28300 County Road 1590
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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%.
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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.
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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 25, 2026 | No longer available | - | |
| No longer available | |||
| Apr 15, 2026 | Listed by Midwest Land Group | $2,350,000 | |
| Listed by Midwest Land Group | |||
| Mar 13, 2026 | Listed by Midwest Land Group | $2,350,000 | |
| Listed by Midwest Land Group | |||
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This 370 ± acre ranch in Pontotoc County offers a rare combination of productive pasture, mature timber, quality water features, and a beautiful custom home set on a scenic hilltop. Located at the end of a quiet dead-end county road, the property provides privacy while remaining conveniently accessible. The custom home, built in 2022, offers approximately 2,530 square feet per tax records with additional sunroom and upstairs space. The 4-bedroom, 2-bath home features spacious living areas, large picture windows overlooking the ranch, high ceilings, a well-designed kitchen, and an oversized pantry.
The land is well suited for livestock operations with approximately 280 acres of pasture and 90 acres of timber. Nearly 100 acres consist of Class II silt loam soils supporting productive native and improved grasses. The ranch is divided into 10 pastures with tight perimeter and cross fencing, much of which has been recently installed, allowing for rotational grazing. A solar-powered water well supplies multiple hydrants across paddocks, while rural water services the home. Leader Creek runs through the property for approximately 1.3 miles, adding both scenic value and livestock water access.
Additional improvements include a 60'x120' barn, a 30'x40' shop with plumbing and electric, a 40'x120' open barn with concrete floor, and working pens. Two stocked ponds (approximately 2 acres and ½ acre) provide fishing and additional water sources. The mix of pasture, creek bottom, and mature hardwoods supports wildlife including white-tailed deer, turkey, dove, and waterfowl.
The property is located approximately 11 minutes from Tupelo, 25 minutes to Ada, about 100 minutes to Oklahoma City, and roughly 2.5 hours to both Dallas and Tulsa metro areas. This ranch offers a combination of productive agricultural use, recreation, and comfortable country living.
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| Jan 6, 2026 | Price Decreased |
$2,596,000
↓ $104K
(3.9%) | |
| Price Decreased | |||
| Jul 28, 2025 | Listed | $2,700,000 | |
| Listed | |||
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PRICE ADJUSTMENT ***370 ACRES***GOOD MORNING! SIP COFFEE IN THE STUNNING SUNROOM AND RELAX WITH A BEAUTIFUL VIEW OF THE ACREAGE!! GRAZING AND HUNTING FOR YOUR PICK!!! BERMUDA AND NATIVE GRASSES, SPRINKLED WITH SOME PECAN AND OTHER TREES, FENCED AND CROSS FENCED, 5 PONDS, CREEK, SPRING, SECLUDED, SERENE. STUNNING!!! LOCATED JUST OUTSIDE OF ADA,OK NEAR LULA,OK.
4 BEDROOM, 2 BATH NEWER BUILT UPSCALE HOME WITH ATTACHED 2 CAR GARAGE. GORGEOUS OPEN LIVING AREA WITH HIGH/ WOOD CEILING AND GOURMET KITCHEN INCLUDING A SPRAWLING ISLAND AND LARGE WALKIN PANTRY!! THE EXTERIOR FEATURES A LARGE 60X 120 RED LIVESTOCK BARN, 40 X 120 OPEN BARN, A 30 X50 SHOP ( WITH ELECTRIC, WATER, KITCHEN, BATHROOM)
BEAUTIFUL VIEWS!! COME TAKE A LOOK. YOU WON'T BE DISAPPOINTED!!
HEE HAW, BRING YOUR LIVESTOCK TO THIS DREAM PROPERTY!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017