Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    000 Marion Drive Little Elm, TX 75068

    View on Map
    For Sale
    $455,000

    Unimproved Land - Little Elm, TX

    Type:Unimproved Land
    Lot size:
    0.29 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    85
    Last Refresh:
    Mar 31 at 3:06 pm

    Property Features for 000 Marion Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R44808
    Lot size
    0.29 Acres

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Stacey Leslie

    Listing agent Stacey Leslie License #0627984

    Listing office EXP REALTY 5605 N MacArthur Blvd., Austin, TX

    Listing date Jan 5, 2026

    MLS# 21018211 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Land on Lake Lewisville

    This property offers a unique opportunity to own waterfront land on Lake Lewisville without HOA restrictions, providing a canvas to build a custom home. Nestled in a natural setting, the 0.285-acre lot combines urban convenience with serene lake living. The property allows for the design and construction of a custom lakeside retreat, without architectural restrictions. The location provides access to shopping, dining, schools, and major highways. This property is located in Little Elm, TX, with easy access to the lake. It is one of the few remaining waterfront lots on Lake Lewisville.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Little Elm
    County
    Denton
    State
    Texas
    Longitude
    -96.937414
    Latitude
    33.156256

    Nearby Similar for Sale

    • $425,000

      Elm Ridge Office Investment

      1,250 SF office condo in Little Elm, Texas.
      2601 Little Elm Parkway, Little Elm, TX 75068
      View Details
    • $750,000

      Road-Front Retail Condo Investment

      Retail condo in Frisco's growing corridor, leased until 2033.
      25691 Smotherman Road, Little Elm, TX 75034
      View Details
    • $430,000

      Modern Office Suite For Sale

      New office suite near FM 720 and FM 423.
      2601 Little Elm Parkway, Little Elm, TX 75068
      View Details
    • $419,000

      Prime Office/Retail Location

      Excellent location suitable for various businesses, medical use, or retail.
      2601 Little Elm Parkway, Little Elm, TX 75068
      View Details
    • $900,000
      1,120 SF

      Eldorado Parkway Commercial Land

      Commercial land with frontage on Eldorado Parkway near Lake Lewisville.
      3885 W Eldorado Parkway, Little Elm, TX 75068
      View Details
    • $539,900
      2,982 SF

      Little Elm Duplex Opportunity

      Spacious duplex in a rapidly growing area with recent upgrades.
      430 Woodgrove Drive, Little Elm, TX 75068
      View Details
    • $549,000

      Lakefront Land in Little Elm

      Waterfront land with lake access and open-water views.
      1505 Hillcrest Drive, Little Elm, TX 75068
      View Details
    • $419,999

      Elm Ridge Corner Office Condo

      Corner office condo in Little Elm with numerous upgrades.
      2601 Little Elm street Parkway, Little Elm, TX 75068
      View Details
    • $499,999

      Little Elm Lakefront Land Opportunity

      Rare lakefront lot suitable for building a custom home.
      1116 Loneta Lane, Little Elm, TX 75068
      View Details
    • $925,000

      8 Acres in Little Elm

      8-acre property with barn, well, septic, and pond.
      891 Shahan Prairie Road, Little Elm, TX 75068
      View Details
    • $777,000

      Water View Land in Little Elm

      1.56 acres of undeveloped land with water views.
      0000 Izzy Lane, Little Elm, TX 75068
      View Details
    • $500,000

      Residential Land in Sunrise Bay

      1.48-acre lot ready for your dream home.
      3927 Spinnaker Run Point, Little Elm, TX 75068
      View Details

    FAQs

    What type of property is this?
    Land - Unrestricted waterfront property to build your dream home.
    Where is this land located?
    The property is located at 000 Marion Drive Little Elm, TX.
    What is the asking price?
    The asking price for this property is $455,000.
    What are key features of this property?
    This property features: Direct waterfront property on Lake Lewisville; No HOA restrictions, offering complete design freedom; Rare opportunity to own one of the few remaining waterfront lots
    (888) 519-7431
    We can help!
    Listing Contact
    Stacey Leslie
    Real Estate License ID: 0627984
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!