, built-in appliances, and a warm, traditional feel.
• Solid Grounding: Outfitted with low-maintenance laminate flooring, central heat and air, and all-electric utilities to combine classic cabin aesthetics with modern convenience.
The Land & Setting
Whether you are looking to run cattle/horses, ride ATVs, or set up a deer stand for fall hunting, these 17 acres offer plenty of versatility.
• Privacy & Location: Situated on Carters Lake Road just outside Panama, the property offers excellent privacy without being cut off from convenience, keeping you within easy driving distance of Poteau, Fort Smith and Tulsa.
This is a great, usable property that is just waiting for the perfect new owner.
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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 |
|---|---|---|---|
| Jul 28, 2026 | In contract | - | |
| In contract | |||
| Jul 6, 2026 | Listed by RE/MAX Champion Land | $249,900 | |
| Listed by RE/MAX Champion Land | |||
| Oct 17, 2025 | Relisted | $250,000 | |
| Relisted | |||
| Jul 15, 2025 | In contract | - | |
| In contract | |||
| Jul 9, 2025 | Listed | $250,000 | |
| Listed | |||
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CABIN IN THE WOODS
Just found the perfect ranchette with seclusion, location, access and easy living for either your main homestead or second home! The beautiful little A frame dwelling at the end of the long wood lined drive offers the perfect tranquility for a peaceful living atmosphere. The location is prime!
LOCATION: LeFLore County, Southeast OK., just over ½ mile north of SH 31, 3 miles west of Panama. Poteau, the county seat of LeFLore County is just over 10 miles south, Ft. Smith is less than 20 miles to the east. Definitely one of the more progressive areas in Eastern Oklahoma. Kerr Lake is 10 miles north, and several other lakes in the area to include Wister, Cedar, Tenkiller and Eufaula. The Ouachita National Forrest is south less than 30 miles.
SITE: 18 acres m/l of gently sloping terrain of basically all hardwood makes it the homestead so sought after. The wooded property not only provides for wildlife habitat, but also other recreation uses such as hiking and atv use, not to mention your firewood.
UTILITES-Electric, rural water, propane, phone.
ACCESS: County road frontage on east side.
MINERALS: none.
IMPROVEMENTS: 1993 built A-Frame wrap-a-round porch, 2 story home equipped with semi open floor plan with wood burning fireplace and lots of windows to let the sun shine in. Such a fitting home for this property. Plenty of woods, but enough cleared for a garden, chickens and other farm animals.
COMMENTS: For a main or second home, it would be hard to beat the enjoyment offered with this property. The great location, easy access, nice improvements, tranquility, couldn’t ask for much more in a rural property. See if you can make your furnishings and enjoyment fit in this place, give us a call!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017