Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakeview Homesite in Gated Community Title is generated by Realmo AI

    390 Waters Edge Way, Dodd City, TX 75438

    View on Map
    Claim this Listing
    For Sale
    $199,000

    Unimproved Land - Dodd City, TX

    Type:Unimproved Land
    Lot size:
    1.19 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    42
    Last Refresh:
    May 26 at 4:06 am

    Property Features for 390 Waters Edge Way

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    000000139901
    Lot size
    1.19 Acres

    Taxes and HOA fees

    Expense value
    1800
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ashley Cypert

    Listing agent Ashley Cypert License #0746253

    Listing office EXP REALTY 5605 N MacArthur Blvd., Austin, TX

    Listing date Apr 15, 2026

    MLS# 21048790 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

    • 1.19 acre lakeview homesite on Bois d’Arc Lake
    • Private, gated community for added security and exclusivity.
    • Access to amenities: lakeside park, pickleball court, dog park, covered boat slips. Enjoy a variety of recreational activities!
    • Underground utilities and paved roads ensure a smooth building process.
    • Build at your own pace with your own builder, offering flexibility and customization.
    • Convenient location: 30 minutes from Sherman, 1 hour from Dallas.

    Overview

    This 1.19-acre lakeview homesite, identified as Lot 29, is located within the private, gated community of Bois d’Arc Shores on the shores of Bois d’Arc Lake. The property benefits from underground utilities and paved roads. Community amenities include a lakeside park, pickleball court, dog park, and covered boat slips. The location offers lake living with limited public access, ensuring quiet waters and fishing. The property is located 30 minutes from Sherman and 1 hour from Dallas. Residents can build at their own pace and choose their own builder.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Dodd City
    County
    Fannin
    State
    Texas
    Longitude
    -96.045
    Latitude
    33.5552

    Nearby Similar for Sale

    • $174,900

      Ag-Exempt Land Near Bois D'Arc

      6 acre ranchette near Bois D' Arc Lake.
      1829 County Road 2935, Dodd City, TX 75438
      View Details
    • $167,900

      Land Near Bois D’Arc Lake

      6.01 acre land near Bois D’Arc Lake.
      1967 County Road 2935 Road, Dodd City, TX 75438
      View Details
    • $83,000

      Unimproved Land Near Bois D'Arc

      1.89-acre lot near Bonham, TX, with utilities available.
      Lot 3 County Road 2905, Dodd City, TX 75438
      View Details
    • $75,000

      Unrestricted Land Near Bois D'Arc

      1.52 acre lot near Bois D'Arc Lake.
      Lot 5 County Road 2905, Dodd City, TX 75438
      View Details
    • $181,900

      6.01 Acres Near Bois D’Arc

      Private ranchette site near Bois D’Arc Lake and Bonham, TX.
      1711 County Road 2935, Dodd City, TX 75438
      View Details
    • $330,000

      Water View Lot in Dodd City

      Interior lot with water views, ideal for building or investment.
      6 Sunrise Drive, Dodd City, TX 75438
      View Details
    • $400,000

      Lakefront Land in Gated Community

      One-acre lakefront parcel in Bois d’Arc Shores near Dallas.
      345 Shoreline Drive, Dodd City, TX 75438
      View Details
    • $80,000

      Unimproved Land Near Bois D'Arc

      1.88-acre lot near Bonham, TX, with utilities available.
      Lot 2 County Road 2905, Dodd City, TX 75438
      View Details
    • $1,994,597

      Unzoned Land with US-82 Frontage

      Unzoned property with US-82 frontage, excellent commercial potential.
      Tbd E HWY 82, Dodd City, TX 75438
      View Details
    • $72,000

      Unimproved Land Near Bois D'Arc

      1.32-acre lot near Bonham, TX, with utilities available.
      Lot 6 County Road 2905, Dodd City, TX 75438
      View Details
    • $819,900

      Bois d’Arc Lake Waterfront Estate

      Exceptional deep-water lakefront estate on Bois d’Arc Lake.
      394 Crystal Cove, Dodd City, TX 75438
      View Details
    • $80,000

      Dodd City Land For Sale

      Unrestricted 1.74-acre lot near Bonham, Texas, with utilities available.
      Lot 1 County Road 2905, Dodd City, TX 75438
      View Details

    FAQs

    What type of property is this?
    Land - 1.19 acre lakeview homesite in gated community near Bois d’Arc Lake.
    Where is this land located?
    The property is located at 390 Waters Edge Way Dodd City, 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: 1.19 acre lakeview homesite on Bois d’Arc Lake; Private, gated community for added security and exclusivity.; Access to amenities: lakeside park, pickleball court, dog park, covered boat slips. Enjoy a variety of recreational activities!
    (888) 519-7431
    We can help!
    Listing Contact
    Ashley Cypert
    Real Estate License ID: 0746253
    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
    390 Waters Edge Way, Dodd City, TX 75438
    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!