Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront Lot with Deeded Slip Title is generated by Realmo AI

    254 Timberland Heights, Windom, TX 75492

    View on Map
    Claim this Listing
    For Sale
    $399,900

    LAND - Windom, TX

    Lot size:
    1.18 Acres
    Added:
    Feb 4, 2026
    Days on Market:
    119
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 254 Timberland Heights

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    141715
    Lot size
    1.18 Acres

    Taxes and HOA fees

    Tax Description
    THE HARBOR AT FIVE POINTS, LOT 152, ACRES 1.18

    We can help!

    Listing Contact
    David Ogletree

    Listing agent David Ogletree License #0620676

    Listing office RE/MAX Visionary Bonham, TX

    Listing date Feb 4, 2026

    MLS# 21128109 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

    • Interior lot in the brand‑new Five Points Development at Bois d'Arc Lake
    • Deeded private boat slip #19 at the private marina, included with the lot
    • Secure marina slip for your lake toys, with professionally managed management by the Property Owners Association
    • Amenities include a multi‑million dollar clubhouse with an Infinity Pool
    • Five Points community offers short‑term rentals with some light restrictions (per listing remarks)
    • Putt‑putt golf on site and access to amenities while using nearby public boat ramps

    Overview

    This interior lake lot in the brand-new Five Points Development at Bois d'Arc Lake includes deeded boat slip #19 at the private marina, providing a dedicated, secure place for your watercraft. The listing also notes the seller’s openness to selling lease rights for boat slip #19 to another lot owner within the Five Points community as allowed by the POA.

    The property is located at 254 Timberland Heights in Windom, TX (Fannin County). The community is described as offering access to premium amenities, including a multi-million dollar clubhouse with an Infinity Pool and putt-putt golf, along with the ability to use nearby public ramps. The Property Owners Association is noted as professionally managing the marina and related services.

    For buyers seeking lake lifestyle, this combination of a lake lot plus an assigned slip is positioned to support personal recreation and weekend use, with the development also allowing short-term rentals subject to some light restrictions. As always, buyers and buyer’s agents are encouraged to verify all information provided in the listing.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Windom
    County
    Fannin
    State
    Texas
    Longitude
    -96.0058
    Latitude
    33.5659

    Nearby Similar for Sale

    • $600,000
      8,260 SF

      Historic Mixed-Use Restaurant Property

      Fully operational restaurant with restored buildings plus a renovated upstairs residence for an owner-operator or investor setup.
      414 Main Street, Windom, TX 75492
      View Details
    • $199,000

      Residential Land with Lake Access

      Build a future home or retreat on private acreage near Bois d'Arc Lake, with utility access through Bois d'Arc MUD.
      County Rd 2980, Windom, TX 75492
      View Details
    • $549,900

      Dock-Capable Lakefront Land Lot

      Dock-capable lake access with expansive views and flexible build options in a growing North Texas lake community.
      220 Lakeshore Lane, Windom, TX 75492
      View Details
    • $699,900

      Dock-Capable Lakefront Homesite

      Expansive, dock-capable lot in a newly developed community with lake views and paved-road access.
      380 Harborside Terrace, Windom, TX 75492
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Build-ready lake property in Five Points Development with a deeded private boat slip at the community marina.
    Where is this waterfront land located?
    The property is located at 254 Timberland Heights Windom, TX.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Interior lot in the brand‑new Five Points Development at Bois d'Arc Lake; Deeded private boat slip #19 at the private marina, included with the lot; Secure marina slip for your lake toys, with professionally managed management by the Property Owners Association
    (903) 997-3629
    We can help!
    Listing Contact
    David Ogletree
    Real Estate License ID: 0620676
    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
    254 Timberland Heights, Windom, TX 75492
    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!