5001 White Pine Drive
About This Property
Step outside to an impressive covered patio that functions as a true extension of the home. Complete with a built-in grill, outdoor fireplace and tongue-and-groove cedar ceiling, this inviting outdoor retreat provides the perfect setting for weekend cookouts, evening gatherings or relaxing while enjoying the privacy and open space of the acreage.
The undeniable centerpiece of the property is the massive red steel insulated workshop. Multiple electric overhead doors provide convenient access for vehicles, equipment, trailers or recreational toys, while the expansive interior offers endless possibilities for automotive enthusiasts, collectors, entrepreneurs or anyone needing serious workspace. Inside, the private office and additional full bath create an ideal setup for working from home or operating a business without sacrificing space inside the residence. Additional storage above the office adds even more functionality and offers the potential for a future finish-out.
With gated privacy, 1.7 fenced acres, exceptional outdoor living, a one-of-a-kind workshop and an impressively low total property tax rate of just 1.5062%, this distinctive Poetry Ranch property offers the freedom, versatility and elevated Texas lifestyle that are increasingly difficult to find.
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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 17, 2026 | Sold | ||
| Sold | |||
| Aug 24, 2026 | In contract | - | |
| In contract | |||
| Aug 13, 2026 | Listed by CENTURY 21 Judge Fite Co. | $925,000 | |
| Listed by CENTURY 21 Judge Fite Co. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017