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$2,468,000

8928 Locust Rd, Big Sandy, TX, 75755

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths3,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$822.67 / sqft
Year BuiltBuilt in 2020

About this property

TWO PONDS RANCH, 30 ACRE TURNKEY PROPERTY NESTLED IN THE PINEY WOODS OF EAST TEXAS! Welcome to Two Ponds Ranch, a one-of-a-kind 30-acre property offering an exceptional combination of residential living, recreation, guest accommodations, and income-producing potential. Fully furnished and equipped, this versatile property is ready for its next chapter as a wedding venue, retreat center, campground, RV park, vacation rental destination, or private ranch. The property features five fully furnished cabins, each with a bedroom, bathroom, kitchen, and loft. The approximately 3,000-square-foot main house offers an updated kitchen and bathrooms, newer roof, and oversized three-car garage. An additional 1,500-square-foot guest cottage includes two bedrooms, a full bath, kitchen, and laundry. Recreational amenities include two spring-fed ponds, an 18-hole disc golf course, a covered and lighted basketball/pickleball court, playset, picnic pavilion, and food truck, along with a 14' x 70' fully insulated, heated, and cooled recreation building featuring a full kitchen and two bathrooms. Infrastructure includes a deep-water well and filtration system supplying the entire property, two Generac generators, and a 14' x 70' shop with heated and cooled office. The ranch is fenced and cross-fenced, with grazing pasture, a new gravel road, separate gated entrance from main house, and newly constructed bridge. Uniquely Ideal for weddings, special events, corporate retreats, cabin rentals, camping, outdoor recreation, or a private family compound, Two Ponds Ranch offers remarkable versatility and opportunity. Sold fully equipped and ready for its next owner, this exceptional property offers the potential for immediate income production. 30 acres. Two spring-fed ponds. Endless possibilities.

Investor Tools

$0Estimated Mortgage Balance
$981,880Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,808 /month
Positive
Cash Flow Estimate:
$4,936 /month

Interested in this property?

Nathan Foreman

Nathan Foreman Real Estate, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,604/month
No HOA
5.947%

City: Big Sandy

8928 Locust Rd | Property Details | No Agent List