3915 Shore Front Drive
About This Property
Surrounded by mature trees and rich with wildlife, including frequent deer sightings and a variety of native bird species, this property is ideal for those seeking privacy, tranquility, and a true connection to nature. Enjoy the serenity of country living with the added benefit of no city taxes, while still being within close proximity to lake activities such as boating, fishing, and outdoor recreation.
Buildable lots in this established addition rarely become available, making this an exceptional opportunity to secure your piece of Texas and bring your vision to life. Whether you're looking to build a full-time residence or a weekend retreat, this property offers endless potential in a highly desirable lakeside setting.
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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 8, 2026 | Sold | ||
| Sold | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| Apr 16, 2026 | Listed by Realty Of America, LLC | $115,000 | |
| Listed by Realty Of America, LLC | |||
| May 3, 2021 | Sold | ||
| Sold | |||
| Dec 9, 2020 | Listed by Success North Texas Realty | $94,900 | |
| Listed by Success North Texas Realty | |||
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Build your custom home in an established lakeside community with a deep water well, septic and electricity already in place. Nature lovers will appreciate the abundant deer, bird species and trees throughout neighborhood. Rarely does a buildable lot in this addition become available so come take a look today. No city taxes!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017