6056 Bobwhite Rd, 40.09 Acres
About This Property
The custom 3,420 sq. ft. home features 5 bedrooms and 3 bathrooms, designed for comfort and style. Every room boasts natural light and water views of the two large, stocked lakes. The kitchen is an entertainer's dream with double ovens, a copper farmhouse sink, leathered granite countertops, a 5-burner cooktop, and a large island. The open-concept layout flows into a dining area and vaulted living room with a brick fireplace and panoramic views.
The luxurious upstairs master suite offers dual walk-in closets, a spa-like bath with soaker tub, multi-head shower, and direct access to a 15x38 ft. balcony overlooking pastures and lakes. A second primary bedroom with ensuite bath and walk-in closet is located downstairs, providing flexible living arrangements.
Step outside to enjoy the custom heated gunite pool with hot tub, waterfall, and diving rock, along with both covered and open patio spaces-ideal for entertaining under the East Texas sky.
The land is fully fenced and cross-fenced with working pens, loading chute, and rich pastures of Bermuda and Bahia grass. Wildlife is abundant, and the lakes offer excellent fishing and recreation.
A 5,400 sq. ft. insulated barn includes three storage rooms, equipment bays, a chic chicken coop, and a 1,200+ sq. ft. climate-controlled guest quarters with full bath, kitchen, living area, and loft bedroom-perfect for guests, family, or rental income.
Only minutes from Gilmer, Longview, and Tyler-with high-speed Fiber Optic internet-this property is ideal for remote work, ranch life, or luxurious country living.
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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 |
|---|---|---|---|
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Aug 6, 2025 | Delisted | - | |
| Delisted | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Jul 18, 2025 | Price Decreased |
$1,190,000
↓ $50K
(4%) | |
| Price Decreased | |||
| Jul 10, 2025 | Price Decreased |
$1,240,000
↓ $25K
(2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017