231 Reata Ranch Drive
About This Property
BRING YOUR OWN BUILDER, and design a home that fits your lifestyle, while maintaining the integrity and vision of the community through established architectural guidelines. Located just outside of Weatherford, you'll enjoy the quiet of country living while still being close to everything you need. LIMITED LOTS AVAILABLE, SO NOW IS THE TIME to secure your place in one of Parker County's most desirable acreage communities. Reata Ranch isn't just a place to build. It's a place to belong.
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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 |
|---|---|---|---|
| Apr 27, 2026 | Price Decreased |
$110,000
↓ $9K
(7.6%) | |
| Price Decreased | |||
| Apr 24, 2026 | Listed by Texas Legacy Real Estate Group, LLC | $119,000 | |
| Listed by Texas Legacy Real Estate Group, LLC | |||
| Apr 16, 2025 | No longer available | - | |
| No longer available | |||
| Jul 15, 2024 | Listed by Don Bell Properties, LLC | $119,000 | |
| Listed by Don Bell Properties, LLC | |||
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Only a few lots remain in the picturesque Reata Ranch addition, situated in the Peaster ISD. Now is the perfect time to bring your builder and create your dream home on a 2.4 acre lot. Nestled in a private setting, this community features sandy topsoil and mature hardwood trees. The entry is located on Advance Road, just off Hwy 1885.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017