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

    63 Shore Crest Way Athens, TX 75752

    View on Map
    Sponsored
    For Sale
    $119,000

    Improved Land - Athens, TX

    Lot size:
    1.08 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 12 at 5:06 pm

    Property Features for 63 Shore Crest Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    45060000063000
    Lot size
    1.08 Acres

    Taxes and HOA fees

    Expense value
    1000
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Scott Scheffler

    Minnette Murray Properties (214) 521-0044

    Listing agent Scott Scheffler (713) 869-0456 License #0591124

    Listing date Mar 7, 2026

    MLS# 21201784 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.

    Learn more

    Property Insight Report

    Overview

    Lakefront Lot in Gated Community

    This just-over-1-acre level homesite is located in Water's Edge Ranch just north of Athens, TX, and offers approximately 102 feet of lake frontage. It is located in a private, gated community and is ready for construction. Water's Edge Ranch features amenities including a 328-acre stocked lake, boat marina and launch, a resort-style pool with pavilion, pickleball court, and RV park. Utilities are available. The property offers easy access to nearby towns, recreation, and amenities. It is located close to Dallas (1.5 hours away), Tyler (40 min. away), and Houston (3 hours away).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Gym & Fitness Center Skin Care Clinic Storage Facility Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Henderson
    State
    Texas
    Longitude
    -95.87012414
    Latitude
    32.24379247

    Nearby Similar for Sale

    • New
      $998,200
      4.41 Acres

      Turn-Key Bowling Alley For Sale

      Fully operational bowling alley, bar, and entertainment center in Athens, Texas.
      900 W Corsicana St, Athens, TX 75751
      View Details
    • New
      $1,300,000
      3,900 SF

      High-Visibility Retail Opportunity in Athens

      3,900 SF commercial building with high traffic and visibility.
      220 S Palestine St, Athens, TX 75751
      View Details
    • $625,000
      6,301 SF

      Downtown Athens Professional Office Space

      Two commercial buildings with income potential near the courthouse.
      110-112 E Corsicana St, Athens, TX 75751
      View Details
    • $650,000
      16,971 SF

      Versatile Building Near Athens Square

      16,971 SF building on 1.31 acres, retail zoning.
      201-209 S Prairieville St, Athens, TX 75751
      View Details
    • $650,000
      16,971 SF

      Versatile Building Near Athens Square

      16,971 SF building on 1.31 acres, zoned Retail.
      201-209 S Prairieville St, Athens, TX 75751
      View Details
    • $650,000
      16,971 SF

      Athens Retail Building For Sale

      16,971 square foot retail building on 1.31 acres.
      201-209 S Prairieville St, Athens, TX 75751
      View Details
    • $950,000
      3,900 SF

      Athens Retail Center For Sale

      Multi-tenant retail center in Athens, TX, near village hall.
      500 E Tyler St, Athens, TX 75751
      View Details
    • $195,000
      3,028 SF

      Refreshed Commercial Property on Highway

      Versatile commercial property suitable for various business ventures.
      107 Aaron St, Athens, TX 75751
      View Details
    • $195,000
      3,028 SF

      Versatile Commercial Property Near Highway

      Refreshed 3,028 sq ft commercial property on 0.43 acres.
      107 Aaron St, Athens, TX 75751
      View Details
    • $625,000
      0.13 Acres

      Downtown Athens Office Investment Opportunity

      Two commercial buildings in downtown Athens with income potential.
      110 E Corsicana St, Athens, TX 75751
      View Details
    • $385,000
      2,800 SF

      Adaptable Event/Business Space on Acreage

      2,800 sq ft building on 3.77 acres near Athens.
      5571 Fm 317, Athens, TX 75752
      View Details
    • $650,000
      7,677 SF

      Retail Building in Athens, TX

      Retail property for sale in an Opportunity Zone.
      522 W Corsicana St, Athens, TX 75751
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1+ acre lakefront homesite ready for your dream build.
    Where is this waterfront land located?
    The property is located at 63 Shore Crest Way Athens, TX.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: - Lakefront lot with approximately 102 feet of frontage on a 328-acre stocked lake.; - Located in a private, gated community (Water's Edge Ranch).; - Enjoy resort-style amenities including a pool with pavilion, boat marina and launch, and pickleball court.
    (817) 924-4144
    Request Owner's contact information
    63 Shore Crest Way Athens, TX 75752
    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.
    63 Shore Crest Way
    Athens, TX 75752
    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
    63 Shore Crest Way Athens, TX 75752
    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

    We can help!
    Listing Contact
    Scott Scheffler
    Real Estate License ID: 0591124
    (817) 924-4144 (713) 869-0456 (281) 832-0695
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!