Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    507 GRAY FOX Spring Branch, TX 78070

    View on Map
    New
    For Sale
    $664,000

    LAND - Spring Branch, TX

    Lot size:
    15.16 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 1 at 11:06 pm

    Property Features for 507 GRAY FOX

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RESIDENTIAL
    Standard status
    Active
    Lot size
    15.16 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    11821

    We can help!

    Listing Contact
    Mikaela Rios
    Mikaela Rios

    Listing agent Mikaela Rios

    Listing office Keller Williams Heritage 1717 N. Loop 1604 E, San Antonio, TX

    Listing date Apr 1, 2026

    MLS# 1953949

    Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Large Mystic Shores Lake View

    This 15.16-acre lot is located in the Mystic Shores neighborhood and offers views of Canyon Lake. Situated at the end of a cul-de-sac, the property provides privacy and panoramic views of the lake and rolling hills. Two build sites have already been cleared. Mystic Shores is a luxury community of acreage homesites offering a 30-acre lake front park, waterfront access for both Canyon Lake and Guadalupe River, two pools, a community center with fitness area and kitchen, a 200-acre nature preserve along the Guadalupe River, tennis and pickleball courts, basketball, volleyball, a playground, two large pavilions, and covered picnic tables with grills near the lake. The property is located between Austin and San Antonio, minutes from Canyon Lake boat ramps and Guadalupe River tubing. Mystic Shores is near Fredericksburg, wineries, vineyards, breweries, and distilleries, and is an easy drive to San Marcos and New Braunfels. The property offers the opportunity for a custom home with space, privacy, and views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Pharmacy Department Store Grocery & Convenience Store Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Branch
    County
    Comal
    State
    Texas
    Longitude
    -98.307816
    Latitude
    29.926151

    Nearby Similar for Sale

    • $650,000
      864 SF

      Spring Branch Acreage Opportunity

      2.54+/- acres ideal for commercial or residential use.
      15300 State Highway 46, Spring Branch, TX 78070
      View Details
    • $600,000

      Unrestricted Land on State Highway

      2.55 acre commercial tract with highway frontage in Spring Branch.
      24085 State Highway 46 W, Spring Branch, TX 78070
      View Details
    • $320,000
      2,160 SF

      New Duplex in Spring Branch

      Two-year-old duplex with modern amenities and easy commute to San Antonio.
      1063 Sleepy Hollow, Spring Branch, TX 78070
      View Details
    • $499,000

      Land with Guadalupe River Views

      5.07-acre lot with Guadalupe River views in Mystic Shores.
      150 Riddle, Spring Branch, TX 78070
      View Details
    • $134,900

      Versatile Lot in Mystic Shores

      Prime lot suitable for residential or commercial development.
      291 STARGRASS, Spring Branch, TX 78070
      View Details
    • $339,000

      Mystic Shores Land Opportunity

      4.4-acre homesite in Mystic Shores with owner financing.
      701 Mystic Shores Blvd, Spring Branch, TX 78070
      View Details
    • $320,000
      10,715,760 SF

      Residential Lot in Rivermont

      2.46-acre residential lot with existing well and electricity.
      638 Cool Spring Drive, Spring Branch, TX 78070
      View Details
    • $525,000

      Unrestricted Land in Texas Hill

      8.565 acres with metal building near San Antonio.
      1400 Knoll Schwope, Spring Branch, TX 78070
      View Details
    • $320,000
      2,160 SF

      New Duplex in Spring Branch

      Two-year-old duplex with modern amenities and easy commute.
      1063 Sleepy Hollow, Spring Branch, TX 78070
      View Details
    • $219,000

      Spring Branch Land with Hill Country Views

      2.12 acre lot to build your dream home.
      228 ENIGMA AVE, Spring Branch, TX 78070
      View Details
    • $450,000

      Spring Branch Hill Country Land

      27 lots in gated community with hill country views.
      227 Mitchell Dr, Spring Branch, TX 78070
      View Details
    • $220,000

      Residential Land Near Canyon Lake

      4.52 acre residential lot in Mystic Shores, Spring Branch.
      327 Vista View Place, Spring Branch, TX 78070
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 15.16-acre lot with lake views in Mystic Shores.
    Where is this residential land & home lot located?
    The property is located at 507 GRAY FOX Spring Branch, TX.
    What is the asking price?
    The asking price for this property is $664,000.
    What are key features of this property?
    This property features: Rare 15.16‑acre lot with PANORAMIC Canyon Lake views, offering privacy and space.; Located in Mystic Shores, a luxury community with lake and river access.; Community amenities include a 30‑acre lakefront park, two pools, fitness center, and nature preserve.
    (210) 493-3030
    We can help!
    Listing Contact
    Mikaela Rios
    Mikaela Rios
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!