Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cedar Creek Lake Waterfront Land Title is generated by Realmo AI

    173-l Tanglewood Drive, Mabank, TX 75156

    View on Map
    Claim this Listing
    For Sale
    $399,000

    Improved Land - Mabank, TX

    Property size:
    747 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $534/SF
    Added:
    Apr 22, 2026
    Days on Market:
    40
    Last Refresh:
    May 31 at 2:06 pm

    Property Features for 173-l Tanglewood Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Patio and Porch features
    Deck
    Exterior features
    Boat Slip, Covered Deck, Fence
    Dock
    1
    Fencing
    Fenced
    Standard status
    Active
    APN
    42950000044050
    Size
    747 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Expense value
    50
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    Space Heater
    Cooling system
    Ceiling Fan(s), Multi Units
    Water front features
    Lake Front, Lake Front – Main Body, Waterfront
    Water front
    1

    Building Details

    Year built
    1979
    Architectural style
    Other

    We can help!

    Listing Contact
    Mary Eubanks

    Listing agent Mary Eubanks License #0640273

    Listing office RE/MAX FRONTIER 803 W MAIN ST, MIDLOTHIAN, TX

    Listing date Apr 22, 2026

    MLS# 21191456 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

    • Rare opportunity on Cedar Creek Lake with panoramic, open‑water views.
    • Expansive water frontage with incredible sunset views.
    • Covered dock with lift included.
    • Prime waterfront lot situated on a quiet cul‑de‑sac.
    • Short term rentals are permitted.
    • 1970s site‑built lake cottage included (approximately 747 square feet).

    Overview

    This property presents a rare opportunity on the main body of Cedar Creek Lake, featuring panoramic, open-water views. Located on a quiet cul-de-sac in Mabank, TX, this waterfront lot offers expansive water frontage and sunset views. Included is a covered dock with lift and additional space for seating or a picnic table. A 1970s site-built lake cottage with approximately 747 square feet is also included and could be occupied as-is. The property's value lies in its open-water location and existing dock. Short term rentals are permitted. The property, situated on 0.138 acres in Henderson County, is to be sold AS-IS, with the seller making no repairs or concessions. Bring your boat and start enjoying the water immediately while you plan your vision for the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Law Firm Accounting Firm Hotel & Motel Kitchen & Bath Showroom Plumbing Service Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Mabank
    County
    Henderson
    State
    Texas
    Longitude
    -96.143599
    Latitude
    32.299404

    Nearby Similar for Sale

    • $1,100,000
      4,920 SF

      Premium Office Building on Highway

      Professional office building in Mabank, TX, near Cedar Creek Lake.
      15821 Highway 175, Mabank, TX 75143
      View Details
    • $999,000
      7,200 SF

      Highway 175 Commercial Building

      Versatile commercial building near Cedar Creek Lake on 0.503 acres.
      15821 E Highway 175, Mabank, TX 75143
      View Details
    • $449,000
      2,520 SF

      Move-in-Ready Office Space

      2520 SF office space in Mabank, TX for sale.
      1424 S 3rd Street, Mabank, TX 75147
      View Details
    • $385,000
      600 SF

      Mabank, TX Metal Garage Unit

      600 SF metal garage unit in high visibility location.
      608 W Mason Street, Mabank, TX 75147
      View Details
    • $849,000
      2,400 SF

      Off-Grid Acreage Barndominium Property

      Versatile acreage with barndominium designed for sustainable, self-sufficient living.
      15800 County Road 4009, Mabank, TX 75147
      View Details
    • $385,000
      600 SF

      Mabank Commercial Garage Unit

      600 SF metal garage unit in high-visibility location.
      608 W Mason St, Mabank, TX 75147
      View Details
    • $449,000
      2,520 SF

      Move-in-ready Office Space in Mabank

      2520 SF office space with excellent visibility in Mabank, TX.
      1424 S 3rd St, Mabank, TX 75147
      View Details
    • $2,300,000
      4,475 SF

      Mabank Ranch with Updated Home

      118-acre ranch featuring a renovated 4,475 SF home.
      2523 FM 90, Mabank, TX 75147
      View Details
    • $385,000
      600 SF

      Mabank, TX Improved Land

      Strategically located land with existing structure in Mabank, Texas.
      608 W Mason Street, Mabank, TX 75147
      View Details
    • $975,000
      1,850 SF

      Mabank Barndominium on 57+ Acres

      Barndominium on 57.5 acres near Cedar Creek Lake.
      800 Vz County Road 2807, Mabank, TX 75147
      View Details
    • $150,000

      Commercial Lot in Mabank, Texas

      Prime commercial lot with high visibility and heavy traffic.
      602 3rd St, Mabank, TX 75147
      View Details
    • $240,000
      2,400 SF

      Versatile Land with Metal Building

      4-acre property with building, pond, utilities near Cedar Creek.
      381 Paddock Drive, Mabank, TX 75156
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront land with dock on Cedar Creek Lake.
    Where is this waterfront land located?
    The property is located at 173-l Tanglewood Drive Mabank, TX.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Rare opportunity on Cedar Creek Lake with panoramic, open‑water views.; Expansive water frontage with incredible sunset views.; **Covered dock with lift included.**
    (469) 846-0123
    We can help!
    Listing Contact
    Mary Eubanks
    Real Estate License ID: 0640273
    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
    173-l Tanglewood Drive, Mabank, TX 75156
    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!