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

    215 Cove Side Court Honey Grove, TX 75446

    View on Map
    New
    For Sale
    $199,000

    Unimproved Land - Honey Grove, TX

    Type:Unimproved Land
    Lot size:
    1.00 Acre
    Added:
    Mar 28, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 2 at 8:06 am

    Property Features for 215 Cove Side Court

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    000000138487
    Lot size
    1.00 Acre

    Taxes and HOA fees

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Khristy Deaton

    Listing agent Khristy Deaton License #0547952

    Listing office Keller Williams Rockwall 550 Vigor Way Ste 200, Rockwall, TX

    Listing date Mar 28, 2026

    MLS# 21102960 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

    Land Near Bois d'Arc Lake

    This 1-acre property is located in The Peninsula, a new lake area community in Honey Grove, Texas, near the 17,000-acre Bois d'Arc Lake. The site is suitable for a weekend getaway or full-time residence. Residents have access to an amenity center featuring an infinity pool, fitness center, and clubhouse. Planned additions include a fenced dog park, picnic area, playground, multi-sport field, and community marinas. The location offers country living with proximity to nearby towns, fishing spots, and outdoor recreation.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Honey Grove
    County
    Fannin
    State
    Texas
    Longitude
    -95.9128
    Latitude
    33.6219

    Nearby Similar for Sale

    • $650,000

      Versatile Event Venue Opportunity

      Impressive event venue with potential for diverse business ventures.
      151 S 5th Street, Honey Grove, TX 75446
      View Details
    • $349,900

      Recreational Land Near Bois d'Arc

      4.5-acre recreational property near Bois d'Arc Lake.
      994 CR 2770, Honey Grove, TX 75446
      View Details
    • $399,500
      1,400 SF

      Honey Grove Farm/Estate For Sale

      14.5-acre farm with home, ponds, and outbuildings.
      4411 FM 100, Honey Grove, TX 75446
      View Details
    • $125,000

      Established Tire Shop in Honey Grove

      Profitable tire shop with equipment included, owner financing available.
      400 E Main Street, Honey Grove, TX 75446
      View Details
    • $259,000

      Honey Grove Commercial Property Opportunity

      Highway frontage property with potential for various business ventures.
      1502 W Main St Street, Honey Grove, TX 75446
      View Details
    • $599,900

      76.86 Acres in Honey Grove

      Versatile land ideal for livestock, recreation, or homesite.
      000 CR 36010, Honey Grove, TX 75446
      View Details
    • $399,500

      14.5 Acres with Home and Ponds

      14.5 acres with home, ponds, and FM road frontage.
      4411 Fm-100, Honey Grove, TX 75446
      View Details
    • $27,500

      Honey Grove Unimproved Land

      0.7449 acre lot near multiple lakes and recreational areas.
      295 James Fannin Road, Honey Grove, TX 75446
      View Details
    • $149,999

      8 Acres Near Bois d'Arc

      8 acres of wooded land near FM1396 boat ramp.
      0800 CR-2765, Honey Grove, TX 75446
      View Details
    • $650,000

      Honey Grove Unimproved Land Parcel

      40.5 acre corner lot near Bois d' Arc lake.
      Tbd Fm-1396, Honey Grove, TX 75446
      View Details
    • $157,500

      Honey Grove Land Near Creek

      9-acre land near Honey Grove Creek, suitable for recreation.
      9 CR 2770, Honey Grove, TX 75446
      View Details
    • $999,999

      Highway Frontage Land Investment Opportunity

      34+ acre parcel on Highway 82 near Bois d’Arc Lake.
      Tbd Us-82, Honey Grove, TX 75446
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Unimproved land in Honey Grove's newest lake community.
    Where is this residential land & home lot located?
    The property is located at 215 Cove Side Court Honey Grove, TX.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Located in The Peninsula, a new lake community on Bois d'Arc Lake (17,000 acres).; Access to amenity center with infinity pool, fitness center, and clubhouse.; Ideal for weekend getaway or full‑time residence.
    (972) 772-7000
    We can help!
    Listing Contact
    Khristy Deaton
    Real Estate License ID: 0547952
    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!