G-0073 Baker Road
About This Property
The property is set back from the road, providing a natural buffer for peace and privacy. Located just 5 miles from the new toll road, this parcel is positioned within a blossoming growth area where developers are actively acquiring land. It sits just 10 miles between Tioga and Gunter, and Buck Creek is just across the road, flowing toward Lake Ray Roberts-offering proximity to recreation without flood zone concerns.
Enjoy the benefits of a current Ag exemption for low taxes, and take advantage of 50% conveyed mineral rights with decision-making authority-a rare and valuable asset. Whether you're looking for land to farm, hold, develop, or build on, this property delivers on location, utility, and upside.
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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 |
|---|---|---|---|
| Jan 7, 2026 | Listed by Summit Cove Realty, Inc. | $1,999,999 | |
| Listed by Summit Cove Realty, Inc. | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Jun 24, 2025 | Listed by Summit Cove Realty, Inc. | $1,999,999 | |
| Listed by Summit Cove Realty, Inc. | |||
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Incredible 19.7-Acre Opportunity in the Heart of North Texas Growth Corridor! This rare 19.70-acre tract in Pilot Point offers the perfect blend of privacy, elevation, and potential—ideal for farming, building your dream estate, or future development. With paved road access on Baker Road and utilities available, this property is ready for your vision. Well-established pecan trees add natural beauty and shade, while the gentle hilltop elevation offers stunning views over the surrounding landscape—set above neighboring parcels for added exclusivity.
The property is set back from the road, providing a natural buffer for peace and privacy. Located just 5 miles from the new toll road, this parcel is positioned within a blossoming growth area where developers are actively acquiring land. It sits just 10 miles between Tioga and Gunter, and Buck Creek is just across the road, flowing toward Lake Ray Roberts—offering proximity to recreation without flood zone concerns.
Enjoy the benefits of a current Ag exemption for low taxes, and take advantage of 50% conveyed mineral rights with decision-making authority—a rare and valuable asset. Whether you're looking for land to farm, hold, develop, or build on, this property delivers on location, utility, and upside.
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| Apr 2, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Aug 21, 2024 | Listed by Summit Cove Realty, Inc. | $2,000,000 | |
| Listed by Summit Cove Realty, Inc. | |||
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Stunning Hilltop Ag-Exempt Property with Mineral Rights & Prime Location! This exceptional property, perched on a high point in the area, offers breathtaking views over the surrounding flatlands. Located just 5 miles from the toll road and 1 mile south of FM 121, it combines convenience with tranquility. With ag-exempt status, last year’s taxes were a mere $54, making it an incredible value. Additionally, the property includes 50% mineral rights, giving you significant control over its resources. Whether you're seeking an investment with potential or a peaceful retreat with stunning vistas, this property is a rare find. Also has been great for hunting dove over the years!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017