3604 Lucky Pepper Drive
About This Property
Discover the opportunity to build your custom dream home on this beautiful 1.84-acre homesite in Cougar Mountain Estates, a prestigious gated community offering luxury country living, scenic views, and resort-style amenities. Located outside Cresson, between Weatherford and Granbury, this desirable area is up and coming, with continued growth and development while still offering the peaceful feel of Texas wildlife.
This lot offers unobstructed views and plenty of space to create the home and outdoor living areas you've been envisioning. United Co-op electricity and fiber internet are already available, providing the modern infrastructure you want when building a custom home.
Cougar Mountain Estates offers an impressive collection of private amenities designed for enjoying the outdoors and connecting with neighbors. Residents have exclusive access to the private 6-acre Lake Granbury Club, complete with a boat dock and a 10-foot-deep cove-ideal for boating, fishing, kayaking, or simply relaxing by the water. Additional community amenities include a beautifully appointed clubhouse, pickleball and tennis courts, horseshoe pits, fire pits, covered picnic pavilions, grills, and an event venue for gatherings and celebrations.
Enjoy the best of Texas Hill Country-inspired living with acreage, privacy, beautiful views, and exceptional community amenities, all within easy reach of Fort Worth.
If you're looking for acreage near Granbury, land near Fort Worth, a luxury gated community for a custom homesite, this 1.84-acre property is an opportunity worth seeing!
Bring your vision and build the home you've always wanted in Cougar Mountain Estates!
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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 19, 2026 | Listed by Bridgeway Realty, PLLC | $160,000 | |
| Listed by Bridgeway Realty, PLLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017