256 Greasy Bend RD
About This Property
Towering century-old live oaks and mature pecan trees are scattered across the land, creating shaded groves and postcard-worthy views. The varied terrain adds depth and character, making the ranch feel far larger than its acreage and providing multiple elevated building sites with stunning perspectives of the surrounding landscape.
Whether you're seeking a private retreat, a recreational getaway, or a long-term homestead, this property delivers the true ranch lifestyle while keeping you conveniently close to town. Electricity is already on the property, and a water well will be needed.
A rare opportunity to own a large, beautiful stretch of land along the Colorado River - peaceful, private, and full of potential.
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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 17, 2026 | Price Decreased |
$1,700,000
↓ $50K
(2.9%) | |
| Price Decreased | |||
| Jul 16, 2026 | Price Decreased |
$1,750,000
↓ $50K
(2.8%) | |
| Price Decreased | |||
| Jun 16, 2026 | Price Decreased |
$1,800,000
↓ $50K
(2.7%) | |
| Price Decreased | |||
| May 13, 2026 | Price Decreased |
$1,850,000
↓ $250K
(11.9%) | |
| Price Decreased | |||
| Feb 9, 2026 | Listed by Keller Williams Brazos West | $2,100,000 | |
| Listed by Keller Williams Brazos West | |||
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Discover 114 breathtaking acres just six miles outside of Smithville, perfectly nestled along the scenic Colorado River. This exceptional property offers a rare combination of natural beauty, recreation, and the ideal setting to build your dream riverfront home.
Towering century-old live oaks and mature pecan trees are scattered across the land, creating shaded groves and postcard-worthy views. The varied terrain adds depth and character, making the ranch feel far larger than its acreage and providing multiple elevated building sites with stunning perspectives of the surrounding landscape.
Whether you’re seeking a private retreat, a recreational getaway, or a long-term homestead, this property delivers the true ranch lifestyle while keeping you conveniently close to town. Electricity is already on the property, and a water well will be needed.
A rare opportunity to own a large, beautiful stretch of land along the Colorado River — peaceful, private, and full of potential.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017