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

    5670 Nathan Drive, Chandler, TX 75758

    View on Map
    Claim this Listing
    For Sale
    $329,900

    Residential - Chandler, TX

    Type:Single Family Residence
    Lot size:
    0.72 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for 5670 Nathan Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    0.72 Acres

    Taxes and HOA fees

    Tax Annual Amount
    631.83

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dana Staples
    Dana Staples

    Listing agent Dana Staples License #0546841

    Listing office Staples Sotheby's International Realty 2344 Dueling Oaks, Frankston, TX

    Listing date Apr 17, 2026

    MLS# 26001848 Listing URL

    Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront property on Lake Palestine in Brown's Landing.
    • East‑facing views offer breathtaking sunrises and moonrises.
    • .721‑acre lot featuring bulk‑headed shoreline and Upper Neches River Authority allocation.
    • Enjoy community amenities including a waterfront pavilion, day marina, boat ramp, and gated trailer/RV parking.
    • Added privacy with adjacency to a rarely used neighborhood park.
    • Easy access to DFW.

    Overview

    This .721-acre waterfront homesite is located in the gated community of Brown’s Landing on Lake Palestine. The level to gently sloping lot features a bulk-headed shoreline and views down the bay to the open waters of Lake Palestine. The east-facing orientation provides views of sunrises and moonrises across the lake. A new home is under construction to the south, and the tract is adjacent to a rarely used neighborhood park and pavilion to the north. The development includes landscaped and fenced common areas, a secure gated entrance, a waterfront pavilion with an outdoor fireplace, cooking area, and restrooms, a lakeside fire pit, underground utilities, a day marina with a floating dock, private gated parking for trailers and RVs, and a dedicated homeowner's boat ramp. This location offers access to DFW. It is a rare opportunity to build a custom lakefront retreat in one of Lake Palestine's waterfront communities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chandler
    County
    Henderson
    State
    Texas
    Longitude
    -95.545
    Latitude
    32.2481

    Nearby Similar for Sale

    • $400,000

      Lakefront Residential Lot in Chandler

      Gated lakefront community with open water views on Lake Palestine.
      20629 Wycliff Dr., Chandler, TX 75758
      View Details
    • $350,000

      Waterfront Lot in Gated Community

      0.71 acre waterfront lot in Brown's Landing.
      0 Jamison Dr, Chandler, TX 75758
      View Details
    • $465,000

      Lake Palestine Waterfront Lot

      Almost an acre with over 200' of waterfrontage.
      20621 Wycliff, Chandler, TX 75758
      View Details
    • $425,000

      Lakefront Residential Lot in Chandler

      Gated lakefront community with open water views on Lake Palestine.
      20639 Wycliff Dr., Chandler, TX 75758
      View Details
    • $400,000

      Lakefront Residential Lot in Chandler

      Gated lakefront community with open water views and mature trees.
      20635 Wycliff Dr., Chandler, TX 75758
      View Details
    • $425,000

      Lakefront Residential Lot in Chandler

      Gated lakefront community with open water views on Lake Palestine.
      20625 Wycliff Dr., Chandler, TX 75758
      View Details
    • $40,000

      Unimproved Lot Near Lake Palestine

      Unimproved 0.65 acre lot ready for residential development.
      20812 Clinton, Chandler, TX 75758
      View Details
    • $70,000

      Lake Palestine Water View Lot

      0.84 acre water view lot in gated community.
      20641 Wycliff Drive, Chandler, TX 75758
      View Details
    • $75,000

      Lake Palestine Waterfront Lot

      Gated community lot with lake views near marina.
      20620 Wycliff Dr, Chandler, TX 75758
      View Details
    • $350,000

      Waterfront Land with Boat Dock Site

      Bulkheaded waterfront lot with a dedicated place for a boat dock in a gated Lake Palestine community.
      Jamison Drive, Chandler, TX 75758
      View Details
    • $845,000

      Wooded Recreational Land Tract

      A secluded mix of wooded and open spaces with hilltop views, paved access, wildlife, and a water tap.
      FM 317, Chandler, TX 75758
      View Details
    • $250,000

      Lakefront Lot in Gated Community

      Picturesque lakefront neighborhood with open water views and mature trees.
      20609 Wycliff Dr., Chandler, TX 75758
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Lake Palestine homesite with amenities and captivating water views.
    Where is this residential land & home lot located?
    The property is located at 5670 Nathan Drive Chandler, TX.
    What is the asking price?
    The asking price for this property is $329,900.
    What are key features of this property?
    This property features: Waterfront property on Lake Palestine in Brown's Landing.; East‑facing views offer breathtaking sunrises and moonrises.; .721‑acre lot featuring bulk‑headed shoreline and Upper Neches River Authority allocation.
    (903) 876-1051
    We can help!
    Listing Contact
    Dana Staples
    Dana Staples
    Real Estate License ID: 0546841
    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
    5670 Nathan Drive, Chandler, TX 75758
    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!