29
Map
$69,000
●
Land -
For Sale
245 Melbourne Trail
Possum Kingdom Lake, TX 76449
Studio
0 Bath
$448
Est. Monthly
$108
HOA / Fees
About This Property
Over half an acre of golf course and water view. This sloped lot
could be an ideal location for someone that wants a multi story
home with views from all levels. Private street located between The
Cliffs Marina and the club house, pool, and other amenities.
Ownership gives you access to 2 pools, the restaurant, tennis
courts, marina, boat launch, and 36 rounds of golf per year on one
of Texas' championship golf courses. This is a gated and guarded
community, so you will need an agent to gain access to this truly
unique community and lot.
Unit Size
-
Days on Market
-
Land Size
0.53 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$108
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (NTREIS #21110013)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 13, 2025 | Listed by Century 21 Mike Bowman, Inc. | $69,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
| Nov 1, 2025 | No longer available | - | |
| No longer available | |||
| Oct 12, 2024 | Listed by Century 21 Mike Bowman, Inc. | $69,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
| | |||
|
Over half an acre of golf course and water view. This sloped lot could be an ideal location for someone that wants a multi story home with views from all levels. Private street located between The Cliffs Marina and the club house, pool, and other amenities. Ownership gives you access to 2 pools, the restaurant, tennis courts, marina, boat launch, and 36 rounds of golf per year on one of Texas' championship golf courses. This is a gated and guarded community, so you will need an agent to gain access to this truly unique community and lot.
| |||
| Oct 1, 2024 | No longer available | - | |
| No longer available | |||
| Feb 23, 2023 | Listed by Possum Kingdom Real Estate | $69,000 | |
| Listed by Possum Kingdom Real Estate | |||
| | |||
|
WATERVIEW AND GOLF COURSE VIEW LOT!! Rare lot over 0.5 acres in The Cliffs Resort. Sitting hillside, this property offers the owner the opportunity to look out over the golf course and down the creek to Neeley Slough. Only community property between the golf course and this lot. Ownership gives you 36 complementary rounds of golf on Texas's Championship Golf Course annually, and access to the community club house, 2 pools, tennis courts, restaurant, marina, boat launch and much more. This is a gated and guarded community, so reach out to a local agent to schedule a time to come see this rare gem on one of Texas's most beautiful lakes.
| |||
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Property Highlights
Exterior Details
Lot Features: Cul-De-Sac
Lot Size Area: 0.529
Lot Size Units: Acres
Lot Size Acres: 0.529
Lot Size Square Feet: 23043.24
Tax Lot: 163
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Security, Full Use of Facilities, Management Fees
HOA Fee: $1,300
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Palo Pinto
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Listed by: Matthew Renfro, Century 21 Mike Bowman, Inc.
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 21110013
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 21110013
Details provided by NTREIS and may not match the public record
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