Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Cypress Springs Shoreline Lot Title is generated by Realmo AI

    Lot 5 Eagles Nest Circle, Mount Vernon, TX 75457

    View on Map
    Claim this Listing
    For Sale
    $795,000

    Unimproved Land - Mount Vernon, TX

    Type:Unimproved Land
    Lot size:
    0.86 Acres
    Added:
    Jan 9, 2026
    Days on Market:
    137
    Last Refresh:
    May 26 at 5:06 pm

    Property Features for Lot 5 Eagles Nest Circle

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    23325
    Lot size
    0.86 Acres

    Taxes and HOA fees

    Expense value
    100
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ralph Robertson
    Ralph Robertson

    Listing agent Ralph Robertson License #0432160

    Listing office Century 21 Butler Real Estate Hwy. 115 @ FM3122, Mt. Vernon, TX

    Listing date Jan 9, 2026

    MLS# 20245043 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

    • Gated community offering privacy and security.
    • Located on Lake Cypress Springs with 274.65' of shoreline.
    • Large 0.855‑acre lot.
    • Deep water access on the lake.
    • Underground utilities including high‑speed, fiber‑optic Internet (coming soon).
    • Limited number of lots available each year.

    Overview

    Lot 5 is located in the Eagle's Nest subdivision and features a site area of 0.856 acres with 274.65 feet of shoreline. This new, gated, wooded subdivision consists of 13 lots and is situated at the southern tip of the Lake Cypress Springs emergency spillway, approximately 0.6 mile from a public road. The property is surrounded by a security fence with stone pillars and powder-coated, galvanized steel fencing. The subdivision offers deep water access, privacy, and security, with large lots and underground utilities. Co-op water and electricity are available, and high-speed, fiber-optic Internet service is planned. Each lot is individually staked with steel T-posts and a lot sign indicating the lot's number, site area, and shoreline. The property is located in Mount Vernon, TX.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mount Vernon
    County
    Franklin
    State
    Texas
    Longitude
    -95.2185
    Latitude
    33.2157

    Nearby Similar for Sale

    • $799,000
      6,104 SF

      Established Fitness Studio Business Opportunity

      Turnkey fitness studio with loyal client base and growth potential.
      204 E Main Street, Mt Vernon, TX 75457
      View Details
    • $799,000

      Established Fitness Studio Business Opportunity

      Turnkey fitness studio with loyal client base and growth potential.
      204 E Main Street, Mount Vernon, TX 75457
      View Details
    • $1,225,000

      Operating Poultry Farms For Sale

      Two active poultry farms ready for operation in Franklin County.
      4227 County Road Sw 3010, Mount Vernon, TX 75457
      View Details
    • $789,762

      Thriving Auto Repair Business Opportunity

      Established auto repair business with high traffic location in Mount Vernon.
      1003 S State Highway 37, Mount Vernon, TX 75457
      View Details
    • $2,668,600
      1,600 SF

      Productive Ranch with Highway Frontage

      Exceptional ranch with agricultural and recreational opportunities near Mt. Vernon.
      395 Hwy 37, Mount Vernon, TX 75457
      View Details
    • $210,000

      Lake Cypress Springs Waterfront Lot

      1.48-acre waterfront lot on Lake Cypress Springs.
      Lot 1 Eagle Point, Mt Vernon, TX 75457
      View Details
    • $799,000
      6,104 SF

      Established Fitness Studio Opportunity

      Turnkey fitness studio with loyal client base and growth potential.
      204 E Main Street, Mount Vernon, TX 75457
      View Details
    • $727,596

      Northeast Texas Agricultural Land

      107-acre tract ideal for cattle production and investment.
      107 Hwy 37, Mount Vernon, TX 75457
      View Details
    • $1,955,340

      108 Acres on I-30 Frontage

      108-acre ranch with I-30 frontage in Mount Vernon, TX.
      2110 SW Access Road, Mount Vernon, TX 75457
      View Details
    • $525,000
      13,189 SF

      Mt Vernon Warehouse on Acres

      13,189 SF warehouse on 2.5 acres in Mt Vernon.
      629 Rutherford St, Mt Vernon, TX
      View Details
    • $750,000

      Waterfront Land in Gated Community

      1.304-acre lot with shoreline in a secure, wooded subdivision.
      Lot 12 Eagles Nest Drive, Mount Vernon, TX 75457
      View Details
    • $850,000

      Lake Cypress Springs Shoreline Lot

      Gated 1.099-acre lot with shoreline on Lake Cypress Springs.
      Lot 13 Eagles Nest Drive, Mount Vernon, TX 75457
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Gated 0.856-acre lot with shoreline and underground utilities.
    Where is this residential land & home lot located?
    The property is located at Lot 5 Eagles Nest Circle Mount Vernon, TX.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Gated community offering privacy and security.; Located on Lake Cypress Springs with **274.65' of shoreline**.; Large 0.855‑acre lot.
    (903) 588-2696
    We can help!
    Listing Contact
    Ralph Robertson
    Ralph Robertson
    Real Estate License ID: 0432160
    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
    Lot 5 Eagles Nest Circle, Mount Vernon, TX 75457
    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!