617 WALLACE Road
About This Property
5.72 acre estate, blending residential & agricultural zoning (T2). With valuable water irrigation rights, the property is a horse friendly & ready those seeking a versatile lifestyle. Surrounded by 278 mature pecan trees, an ideal setting for farming, recreation, or creating a dream country lifestyle.
Step inside to discover a home designed for functionality. The interior boasts cathedral ceilings & a cozy fireplace. The living space includes a breakfast area, formal dining, & additional seating area. With 4 bedrooms, 3 baths, dedicated office ideal for working from home, there is ample space for family & guests. Conveniently find a spacious laundry room, two double car garages, & solar panels for enhanced energy efficiency.
Entertaining is effortless with an outdoor kitchen, extra wide seating area, & an enclosed firepit. Easy access to a 1/2 bath further enhances convenience for gatherings. This estate offers country charm, making it a standout opportunity.
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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 | In contract | - | |
| In contract | |||
| Jul 9, 2026 | Price Decreased |
$995,000
↓ $105K
(9.6%) | |
| Price Decreased | |||
| Apr 16, 2026 | Listed by Sandy Messer And Associates | $1,100,000 | |
| Listed by Sandy Messer And Associates | |||
| Jan 4, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 21, 2025 | Listed by eXp Realty LLC | $1,150,000 | |
| Listed by eXp Realty LLC | |||
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Dreaming of wide‑open skies, pecan orchards, and cozy fireside nights? This custom one‑story ranch home on 5.72 acres checks all the boxes (and then some). Built in 2006, it has 2,787 sq ft of laid‑out living space, featuring 5 possible bedrooms and 3 bathrooms including 2 en-suite. Soaring ceilings, a gorgeous kitchen with granite countertops and stainless steel appliances at the heart of the home. Zoned primary suite retreat offers space and privacy. The star of the show is the outdoor kitchen area with pizza oven, firepit and your very own Temazcal! Low taxes and low utility bills with solar panels, irrigation and a domestic well on-site. Income producing pecan orchards!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017