454 County Road 1516
About This Property
A circular drive welcomes you to the stately brick and stone home, where mature landscaping and a decorative fountain create an impressive entrance. Inside, extensive custom woodwork, detailed trim and millwork, built-ins, stone and tile finishes, and generously sized living and entertaining areas showcase the craftsmanship throughout. Large windows along the rear of the home take advantage of the beautiful Lake Fork views.
The property also includes a **separate apartment**, ideal for guests, extended family or additional living quarters. Garage space includes a two-car garage plus a separate air-conditioned one-car garage, providing excellent space for vehicles, a workshop, hobbies or climate-controlled storage. A whole-home backup generator provides added convenience and peace of mind.
Outside, towering mature trees frame an expansive lawn leading toward the water. A substantial retaining wall follows the contour of the shoreline, creating a distinctive peninsula-like setting with **panoramic views across Lake Fork**.
With 1.57 waterfront acres, separate guest accommodations, three garage spaces, a whole-home generator, beautiful landscaping, and exceptional Lake Fork frontage, this property offers an outstanding opportunity for a full-time residence, weekend retreat, or private fishing getaway on one of Texas' most celebrated bass lakes.
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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 |
|---|---|---|---|
| Sep 15, 2026 | Listed by Country 'N' City Realty, LLC | $1,299,999 | |
| Listed by Country 'N' City Realty, LLC | |||
| Apr 8, 2021 | Sold | ||
| Sold | |||
| Sep 4, 2020 | Listed by Signature Properties, LLC | $849,000 | |
| Listed by Signature Properties, LLC | |||
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Where to start! This 4700 SF Lake Fork waterfront home sits on approximately 6 acres of land ( 1.57 deeded acres and approximately 4.5 acres of leaseback property ) with approximately 700 Ft of shoreline with amazing views, luxurious features and so much attention to detail… from fireplace to primary bathroom. With a large open concept living, dining and kitchen…hosting your favorite holiday events or just friendly get togethers will be one less thing you will have to stress about while planning. This fully equipped gourmet kitchen is a cook’s dream…with double ovens, warming drawer, pot filler, prep sink in the oversized granite island. (See full description in associated docs)
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