Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lot on Big Bay Lake Title is generated by Realmo AI

    00 Ella Point, Lumberton, MS 39455

    View on Map
    Claim this Listing
    For Sale
    $244,900

    Vacant Land - Lumberton, MS

    Lot size:
    0.47 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    72
    Last Refresh:
    May 30 at 7:06 pm

    Property Features for 00 Ella Point

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    1472-26-002.004
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2616
    Expense value
    133
    Expense
    Home Owner Assessments Fee

    Utilities

    Water front features
    Wflake, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dewayne Atkinson

    Listing agent Dewayne Atkinson

    Listing office SmallTown Hunting Properties & Real Estate LLC 2121 5th St STE 206, Meridian, MS

    Listing date Mar 20, 2026

    MLS# 11679593 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Build‑ready: Complete set of approved architectural plans included (house, garage, boat shed/dock).
    • Premium Waterfront Lot: Enjoy wide‑open big‑water views on Big Bay Lake in Red Canoe Phase 1 Subdivision.
    • Professionally‑built Seawall: Provides a major advantage.
    • Quiet Cul‑de‑Sac Location: Situated on Ella Point.
    • Generous Building Footprint: 0.47± acre lot with gentle slope and mature trees.
    • Access to Big Bay Lake Amenities: Boating, fishing, skiing, and year‑round recreation.

    Overview

    This 0.47-acre waterfront lot is located in the Red Canoe Phase 1 Subdivision on Big Bay Lake in Lamar County, Mississippi. Situated on Ella Point at the end of a quiet cul-de-sac, Big Bay Lot 27 offers wide open big-water views. The property includes a professionally-built seawall. The sale includes a complete set of approved architectural plans for a house, garage, and boat shed/dock. The lot features a generous building footprint with a gentle slope toward the water, surrounded by mature trees. Red Canoe is known for its peaceful setting, protective covenants, and access to amenities for boating, fishing, skiing, and year-round recreation. Utilities are available. This lot is suited for a full-time home or a weekend retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Lumberton
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.57365
    Latitude
    31.1947

    Nearby Similar for Sale

    • $1,450,000
      10,323 SF

      Turnkey Wedding and Event Venue

      Family-owned venue with lodging, commercial kitchen, and multiple ceremony locations.
      234 Rutledge Rd., Lumberton, MS 39455
      View Details
    • $489,000
      21,000 SF

      Versatile Commercial Property in Lumberton

      Former Bass Pecan location ideal for various commercial uses.
      824 Old Hwy 11, Lumberton, MS 39455
      View Details
    • $425,000
      500 SF

      Waterfront Property with Boat House

      Waterfront property on Big Bay Lake with two-slip boathouse.
      20 Branch banks South, Lumberton, MS 39455
      View Details
    • $199,000
      5,000 SF

      Lumberton Pasture Land with Barn

      29.47 acres of pasture land with barn and utilities.
      29.47 Acre Highway 13, Lumberton, MS 39455
      View Details
    • $136,000

      Waterfront Lot in Gated Community

      Waterfront lot in Big Bay Lake, Lumberton, MS.
      5 Gum Reed Point, Lumberton, MS 39455
      View Details
    • $102,000

      Lumberton Land with Highway Frontage

      19.4-acre tract with highway frontage, ideal for development or investment.
      163 Piatonia, Lumberton, MS 39455
      View Details
    • $350,000

      100 Acres of Wildlife Haven

      100 acres with abundant wildlife, lakes, and potential homesites.
      5279 Highway 13, Lumberton, MS 39455
      View Details
    • $350,000

      100 Acres of Recreational Land

      100 acres with abundant wildlife and stocked lakes.
      5279 Highway 13, Lumberton, MS 39455
      View Details
    • $108,000
      2,100 SF

      Land with New Metal Building

      One-acre property with new metal building near I-59.
      26 PECAN DR, Lumberton, MS 39455
      View Details
    • $140,000

      Lumberton Land with Paved Frontage

      16.72 acres in Lamar County, ideal for homesites.
      16.72 Ac. Courtney Rd., Lumberton, MS 39455
      View Details
    • $210,000

      Waterfront Lot on Big Bay Lake

      Waterfront lot on Mississippi's largest private lake.
      Lot # 34 Lure Line, Lumberton, MS 39455
      View Details
    • $449,000

      92 Acres Lumberton Homesite Potential

      92 acres in Pearl River County with timber and wildlife.
      Ben Byrd Road, Lumberton, MS 39455
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Build-ready waterfront lot with approved plans on Big Bay Lake.
    Where is this waterfront land located?
    The property is located at 00 Ella Point Lumberton, MS.
    What is the asking price?
    The asking price for this property is $244,900.
    What are key features of this property?
    This property features: Build‑ready: **Complete set of approved architectural plans included** (house, garage, boat shed/dock).; **Premium Waterfront Lot:** Enjoy wide‑open big‑water views on Big Bay Lake in Red Canoe Phase 1 Subdivision.; Professionally‑built Seawall: Provides a major advantage.
    (769) 760-0005
    We can help!
    Listing Contact
    Dewayne Atkinson
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    00 Ella Point, Lumberton, MS 39455
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!