460 Admiral Drive
About This Property
With easy access to the lake, this property is ideal for outdoor enthusiasts, anglers, nature lovers, and anyone looking to escape the fast pace of the city. Toledo Bend Lake is nationally known for its incredible bass fishing, boating, kayaking, and waterfront recreation, making this area a favorite destination for both Texas and Louisiana residents. The peaceful atmosphere, mature trees, and community setting create the perfect environment for a future custom home or weekend getaway cabin. Utilities are nearby, and the community's maintained roads and amenities add long-term value and convenience. Whether you are looking for a personal retreat or a smart investment in a growing lake community, this property offers endless possibilities in a prime East Texas location. Whether you are looking to build a private lake house, vacation cabin, or income-producing Airbnb near the water, this property offers endless possibilities in a prime East Texas lake community.
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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 |
|---|---|---|---|
| Oct 14, 2026 | Price Decreased |
$80,000
↓ $35K
(30.4%) | |
| Price Decreased | |||
| Aug 21, 2026 | Price Decreased |
$115,000
↓ $5K
(4.2%) | |
| Price Decreased | |||
| May 12, 2026 | Listed by Only 1 Realty Group Dallas | $120,000 | |
| Listed by Only 1 Realty Group Dallas | |||
| May 5, 2024 | No longer available | - | |
| No longer available | |||
| Nov 3, 2023 | Listed by Century 21 Action Team Realtors of Center, Inc | $150,000 | |
| Listed by Century 21 Action Team Realtors of Center, Inc | |||
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New Listing Hard To Find Prime Property in Pendleton Harbor, Toledo Bend Reservoir. Three large lots spanning 2 streets; very private. Former house burned. Utilities and slab are still there. Lots of plants and trees in this wooded restricted subdivision. Golf course and boat ramp in subdivision. Located near stores and restaurants. Also near the bridge to Louisiana. $150,000
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017