372 CARPENTER AVENUE
About This Property
Nestled on 6.71 stunning lakefront acres, this one-of-a-kind property offers direct access to Lake Tyler, agricultural zoning, and NO HOA-giving you total freedom to bring your vision to life.
The framed concrete block structure is already permitted, with electric and well installed-just bring your plans and imagination! (Note: the septic and drain field will need replacement.) This setup is perfect for builders, investors, or anyone ready to customize a private retreat.
Looking for more than one home? This property can potentially be split into 2 or even 3 separate lots, making it an incredible opportunity to build multiple custom homes, one of which could be directly lakefront. Ideal for developers or multigenerational living!
Enjoy the majestic oak tree offering natural shade, breathtaking lake views, and the serenity of lakeside living. Plus, active bee hives are on-site-a great feature for those interested in homesteading or agricultural pursuits.
Need storage? You're covered with a 30x30 carport (built in 2015) and a 36x23 shed, perfect for vehicles, tools, or future workshop space.
? 3 Bed | 2 Bath | 1,300 Sq. Ft. | 6.71 Acres
? Lakefront | No HOA | Agricultural Zoning
? Can be split into 2–3 lots-great for development!
Whether you're dreaming of a secluded lakefront getaway, a prime investment, or a multi-home development, this property delivers. Schedule your tour today before it's gone!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 30, 2025 | Sold | ||
| Sold | |||
| Jul 15, 2025 | In contract | - | |
| In contract | |||
| May 19, 2025 | Listed by RE/MAX TOWN & COUNTRY REALTY | $399,000 | |
| Listed by RE/MAX TOWN & COUNTRY REALTY | |||
| May 4, 2025 | Price Decreased |
$399,000
↓ $26K
(6.1%) | |
| Price Decreased | |||
| Apr 8, 2025 | Price Increased |
$424,900
↑ $25K
(6.2%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017