$480,000
●
Land -
Off Market
5587 Arrowhead Road
Possum Kingdom Lake, TX 76450
Studio
0 Bath
$576,879
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
Awesome Arrowhead Point is a rare jewel, a virtual diamond in the
rough so come out to PK when life gets tough. You'll enjoy the
Possum Kingdom Lake country and the waterfront views from this
deeded 1.258 acre home site with all of the end of the road privacy
at this beautiful location. This remote get-away has over four
hundred feet of shoreline with topography that includes natural
unique boulders, mature trees, panoramic multi directional lake
views with southern exposure, and over 20 feet of water under the
covered single slip floating boat dock. Co-op water and
electricity. Come out and just relax in your RV until you're ready
to build. Sweet spot for boating, bird-watching, exploring,
fishing, stargazing.
Unit Size
-
Days on Market
-
Land Size
1.26 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2022
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (NTREIS #14352039)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 26, 2021 | Sold | ||
| Sold | |||
| May 29, 2020 | Listed by Possum Kingdom Real Estate | $485,000 | |
| Listed by Possum Kingdom Real Estate | |||
| | |||
|
Awesome Arrowhead Point is a rare jewel, a virtual diamond in the rough so come out to PK when life gets tough. You'll enjoy the Possum Kingdom Lake country and the waterfront views from this deeded 1.258 acre home site with all of the end of the road privacy at this beautiful location. This remote get-away has over four hundred feet of shoreline with topography that includes natural unique boulders, mature trees, panoramic multi directional lake views with southern exposure, and over 20 feet of water under the covered single slip floating boat dock. Co-op water and electricity. Come out and just relax in your RV until you're ready to build. Sweet spot for boating, bird-watching, exploring, fishing, stargazing.
| |||
| Apr 7, 2020 | No longer available | - | |
| No longer available | |||
| Oct 17, 2019 | Price Decreased |
$485,000
↓ $14K
(2.8%) | |
| Price Decreased | |||
| Dec 21, 2018 | Listed | $499,000 | |
| Listed | |||
| | |||
|
Arrowhead Point is rare jewel and a diamond in the rough so come out to PK when life gets tough. You'll enjoy the Possum Kingdom Lake country waterfront views from this deeded 1.258 acre home site with all of the end of the road privacy at this beautiful location. This remote get-away has over four hundred feet of shoreline with topography that includes natural unique boulders, mature trees, panoramic multi directional lake views with southern exposure, and over 20 feet of water under the covered single slip floating boat dock. Existing utilities installed are electricity and water. Come out and just relax in your RV until you're to build. Sweet spot for boating, bird-watching, exploring, fishing, stargazing.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Palo Pinto
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Listed by: John Morris, Possum Kingdom Real Estate
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14352039
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14352039
Details provided by NTREIS and may not match the public record
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