40
Map
23180 Bridle View Drive
About This Property
Step outside and discover a property designed to make the most of its acreage and East Texas setting. The covered patio and porch provide inviting spaces to enjoy the outdoors, while the saltwater, vinyl-lined pool creates a private retreat for relaxing or entertaining. The expansive grounds include pasture, a barn, tack room, storage building, workshop, boat house, RV pad, golf cart storage, and boat storage, offering remarkable versatility for hobbies, recreation, and equipment. A concrete driveway, sprinkler system, gutters, underground utilities, public water, private sewer, and tankless gas water heater add convenience to the property. Fiber-optic internet keeps you connected, while the community offers common areas and fishing opportunities. Located in sought-after Stallion Lake Ranch with a yearly HOA fee of $395 and **no initiation fee**, this property combines refined modern living with the space and possibilities that make East Texas acreage so desirable.
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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 |
|---|---|---|---|
| Oct 8, 2026 | Price Decreased |
$999,990
↓ $200K
(16.7%) | |
| Price Decreased | |||
| Oct 8, 2026 | Relisted | $1,200,000 | |
| Relisted | |||
| Oct 5, 2026 | In contract | - | |
| In contract | |||
| Oct 2, 2026 | Price Decreased |
$1,200,000
↓ $40K
(3.2%) | |
| Price Decreased | |||
| Sep 29, 2026 | Price Decreased |
$1,240,000
↓ $50K
(3.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017