20
Map
223 Oak Tree Drive
About This Property
This rare double lot combines breathtaking scenery, golf course frontage, privacy, and usability in one of Possum Kingdom's most desirable resort communities. Builders home plans are available for buyers looking to fast-track the process, or design and build your own custom luxury retreat tailored to your vision. Whether you are planning a full-time residence or weekend lake escape, opportunities to purchase a fully improved double homesite with utilities in place and panoramic mountain views inside The Cliffs are becoming increasingly difficult to find.
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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 |
|---|---|---|---|
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Price Decreased |
$425,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Oct 1, 2024 | Listed by Possum Kingdom Real Estate | $435,000 | |
| Listed by Possum Kingdom Real Estate | |||
| Jul 13, 2020 | Sold | ||
| Sold | |||
| Jun 4, 2020 | Listed by Coldwell Banker Realty | $22,500 | |
| Listed by Coldwell Banker Realty | |||
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Golf course lot with a Brazos Valley view. Watch the sun rise from the front balcony with family and friends.The lot rises slightly away from Oak Tree Dr and backs up to the 5th hole of The Cliffs Golf Course. A view of Possum Kingdom Lake is possible from the 2nd story of your get a way retreat or retirement home. Located in the original Phase of The Cliffs with concrete roads and several build options. This is a private drive-to location with limited drive-by traffic. Phase I has the signature hole of The Cliffs Golf Course. Just 90 minutes from Fort Worth, Abilene and Wichita Falls. 2 airports within 15 minutes of the 24 hour guarded front entrance.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017