5201 W HIGHWAY 329
About This Property
The land features several elevated potential home sites, each providing a stunning panorama, ideal for building your dream home surrounded by picturesque views. Imagine waking up to a pastoral symphony every morning! The property is largely cleared with a charming spot earmarked for a pond, perfect for those who dream of adding a touch of aquatic bliss to their estate.
Practical perks? Check! A new well pump and on-site electricity mean you're all set to break ground, plant roots, or do both simultaneously. Located on a tranquil road in NW Marion County, just 20 minutes from the World Equestrian Center, this spot offers easy access to top-notch equestrian competitions and state-of-the-art facilities.
Whether you aim to raise prize-winning horses, enjoy the quiet of the countryside, or explore potential income avenues, this prized plot is your gateway to making those dreams a reality. It's not just land; it's a lifestyle waiting to happen. Why wait? Start sketching out those blueprints!
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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 |
|---|---|---|---|
| Aug 21, 2026 | Sold | ||
| Sold | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Feb 27, 2026 | Price Decreased |
$700,000
↓ $95K
(12%) | |
| Price Decreased | |||
| May 21, 2025 | Listed by PEGASUS REALTY & ASSOC INC | $795,000 | |
| Listed by PEGASUS REALTY & ASSOC INC | |||
| Mar 19, 2025 | Price Decreased |
$750,000
↓ $15K
(2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017