825 Spyglass Drive
About This Property
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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%.
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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 5, 2026 | No longer available | - | |
| No longer available | |||
| Jul 2, 2024 | Listed by Century 21 Mike Bowman, Inc. | $39,500 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
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Discover P.K.: Three spacious lots directly across from the Spyglass Pool at The Cliffs Resort on Possum Kingdom Lake. Lots 17, 18, & 19. 825, 835, and 845 spyglass. These flat, level lots feature some trees and back up to a historic Palo Pinto Ranch, ensuring no rear neighbors. Kids can easily walk or bike to the pool, which is adjacent to a pavilion equipped with BBQ facilities and restrooms, perfect for family gatherings or class reunions. This package includes 72 complimentary rounds of golf on The Cliffs Championship Golf Course, as well as access to the driving range, restaurant, hotel discounts, and numerous other amenities. There is no time limit for building on the lots. Property owners also have access to Cliffs Marina slips and enjoy 24-hour manned front gate security. Lots are listed together but sell will sell separately.
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| Apr 6, 2022 | Sold | ||
| Sold | |||
| Dec 21, 2020 | Listed by Coldwell Banker Realty | $50,000 | |
| Listed by Coldwell Banker Realty | |||
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Experience P.K. 3 full sized lots across from the Spyglass Pool in The Cliffs Resort at Possum Kingdom Lake. The lots are flat & level with some trees. The rear of each lot backs up to a historic Palo Pinto Ranch, so there are no back neighbors. The kids can walk or ride bikes to the pool. A pavilion with BBQ facilities & rest rooms adjoins the pool area for family gatherings or class reunions. The package comes with 72 complementary rounds of golf on The Cliffs Championship Golf Course, driving range, restaurant & hotel discounts & many more amenities. There is no time limit for when the lots have to be built upon. Cliffs Marina slips are available to property Owners. 24 hour manned front gate security.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017