Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    921 Waters Edge Dr Sanger, TX 76266

    Sponsored
    For Sale
    $595,000

    Unimproved Land - Sanger, TX

    Type:Unimproved Land
    Lot size:
    2.01 Acres
    Days on Market:
    33
    Last Refresh:
    Jan 20 at 5:06 am

    Property Features for 921 Waters Edge Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R1046591
    Lot size
    2.01 Acres

    Taxes and HOA fees

    Expense value
    2500
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Lake Front, Lake Front - Common Area, Lake Front – Corps Of Engineers, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Greiner

    My Castle Realty (713) 683-0054

    Listing agent Michael Greiner (713) 683-0054 License #0588268

    Listing date Dec 19, 2025

    MLS# 21079459 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

    Overview

    Land with Lake Views

    This property features a 2.0109-acre lot within the gated community of Palomino Bay, which consists of 23 two-acre lots. Situated along the shoreline of Lake Ray Roberts in Sanger, Texas, the location is near the local marina and public boat launch. Lot 14 is positioned on a hilltop at the back of the neighborhood, offering views of Lake Ray Roberts and undeveloped ranchland. The property is intended for residential use as a custom homesite. There are no city taxes. Note that all shoreline around the lake is owned and managed by the U.S. Corps of Engineers, and individual boat docks are not allowed.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sanger
    County
    Denton
    State
    Texas
    Longitude
    -97.11016954
    Latitude
    33.38133657

    Nearby Similar for Sale

    • $3,750,000
      31.50 Acres

      North Texas Equestrian Ranch

      Turnkey equestrian facility on over 30 acres in North Texas.
      9494 Waide Rd, Sanger, TX 76266
      View Details
    • $900,000
      1,596 SF

      AG-Exempt Texas Countryside Property

      10-acre property with move-in ready home and income potential.
      3873 Lois Rd E, Sanger, TX 76266
      View Details
    • New
      $3,000,000
      5,416 SF

      Sanger Estate with Clear Creek Frontage

      61+ acre estate with two homes, barn, arena, and workshop.
      10902 Clear Creek Rd W, Sanger, TX 76266
      View Details
    • $4,999,999
      2,000 SF

      300-Acre Ranch with Highway Access

      Prime Texas ranch property suitable for cattle or commercial ventures.
      12370 Fortenberry Rd, Sanger, TX 76226
      View Details
    • $12,000,000
      16,532 SF

      Breathtaking Lake View Ranch

      Ranch with lake views, guest house, and horse facilities.
      1180 Mcreynolds Rd, Sanger, TX 76266
      View Details
    • $4,508,820
      250.49 Acres

      250 Acre Ranch Near DFW

      Prime Texas ranch land with highway access and development potential.
      000 Fm 51 Rd, Sanger, TX 76226
      View Details
    • $849,900
      2,956 SF

      Sanger Ranch Style Retreat

      7-acre estate near Lake Ray Roberts with multiple amenities.
      2300 Union Hill Rd, Sanger, TX 76266
      View Details
    • $649,900
      3,342 SF

      Rustic Farmhouse on Acreage

      Charming 4-bedroom home on 2.88 acres with versatile outbuildings.
      6568 Michael Rd, Sanger, TX 76266
      View Details
    • $4,750,000
      5,413 SF

      Sanger Ranch with Equestrian Facilities

      48.5-acre ranch featuring residences and equestrian facilities.
      9144 Fm 2164, Sanger, TX 76266
      View Details
    • $1,769,000
      1,800 SF

      Equestrian Estate with New Barn

      95+ acre Sanger, TX equestrian estate near FM 455 & I-35.
      11007 Fm 2450, Sanger, TX 76266
      View Details
    • $1,450,000
      18,696 SF

      Sanger Self-Storage with I-35 Frontage

      Self-storage facility with high visibility and expansion potential.
      1309 N Stemmons St, Sanger, TX 76266
      View Details
    • $549,000

      New Construction Four-Bedroom Home

      New construction four-bedroom home on a 1-acre lot.
      7236 Davidson Rd, Sanger, TX 76266
      View Details

    FAQs

    What type of property is this?
    Land - Two-acre lot in gated community near Lake Ray Roberts.
    Where is this land located?
    The property is located at 921 Waters Edge Dr Sanger, TX.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - **2-acre lot in a gated community**; - **Enjoy Lake Ray Roberts views** from this property.; - Close proximity to marina and boat launches
    (713) 683-0054
    Request Owner's contact information
    921 Waters Edge Dr Sanger, TX 76266
    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.
    921 Waters Edge Dr
    Sanger, TX 76266
    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
    921 Waters Edge Dr Sanger, TX 76266
    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
    Michael Greiner
    Real Estate License ID: 0588268
    (713) 683-0054
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.