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    Waterfront Land for Dream Home Title is generated by Realmo AI

    1010 Three Lakes Trail, Waxhaw, NC 28173

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    Claim this Listing
    For Sale
    $375,000

    LAND - Waxhaw, NC

    Lot size:
    10.18 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    77
    Last Refresh:
    Jun 2 at 10:06 am

    Property Features for 1010 Three Lakes Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    05-075002-D
    Lot size
    10.18 Acres

    Taxes and HOA fees

    Tax Description
    05-075-2002-D

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed
    Water front
    1

    We can help!

    Listing Contact
    Sharon Finch
    Sharon Finch

    Listing agent Sharon Finch

    Listing office Keller Williams Ballantyne Area 14045 Ballantyne Corporate Pl, #500, Charlotte, NC

    Listing date Mar 18, 2026

    MLS# 4358864 Listing URL

    Copyright © 2026 Canopy 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

    • Waterfront property with 766+ feet of lake frontage.
    • Large 10+ acre secluded lot for ultimate privacy.
    • Approved for a 4‑bedroom home with soil testing completed.
    • High elevation lot; no flood insurance required.
    • Access to riding/walking trails within the subdivision.
    • Located in a neighborhood of executive‑type luxury homes.

    Overview

    This is a 10+ acre waterfront plot of land available to build a dream home. The property is the first parcel on the right upon entering the private monitored gate, offering a secluded homesite for ultimate privacy. The entrance to the 10 acres creates a sanctuary-like atmosphere, winding through wooded land to an open view of the lake with over 766 feet of waterfront. The owner handpicked this site to build a private estate with separate living quarters, with a 2500 heated square feet minimum. The future home will have panoramic views of hardwoods and the privacy of the lots across the lake. The lot features a high elevation, eliminating the need for flood insurance. Soil Scientist Larry Thompson of Thompson Environmental Consulting, Inc. has performed soil core testing and approved an area for building a 4-bedroom home. He will assist the new owner in selecting a site for their home and designating a specific field for septic lines and a repair field according to their design and plans. Although no permit was filed, Larry Thompson can proceed with the new owner to submit a permit. The neighborhood features executive-type luxury homes and designated areas for riding trails and walking trails throughout the subdivision. The property is located in Waxhaw, NC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Waxhaw
    County
    Union
    State
    North Carolina
    Longitude
    -80.7283
    Latitude
    34.9191

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    FAQs

    What type of property is this?
    Waterfront Land - 10+ acre waterfront land to build your dream home.
    Where is this waterfront land located?
    The property is located at 1010 Three Lakes Trail Waxhaw, NC.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Waterfront property with **766+ feet of lake frontage**.; **Large 10+ acre secluded lot** for ultimate privacy.; Approved for a 4‑bedroom home with soil testing completed.
    (704) 400-5290
    We can help!
    Listing Contact
    Sharon Finch
    Sharon Finch
    Request Owner's contact information
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    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.

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