4292 N Us 83 Highway
About This Property
The homestead is a 3-bedroom, 3.5-bath stone residence oriented to maximize light, views, and privacy. With 2,172 square feet of living space, an open floor plan, and sweeping porches, it serves as a comfortable headquarters for days spent outdoors. Across the paved drive is a multi-functional barn/workshop, designed with oversized doors tall enough to accommodate an RV and outfitted with an upper loft and separate apartment space featuring a kitchen, bath, and living area-ideal for hosting friends, a ranch foreman, or visiting family. The barn doubles as a flexible gathering space-perfect for a casual game of pool, a friendly pickleball match, or simply making memories together.
A private lake on Mill Creek stocked with bass, catfish, and perch creates a peaceful natural centerpiece, while axis deer, wild turkey, and native wildlife roam freely across the property, offering on-site hunting opportunities. Crushed-rock roads, solar-powered entry gates, and minimal elevation changes make for easy access throughout the entire ranch.
Whether you're envisioning a peaceful family compound, a generational legacy retreat, or simply a place to disconnect and breathe, this ranch offers something exceptionally rare-true riverfront living, untouched and unforgettable.
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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 |
|---|---|---|---|
| Jul 11, 2026 | Listed by Compass RE Texas, LLC | $4,950,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017