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    Resort Golf Course Lot Title is generated by Realmo AI

    32C Coyote Springs Court, Gordonville, TX 76245

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    For Sale
    $395,000

    LAND - Gordonville, TX

    Lot size:
    1.04 Acres
    Added:
    Aug 20, 2025
    Days on Market:
    288
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 32C Coyote Springs Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    450071
    Lot size
    1.04 Acres

    Taxes and HOA fees

    Tax Description
    CASTLE PINES PHASE 2 ADDITION, BLOCK C, LOT 3
    Tax Annual Amount
    1245

    Utilities

    Sewer type
    Private Sewer
    Water source
    Private
    Water front features
    Creek
    Water front
    1

    We can help!

    Listing Contact
    Danna Smith

    Listing agent Danna Smith License #0473510

    Listing office Smith & Kelly Group, LLC Gordonville, TX

    Listing date Aug 20, 2025

    MLS# 21026131 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

    • Over 1‑acre lot in Rock Creek Resort, located on/over the 17th green.
    • Waterfront feature: creek.
    • Private water source and private sewer.
    • Rock Creek Resort includes a Nicklaus‑designed championship golf course.
    • Buyer purchase includes full golf membership with no required build date.
    • Resort amenities include an on‑site restaurant, saltwater pool, fitness center, tennis/basketball/pickleball courts, and a private marina.

    Overview

    This over-an-acre lot offers a standout golf-course setting, located right on top of the 17th green. It is marketed as one of the larger and more desirable homesites in Rock Creek Resort, giving owners a premium view-oriented position with room to plan a custom build on their own timeline.

    Rock Creek Resort is a gated community spanning 1,300 acres on Lake Texoma. The resort features a Nicklaus-designed championship golf course, along with an on-site restaurant, saltwater pool, fitness center, and courts for tennis, basketball, and pickleball. Residents also have access to the Cross Timbers hiking trail. A private marina supports boat rentals, slips, a ship store, and guided fishing trips, and the community is described as providing 24-7 gated security.

    For buyers seeking a lifestyle-focused property with golf at the center of the experience, this homesite is positioned for owners who want a prime location in the resort now, with flexibility later since the listing notes there is no required build date. The inclusion of full golf membership with the purchase is intended to support immediate use of the course while you decide on timing and design for your home.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Gordonville
    County
    Grayson
    State
    Texas
    Longitude
    -96.8872
    Latitude
    33.8367

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    FAQs

    What type of property is this?
    Recreation land - Over-an-acre homesite positioned on the 17th green within a gated Lake Texoma resort community.
    Where is this recreation land located?
    The property is located at 32C Coyote Springs Court Gordonville, TX.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Over 1‑acre lot in Rock Creek Resort, located on/over the 17th green.; Waterfront feature: creek.; Private water source and private sewer.
    (214) 642-8997
    We can help!
    Listing Contact
    Danna Smith
    Real Estate License ID: 0473510
    Learn More
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    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.

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