Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Golf Course Lot Opportunity Title is generated by Realmo AI

    37 Palmer Lane, Pottsboro, TX 75076

    View on Map
    Claim this Listing
    For Sale
    $249,500

    LAND - Pottsboro, TX

    Lot size:
    0.67 Acres
    Added:
    May 14, 2026
    Days on Market:
    20
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for 37 Palmer Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    106603
    Lot size
    0.67 Acres

    Taxes and HOA fees

    Tax Description
    EAGLE CHASE OF TANGLEWOOD, LOT 37, ACRES 0.67

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Gary Bisha
    Gary Bisha

    Listing agent Gary Bisha License #0508227

    Listing office My Castle Realty Houston, TX

    Listing date May 14, 2026

    MLS# 21228819 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 golf course lot in gated Eagle Chase of Tanglewood.
    • Stunning sunset views over the golf course lake with marina tower.
    • Located just 5 minutes from Tanglewood Resort.
    • Views of the 14th green and 18th fairway/lake/fountain.
    • New large estate homes recently built nearby.
    • Super low tax rates.

    Overview

    This is a rare opportunity to live on the golf course, just 5 minutes from Lake Marina and Resort. Lot 37 is located in the gated Eagle Chase of Tanglewood subdivision. This unique 0.67-acre lot features the 14th green in the front yard and views of the 18th fairway, golf course lake, and fountain from the backyard. Enjoy sunset views over the golf course lake with the marina tower in the background. Tanglewood Resort, featuring lodging, fine dining, a spa, and a marina, is just 5 minutes away. Three new large estate homes have recently been built across the street and adjacent to Lot 38. Lot 38, directly adjacent to Lot 37, is also available for purchase from the same owner. The property is located in Pottsboro, Texas, with super low tax rates compared to surrounding areas.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Pottsboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.690788
    Latitude
    33.824394

    Nearby Similar for Sale

    • $525,000
      1,735 SF

      Equipped Horse Property in Pottsboro

      Well-equipped horse property with modern updates and comfortable country living.
      499 Flowing Wells, Pottsboro, TX 75076
      View Details
    • $895,000

      Pottsboro Storage Facility on 9 Acres

      50-unit storage facility on 9 acres near Lake Texoma.
      470 Lazy Acres Circle, Pottsboro, TX 75076
      View Details
    • $950,000
      2,344 SF

      Pottsboro Farm/Ranch Near Lake Texoma

      11-acre farm/ranch bordering Hagerman National Wildlife Refuge near Lake Texoma.
      7146 Refuge Road, Pottsboro, TX 75076
      View Details
    • $445,000

      Pottsboro Land with Outbuildings

      5.75 acres in Pottsboro, TX with multiple outbuildings.
      Pearce Drive, Pottsboro, TX 75076
      View Details
    • $1,195,000

      Pottsboro Land with Boat Slips

      5.23 acres in Pottsboro, TX with two private boat slips.
      3rd Street, Pottsboro, TX 75076
      View Details
    • $298,000

      Pottsboro Duplex on Shaded Lot

      Move-in ready duplex in Pottsboro, suitable for investors or owner-occupants.
      105 Bryant Street, Pottsboro, TX 75076
      View Details
    • $692,685

      Highway Frontage Land Near Lake Texoma

      6.597 acres with highway frontage, suitable for commercial or residential.
      6.597 Acres Hwy 289, Pottsboro, TX 75076
      View Details
    • $135,000

      Corner Lot Near Lake Texoma

      0.4676-acre corner lot with community amenities near Lake Texoma.
      Parker Drive, Pottsboro, TX 75076
      View Details
    • $185,000

      Woodland Retreat Near Lake Texoma

      1.058-acre lot with mature trees near Lake Texoma.
      Quail Creek Circle, Pottsboro, TX 75076
      View Details
    • $125,000

      Versatile Land Near Lake Texoma

      0.6-acre corner lot with RV hookups near Lake Texoma.
      197 Quail Creek Circle, Pottsboro, TX 75076
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build your dream home near Lake Marina and Resort!
    Where is this residential land & home lot located?
    The property is located at 37 Palmer Lane Pottsboro, TX.
    What is the asking price?
    The asking price for this property is $249,500.
    What are key features of this property?
    This property features: Rare golf course lot in gated Eagle Chase of Tanglewood.; Stunning sunset views over the golf course lake with marina tower.; Located just 5 minutes from Tanglewood Resort.
    (713) 683-0054
    We can help!
    Listing Contact
    Gary Bisha
    Gary Bisha
    Real Estate License ID: 0508227
    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
    37 Palmer Lane, Pottsboro, TX 75076
    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!