Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two Acre Lot in Sanger Title is generated by Realmo AI

    1051 Lakeway Drive, Sanger, TX 76266

    View on Map
    Claim this Listing
    For Sale
    $425,000

    Improved Land - Sanger, TX

    Lot size:
    2.00 Acres
    Added:
    Feb 4, 2026
    Days on Market:
    118
    Last Refresh:
    Jun 2 at 3:06 am

    Property Features for 1051 Lakeway Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R1046580
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Expense value
    2000
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Lake Front, Lake Front – Corps Of Engineers, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Koleno

    Listing agent Steve Koleno License #0779766

    Listing office Beycome Brokerage Realty LLC 5701 Sunset Dr, Miami, TX

    Listing date Feb 4, 2026

    MLS# 21113884 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.

    HighLights

    • Two‑acre lot in an exclusive gated community
    • Enjoy lake views and waterfront access
    • Located near a marina and public boat launch on Lake Ray Roberts
    • No city taxes
    • Lot 6 offers over 260' of frontage, accommodating various floorplans, accessory units, and pools
    • Opportunity to build a custom dream home

    Overview

    This property features a 2-acre lot within the gated community of Palomino Bay, which comprises 23 two-acre lots. Situated along the shoreline of Lake Ray Roberts in Sanger, Texas, the location offers proximity to the local marina and public boat launch, located across the street. Lot 6 includes over 260 feet of frontage, accommodating various floor plans, accessory units, and pools. The property is not subject to city taxes.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sanger
    County
    Denton
    State
    Texas
    Longitude
    -97.1125227
    Latitude
    33.3831053

    Nearby Similar for Sale

    • $3,000,000
      5,416 SF

      Sanger Estate with Clear Creek Frontage

      61+ acre estate with two homes, barn, arena, and workshop.
      10902 Clear Creek Road W, Sanger, TX 76266
      View Details
    • $1,125,000
      3,532 SF

      Texas Estate with Acreage

      Luxury country living on nearly 40 acres in Sanger, TX.
      11170 Clear Creek Road W, Sanger, TX 76266
      View Details
    • $1,250,000

      Turnkey Event Venue on Acres

      Event venue on 3.7 acres in Sanger, Texas.
      18351 Creekview Road, Sanger, TX 76266
      View Details
    • $399,000

      Commercial Land Parcel in Sanger, TX

      Commercial land parcel with high visibility and convenient access.
      413 Hughes Street, Sanger, TX 76266
      View Details
    • $3,000,000
      5,416 SF

      Sanger Ranch with Creek Frontage

      61+ acre ranch estate with two homes and equestrian facilities.
      10902 Clear Creek Road W, Sanger, TX 76266
      View Details
    • $649,000
      2,480 SF

      Sanger, TX Farm/Ranch Opportunity

      16+ acre Sanger, TX property with endless possibilities.
      1795 Melton Road, Sanger, TX 76266
      View Details
    • $2,750,000

      Development-Ready Land I-35 Frontage

      7.17-acre commercial tract with I-35 frontage road access.
      2824 E Milam Road, Sanger, TX 76266
      View Details
    • $685,000

      Commercial Land in High-Growth Area

      Unimproved commercial land in a rapidly developing area.
      901 N 6th Street, Sanger, TX 76266
      View Details
    • $1,769,000
      1,800 SF

      Equestrian Estate with New Barn

      95+ acre Sanger, TX equestrian estate near FM 455 & I-35.
      11007 Fm 2450, Sanger, TX 76266
      View Details
    • $595,000

      Lake Ray Roberts Ready-to-Build Lot

      3.28 acre corner lot near Lake Ray Roberts.
      11504 Jones Road, Sanger, TX 76266
      View Details
    • $4,999,999
      2,000 SF

      300-Acre Ranch with Highway Access

      Prime Texas ranch property suitable for cattle or commercial ventures.
      12370 Fortenberry Road, Sanger, TX 76226
      View Details
    • $2,750,000

      Sanger, TX Commercial Land

      7.17-acre commercial tract with I-35 frontage road access.
      2824 Milam Road E, Sanger, TX 76266
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two-acre lot in gated community near Lake Ray Roberts.
    Where is this residential land & home lot located?
    The property is located at 1051 Lakeway Drive Sanger, TX.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Two‑acre lot in an exclusive gated community; Enjoy **lake views and waterfront access**; Located near a marina and public boat launch on Lake Ray Roberts
    (312) 554-5478
    We can help!
    Listing Contact
    Steve Koleno
    Real Estate License ID: 0779766
    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

    Thank You for Inquiry
    1051 Lakeway Drive, Sanger, TX 76266
    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!