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5001 Piper Drive
About This Property
Spanning more than 4,200 acres along the Brazos River in Granbury, Texas, Pecan Plantation is recognized as the second largest residential airpark and fly in community in the United States and features multiple private airfields. Located within The Landings, this property provides access to the community's 3,100 foot paved runway, airport identifier 66TE, ideal for pilots who want the convenience of keeping their aircraft at home and flying directly from their neighborhood.
Cleared lot and ready for your vision, much of the planning has already been done! The property comes with custom house and 60' x 60' hangar plans designed specifically for this lot by the previous owners, giving buyers an excellent starting point for their own private aviation retreat. Plans are available for review by request. Prefer to start from scratch? Bring your own vision and design a completely custom home and hangar tailored to your lifestyle, aircraft, and needs.
Interested buyers are even welcome to fly in and meet the agent to tour the property, because when you're shopping for a runway lot, arriving by plane just makes sense!
Beyond aviation, Pecan Plantation offers an exceptional lifestyle within a gated and guarded community featuring two golf courses, a private marina, swimming pools, tennis and pickleball courts, parks, walking trails, restaurants, a country club, grocery store, pharmacy, medical offices, hardware store, & 24 hour gated security.
Whether you're ready to build your private aviation retreat or searching for a unique homesite in an amenity filled community, 5001 Piper Drive offers the space, flexibility, location, and lifestyle to bring your vision to life.
Build your dream home, park your plane, & make The Landings home.
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Cap Rate Calculator
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 28, 2026 | Price Decreased |
$210,000
↓ $5K
(2.3%) | |
| Price Decreased | |||
| Sep 28, 2026 | Price Decreased |
$215,000
↓ $5K
(2.3%) | |
| Price Decreased | |||
| Aug 29, 2026 | Price Decreased |
$220,000
↓ $15K
(6.4%) | |
| Price Decreased | |||
| Aug 8, 2026 | Listed by Cates & Company | $235,000 | |
| Listed by Cates & Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017