38108 Misty Ridge Drive
About This Property
Residents enjoy access to two acclaimed golf courses, both earning four-star ratings from Golf Digest. The New Course and Old Course were ranked #1 and #2 public courses in Texas on GolfPass' 2022 Golfers' Choice list, with the New Course also earning a spot at #29 of the top 50 courses in the nation.
The community also boasts an impressive array of amenities, including a large marina, four miles of breath taking shoreline views of Lake Whitney, and multiple dining options. Enjoy leisurely days with four swimming pools, tennis and pickleball courts, along with facilities to hold business. Unwind and rejuvenate at the full-service spa, offering luxurious treatments and a serene atmosphere.
Winding through this picturesque community are 62 miles of roads that curve through gently rolling, heavily treed terrain, offering peaceful walks or drives where you might encounter grazing deer and wild turkeys. A true haven for nature lovers and those seeking both adventure and relaxation. The adjacent lot next door is also for sale. If an individual decides to purchase both lots the seller is willing to reduce the price to $10K
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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 2, 2026 | No longer available | - | |
| No longer available | |||
| Jan 12, 2026 | Listed by Monument Realty | $6,000 | |
| Listed by Monument Realty | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Sep 8, 2025 | Listed by Monument Realty | $8,500 | |
| Listed by Monument Realty | |||
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Welcome to an exceptional opportunity to own a piece of paradise in a prestigious, guard-gated resort community. This vacant lot, nestled on a serene cul-de-sac, offers privacy and tranquility while being surrounded by the natural beauty of the resort's sprawling landscape.
Residents enjoy access to two acclaimed golf courses, both earning four-star ratings from Golf Digest. The New Course and Old Course were ranked #1 and #2 public courses in Texas on GolfPass' 2022 Golfers’ Choice list, with the New Course also earning a spot at #29 of the top 50 courses in the nation.
The community also boasts an impressive array of amenities, including a large marina, four miles of breath taking shoreline views of Lake Whitney, and multiple dining options. Enjoy leisurely days with four swimming pools, tennis and pickleball courts, along with facilities to hold business. Unwind and rejuvenate at the full-service spa, offering luxurious treatments and a serene atmosphere.
Winding through this picturesque community are 62 miles of roads that curve through gently rolling, heavily treed terrain, offering peaceful walks or drives where you might encounter grazing deer and wild turkeys. A true haven for nature lovers and those seeking both adventure and relaxation. The adjacent lot next door is also for sale. A deal can be made if both are purchased.
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| Sep 1, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017