802 Private Road 1675
About This Property
The main home features 3 bedrooms and 2 bathrooms with a living room and a separate family room, providing plenty of space for everyday living and entertaining. The home has fresh paint throughout, and a flooring allowance allows the new owner to customize the interior to their taste. Step outside to enjoy the private swimming pool and fenced yard.
A second ranch-style home sits on the property as well, offering excellent potential as a rental, guest house, or multi-generational living space.
The land is highly functional and productive, producing abundance of coastal hay and currently fenced and cross-fenced for cattle. With two water wells, sandy soil, and open pasture, the property is well suited for livestock or easily converted into an equine setup with room for a barn and arena.
Additional highlights include: No restrictions, County road frontage on one side, Some floodplain located near the road, Sandy soil ideal for horses and livestock, and Beautiful setting in a desirable area
The seller will consider dividing the land in half, offering flexibility for buyers looking for a smaller tract or investment opportunity.
Whether you're looking for an Investment, working ranch, horse property, or income-producing setup, this property offers location, usability, and endless potential just minutes from Stephenville.
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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 1, 2026 | Price Decreased |
$1,750,000
↓ $150K
(7.9%) | |
| Price Decreased | |||
| Jun 15, 2026 | Price Decreased |
$1,900,000
↓ $300K
(13.6%) | |
| Price Decreased | |||
| Apr 8, 2026 | Listed by Majestic Realty Group | $2,200,000 | |
| Listed by Majestic Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017