8649 River Hills Road
About This Property
The main residence offers spacious living areas and the comfort and privacy of an estate setting, while the secondary home provides a separate and versatile living space. Adding to the property's functionality are two substantial shops, offering abundant room for vehicles, equipment, hobbies, a workshop, storage, or business-related needs.
Outdoor living takes center stage with a spectacular diving pool and spa complete with a slide, creating the ultimate setting for entertaining, relaxing, and enjoying Texas summers. With 12.5 acres to explore, the possibilities are endless-from animals and recreation to simply enjoying the privacy and open space that acreage living provides.
Located in sought-after Godley, Texas, this property offers the freedom of country living without sacrificing convenience. Outside the city limits, ag exempt, two homes, two shops, and a resort-style pool make this a truly unique opportunity for those looking for space, flexibility, and privacy.
12.5 ACRES AG EXEMPT OUTSIDE CITY LIMITS TWO HOMES TWO SHOPS DIVING POOL & SPA SLIDE GODLEY, TX
A property like this doesn't come along often-come experience the possibilities 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 |
|---|---|---|---|
| Sep 10, 2026 | Listed by x2 Realty Group | $1,700,000 | |
| Listed by x2 Realty Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017