171 Bowen Ln Van Alstyne, TX 75495
This exceptional 18.5-acre property in Van Alstyne, Texas, offers a unique blend of luxury living and lucrative investment potential. The property features two custom homes, a converted barn ideal for weddings and events, complete with a kitchen, two new bathrooms, and a pickleball court. The main house and 3-bedroom guest house boast expansive porches. Currently operating as a successful Airbnb, this turnkey estate presents a compelling opportunity for passive income. Additional amenities include RV hookups with 50-amp power and a dump station, along with high-speed fiber optic internet. Built in 2005, the single-story complex encompasses 4,107 square feet and sits on a spacious lot. The property is ag-exempt and boasts breathtaking views from its hilltop location. No deed restrictions apply. The asking price is $1,690,000. Note: This property is being sold through a structured sales process with a final offer date of November 24, 2024. Showings are by appointment only during designated time slots.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.