40
Map
2728 S Fm 129
About This Property
At the heart of the property sits a classic ranch-style home featuring rock exterior, metal roof, beautifully crafted wrought iron doors, concrete floors, an amazing rock fireplace & ample room for entertaining. Just outside the laundry room is a spacious attached carport & small shed for storage. With two independent water taps already in place on the property, the groundwork is laid for future expansions such as an additional homesite, barn or workshop.
Complementing the main residence is an impressive 1,800 sq. ft. dual-purpose shop. The building features approximately 900 sq. ft. of fully insulated, climate-controlled workspace alongside an additional 900 sq. ft. of open storage and covered parking for heavy equipment, tractors, boats, or UTVs. Tucked directly behind the shop is the move-in ready, fully functional, & fully furnished guest apartment; ideal for family, extended visitors, or a dedicated manager's quarters.
Directly across from the guest apartment sits a picturesque stock tank. Unwind on the porch while watching wildlife wander along the water's edge in the evening; or grab you fishing rod & try your luck.
Whether you are seeking an active recreational property, a working ranch setup, or a secluded weekend escape, this pristine Santo ISD property delivers refined country living without sacrifice. Turnkey, versatile, and ready for its next owner!
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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 31, 2026 | Listed by Railhead Realty, LLC | $2,200,000 | |
| Listed by Railhead Realty, LLC | |||
| Feb 23, 2022 | Sold | ||
| Sold | |||
| Nov 16, 2021 | Listed by The Platinum Group Real Estate | $1,125,000 | |
| Listed by The Platinum Group Real Estate | |||
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Location and Access does not get much better. Hard to find property, perfect for anyone looking for seclusion while being minutes from growing Santo, Texas and the Interstate 20 Highway 281 corridor. Newer custom built ranch style home amongst a dense set of oak trees. 4 bed 2.5 bath with an office. A unique and charming positioned bonus guest house overlooks the large 2 acre stocked tank that accompanies the property. A spacious 30x30 shop for storage and projects . This 36 acre property welcomes wildlife and the topography lends itself to the outdoorsman looking for an adventure and city escape. Must see in person to truly appreciate all this rare opportunity has to offer. Prime Palo Pinto County Estate.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017