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Photo 1 of 29: View of property exterior featuring concrete driveway, a garage, and a metal roof
View of property exterior featuring concrete driveway, a garage, and a metal roof
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5232 W Cove Drive, Terlton, OK 74081

Pawnee County

Key Facts

3Beds
2Baths
1,692Sq Ft
1978Year Built
1.35Lot (acres)
2Garage

Description

Excellent investment opportunity on 1.35 acres with direct adjacency to Keystone Lake. This 3 bedroom, 2 bathroom home offers strong upside for the right buyer—whether you’re looking to renovate, flip, or hold as a long-term rental or lake getaway. The structure has solid bones but will need updates and repairs, giving investors the freedom to add value and customize to their strategy. The acreage, privacy, and lake access make this property a rare find in a high-demand recreational area. Property is being sold as-is, where-is.

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Style

Other

Year Built

1978

Living Area

1,692 sq ft

Lot Size

1.35 acres

Garage Spaces

2

MLS® Listing#

1218606

Property Features

Cooling

Central AirElectric

Heating

Natural Gas

Fireplace

Wood Burning

Pool

See Remarks

Construction

Stone

Foundation

Slab

Roof

Composition

Other Structures

Outbuilding

Schools

Elementary:
Mannford Lower ES,Mannford Upper ES
Middle:
Mannford MS
High:
Mannford HS

Financial Details

Parcel Number

5232WCove74081

Directions

Start in Mannford head west on OK-51 until you reach OK-48. Turn right (north) onto OK-48. Continue north briefly, then turn left (west) toward W Cove Dr. Follow W Cove Dr until you reach home.

Affordability Calculator

$44,940

Estimated monthly payment

$1,196/mo

Principal $179,760 · Est. interest $250,781 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Terlton, OK

$285,714
Median Listing Price
53
Median Days on Market
1,871
Median Sq Ft
$135
Median Price / Sq Ft
12
Active Listings
  • This home’s price is 21% below the area median.
  • Its price per sq ft is 2% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Terlton, OK.

Location

Map showing the location of 5232 W Cove Drive, Terlton, OK 74081

Points of Interest in Terlton, OK

Showing the Terlton area map.

Nearby Schools

  • Alpha Sprouts Day School

    School · 3.8 mi away

  • Mannford Upper Elementary

    Elementary · 4.8 mi away

  • Mannford High School

    Secondary · 4.9 mi away

  • Mannford Elementary School

    Elementary · 5.0 mi away

  • Mannford Middle School

    Elementary · 5.0 mi away

  • Keystone School

    Elementary · 8.5 mi away

  • Jennings Public Schools

    Elementary · 9.5 mi away

  • First Christian Church

    Elementary · 9.6 mi away

  • Cleveland Head Start

    School · 9.8 mi away

  • Cleveland Public Schools

    Elementary · 10.0 mi away

  • Cleveland High School

    Secondary · 10.1 mi away

  • Olive High School

    Secondary · 11.6 mi away

  • Anderson Public School

    Elementary · 11.9 mi away

  • Oilton High School

    Secondary · 12.2 mi away

  • Bethany Christian Academy

    School · 14.9 mi away

  • Clyde Boyd Middle School

    Secondary · 15.8 mi away

  • Lake Country Christian School

    Elementary · 15.8 mi away

  • Pratt Elementary

    Elementary · 15.9 mi away

  • Hominy Middle School

    School · 16.1 mi away

  • Hominy

    School · 16.1 mi away

Commute Calculator

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Nearby Homes

Similar Homes Nearby

Similar Home Values

Comparable nearby listings and their asking prices.

AddressPriceBedsBathsSq Ft
5314 W Lake Drive, Terlton, OK$185,000331,588
57335 S 36700 Road, Terlton, OK$215,000321,900
1013 S 433rd Avenue W, Terlton, OK$225,000321,865
1819 S Overlook Drive, Terlton, OK$245,000221,032

Moving Cost Estimate

EXIT Agents in Terlton

Oklahoma City Metropolitan Association of REALTORS, Inc logo

Listing Courtesy: One Broker Place - 4055333800

Presented by: Jason Utley

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Data provided by MLSOK. MLS® Listing#1218606. © 2026EXIT Realty®. All rights reserved.