7550 Goodman Lane
About This Property
Enjoy this incredible opportunity to own your own beautiful piece of Texas! This expansive 22.8-acre tract in Azle, TX has been thoughtfully divided from the original parent tract and is now ready for its next visionary owner. Located within the highly regarded Azle ISD, this land offers the perfect balance of convenience and seclusion-just minutes from shopping, dining, and everyday essentials, yet completely removed from the hustle and bustle of city life.
As you enter the property, you'll immediately feel the privacy, peace, and wide-open tranquility that make this area so special. The land is flat, buildable, and entirely usable-no floodplain, no HOA, and no known restrictions-giving you unparalleled freedom to create whatever you envision. Whether you dream of building a custom estate, multi-home compound, or family ranch, this property offers limitless potential.
Every evening, enjoy the breathtaking Texas sunsets that stretch across the horizon, painting the sky in unforgettable colors as you unwind in your own private retreat. The peaceful surroundings and natural beauty make this an extraordinary setting for anyone seeking space, serenity, and the freedom to design their land to fit their lifestyle.
No flood plain. No HOA. No restrictions. Just pure Texas land-ready and waiting for its new owner. Opportunities like this rarely come along in such a desirable location. Come experience the sunsets, the space, and the potential for yourself!
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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 |
|---|---|---|---|
| Jul 29, 2026 | Price Decreased |
$749,500
↓ $72K
(8.7%) | |
| Price Decreased | |||
| Mar 25, 2026 | Relisted | $821,052 | |
| Relisted | |||
| Mar 19, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Relisted | $821,052 | |
| Relisted | |||
| Mar 9, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017