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

    16 Lakeside Drive Montalba, TX 75853

    View on Map
    Claim this Listing
    New
    For Sale
    $189,900

    LAND - MONTALBA, TX

    Lot size:
    0.75 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 18 at 8:06 pm

    Property Features for 16 Lakeside Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Description
    RESERVE AT MONTALBA LOT 16
    Tax Annual Amount
    126

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Molly Hester

    Listing agent Molly Hester

    Listing office Heritage Property Group 1213 N Link St #1427, TX

    Listing date Apr 17, 2026

    MLS# 103263 Listing URL

    Copyright © 2026 Palestine Association of Realtors. 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 Lot in Gated Community

    This 0.75-acre waterfront lot is located in a gated neighborhood in Montalba, Texas. The property offers access to 112 acres of shared common grounds, including five stocked fishing ponds and walking trails. Deed restrictions are in place to maintain the neighborhood's appearance. The location benefits from minimal light pollution due to the Dark Sky Initiative, making it suitable for stargazing. Ownership includes access to a barn apartment for owners or their guests. The community is Airbnb-friendly, with existing short-term rentals performing well, making it suitable for accommodating guests for community events at the Montalba Reserve. This property is suited for a weekend retreat, investment property, or permanent residence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Montalba
    County
    Anderson
    State
    Texas
    Longitude
    -95.7526387
    Latitude
    31.8470362

    Nearby Similar for Sale

    • $700,000
      3,216 SF

      Montalba Farm and Ranch Property

      32.481 acre farm/ranch property in Montalba, Texas.
      1710 An County Road 463, Montalba, TX 75853
      View Details
    • $119,900

      Waterfront Lot in Gated Community

      0.75-acre waterfront lot with community amenities in Montalba, Texas.
      14 Lakeside Drive, MONTALBA, TX 75853
      View Details
    • $89,900

      Waterfront Lot in Gated Community

      0.75-acre waterfront lot with community amenities in Montalba, Texas.
      7 Lakeside Drive, MONTALBA, TX 75853
      View Details
    • $99,900

      Waterfront Lot in Gated Community

      0.75-acre waterfront lot with community amenities in Montalba, Texas.
      19 Lakeside Drive, MONTALBA, TX 75835
      View Details
    • $119,900

      Waterfront Lot in Gated Community

      0.75-acre waterfront lot with community amenities in Montalba, Texas.
      13 Lakeside Drive, MONTALBA, TX 75853
      View Details
    • $109,900

      Waterfront Lot in Gated Community

      0.75-acre waterfront lot with community amenities in Montalba, Texas.
      11 Lakeside Drive, MONTALBA, TX 75853
      View Details
    • $1,400,000
      2,418 SF

      East Texas Ranch with Equestrian Facilities

      52.515-acre ranch featuring equestrian facilities, guest residence, and multiple shops.
      810 E Fm 321, Montalba, TX 75853
      View Details
    • $119,900

      Residential Land in Gated Community

      Homesite in gated community with lake access near Palestine, TX.
      13 Lakeside Drive, Montalba, TX 75853
      View Details
    • $119,900

      Residential Land in Gated Community

      Homesite in gated community with lake access near Palestine, TX.
      14 Lakeside Drive, Montalba, TX 75853
      View Details
    • $89,900

      Montalba, TX Residential Lot

      0.75 acre residential lot in gated wilderness community.
      7 Lakeside Dr., Montalba, TX 75853
      View Details
    • $99,900

      Residential Land in Gated Community

      0.75 acre residential lot in Montalba, Texas.
      19 Lakeside Dr., Montalba, TX 75853
      View Details
    • $109,900

      Montalba, TX Residential Land

      Residential land in a gated East Texas wilderness community.
      11 Lakeside Dr., Montalba, TX 75853
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 0.75-acre waterfront lot with community amenities in Montalba, Texas.
    Where is this waterfront land located?
    The property is located at 16 Lakeside Drive Montalba, TX.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: Waterfront lot in a gated community with **112 acres of shared common grounds**.; Enjoy **access to five fully stocked fishing ponds and walking trails**.; Airbnb‑friendly community with strong short‑term rental performance.
    (936) 581-9041
    We can help!
    Listing Contact
    Molly Hester
    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!