2505 48Th Ave Norman, OK 73026
This exceptional 195-acre property in Norman, Oklahoma, presents a unique investment opportunity. The centerpiece is a stunning two-story mansion boasting floor-to-ceiling windows, vaulted ceilings, and breathtaking lake views. The mansion's interior features a grand foyer, living room with fireplace, an indoor rock koi pond with waterfall, and a formal dining area. The east wing includes a primary suite with fireplace, two walk-in closets, a luxurious bathroom featuring a new sauna and a double-head glass and marble shower, and a 1,200 sq ft study with its own fireplace and entrance. The west wing offers an entertainment-sized kitchen with granite countertops, a double oven, Sub-Zero refrigerator, and chef-style storage. A tri-level guest/nanny's quarters includes an underground wine cellar/game room that doubles as a storm shelter for 50 people, and two additional bedrooms as large as the primary suite, accessible via a curved white oak staircase. The ranch also includes ranch hand quarters (a 2-bed/2-bath mobile home) accessed via a second gated entrance. In total, the property offers 4 bedrooms, 5 full baths, 4 half baths, and 4 fireplaces. Extensive outdoor amenities cater to both equestrian and agricultural pursuits. Equestrian facilities include a 120x210 arena, a 60" covered round pen, and a 126x40 horse barn with 14 stalls, an office, and vet facilities. Agricultural structures include an 86x56 north metal barn with 12 open stalls, an 80x46 south metal shop with a 134x40 attached hangar and hay lean-to. The property also features a 12-acre lake and Bermuda grass yielding an average of 500 round bales annually. The land is already divided into multiple pastures with multiple street entrances, making it ideal for high-end residential development. The property's APN is R0068243 & R0068238. Zoned for agriculture, this prestigious estate is ready for its next chapter.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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