348 State Highway 153
About This Property
The home features 3 spacious bedrooms, 2 full bathrooms, and a dedicated laundry room located in the master bedroom. Inside, you'll find two wood-burning fireplaces, a soaring cathedral ceiling in the main living area, and a large bay window showcasing views of the arena, barns, and West Texas sunsets. Kitchen is spacious with ample custom built cabinets! Primary bedroom has dual closets with en-suite bathroom! Both front and back of the property overlook open pastureland, creating a peaceful country setting. There is large metal carport with concrete flooring on the north side of the home which creates a lovely patio to enjoy the serene countryside lifestyle. A new roof was installed in December 2024, and high-speed fiber optic internet is available-ideal for remote work or business operations.
The land is well-equipped for a variety of uses. With no zoning restrictions, the property includes a roping arena with chute and lights, a barn with livestock pens, a large saddle and equipment barn, and an additional storage barn for tools and supplies. There is ample space for livestock, entertaining, or future expansion.
Conveniently located just minutes from downtown Coleman with easy access to Highway 153, the property offers excellent visibility with highway frontage and large signposts-making it suitable for commercial or home-based business opportunities.
Whether you're seeking a primary residence, weekend retreat, income-producing property, or business venture, this versatile property offers endless 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 |
|---|---|---|---|
| Jun 3, 2026 | Sold | ||
| Sold | |||
| Apr 27, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Listed by Sujo McKee Real Estate | $219,900 | |
| Listed by Sujo McKee Real Estate | |||
| Jan 20, 2026 | No longer available | - | |
| No longer available | |||
| Sep 9, 2025 | Listed by Liveoak Land & Real Estate | $234,000 | |
| Listed by Liveoak Land & Real Estate | |||
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Charming native stone home on two acres just minutes from town. Features include a new roof (December 2024), two fireplaces, cathedral ceiling, fiber optic internet, and a panoramic bay window overlooking the arena and barns. Outside, enjoy a roping arena with chute and lights, barn with pens, equipment barn, and outdoor storage. Ideal for an event space, or small business. Prime highway frontage offers excellent visibility and access. Live, work, and invest — all from one exceptional property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017