Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Fork Waterfront Peninsula Property Title is generated by Realmo AI

    Lot 14 14a & 14b E Fisherman's Bay - Lake Front, Quitman, TX 75783

    View on Map
    Claim this Listing
    For Sale
    $199,999

    Improved Land - Quitman, TX

    Lot size:
    1.39 Acres
    Added:
    Jul 9, 2025
    Days on Market:
    326
    Last Refresh:
    May 30 at 9:06 am

    Property Features for Lot 14 14a & 14b E Fisherman's Bay - Lake Front

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R145584
    Lot size
    1.39 Acres

    Taxes and HOA fees

    Expense value
    600
    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
    Suresh Ramadoss

    Listing agent Suresh Ramadoss License #0750415

    Listing office REKonnection, LLC 100 N Central Expwy #913, Richardson, TX

    Listing date Jul 9, 2025

    MLS# 20994548 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

    • 1.39‑acre waterfront property on Lake Fork featuring a private waterfront peninsula.
    • Three lots included: hilltop home site, waterfront lot for boat dock, and satellite waterfront lot with golf cart access.
    • Located in The Point at Fisherman's Bay, a new gated community.
    • No construction deadline and choice of builder.
    • Lake Fork is renowned for record‑breaking bass fishing.
    • Modern amenities including electricity, water, and fast internet are available.

    Overview

    This 1.39-acre waterfront property is located along the shores of Lake Fork in East Texas. The property consists of three lots within the gated community, The Point at Fisherman's Bay. Lot 14 is a 0.70-acre lot suitable for building a home. Lot 14A is a 0.52-acre waterfront lot with a private waterfront peninsula for constructing a fishing pier and boathouse. Lot 14B is a 0.17-acre satellite waterfront lot reserved for a private boat dock with golf cart-only access. The property offers access to Lake Fork, known for bass fishing. Contemporary amenities including electricity, water, and fast internet are available. There is no construction deadline, and the buyer can select their own builder. This property is suitable for a weekend getaway or a permanent lakefront residence.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Quitman
    County
    Wood
    State
    Texas
    Longitude
    -95.52086797
    Latitude
    32.83780609

    Nearby Similar for Sale

    • $924,900
      7,377 SF

      Downtown Quitman Commercial Property

      Prime commercial property in downtown Quitman with multiple office units.
      105 State Highway 154, Quitman, TX 75783
      View Details
    • $250,000
      1,900 SF

      Remodeled Commercial Building in Quitman

      Remodeled commercial building with flexible space in the heart of Quitman.
      113 E Goode Street, Quitman, TX 75783
      View Details
    • $995,000
      3,191 SF

      East Texas Ranch with Lake

      20-acre ranch featuring a lake, main house, and guest house.
      1688 County Road 3118, Quitman, TX 75783
      View Details
    • $579,999
      3,077 SF

      East Texas Farmhouse with Acreage

      East Texas farmhouse on 21+ acres near Lake Fork.
      352 County Road 3120, Quitman, TX 75783
      View Details
    • $200,000
      798 SF

      Furnished Short-Term Rental Investment

      Fully furnished tiny homes with existing bookings near Lake Fork.
      275 And 281 Indian Gap, Quitman, TX 75783
      View Details
    • $1,500,000
      6,300 SF

      Lake Fork Washateria and Home

      Unique property with commercial washateria and waterfront home.
      3016 W State Highway 154, Quitman, TX 75783
      View Details
    • $759,999
      3,288 SF

      Lake Fork Ranch with Custom Home

      Custom log home on 17 acres near Lake Fork.
      575 County Road 1214, Quitman, TX 75783
      View Details
    • $225,000

      Boat Storage Near Lake Fork

      20 storage units, containers, and carport near Lake Fork.
      Tbd W STATE HWY 154, Quitman, TX 75783
      View Details
    • $699,900

      East Texas Ranch Land

      65.7-acre ranch property in Wood County, ready to build.
      775 County Road 4919, Quitman, TX 75783
      View Details
    • $395,000
      1,404 SF

      Texas Ranch Ready Property

      14 acre ranch property with updated home and improvements.
      2685 N State Highway 37, Quitman, TX 75783
      View Details
    • $180,000

      Land with RV Port and Building

      0.258-acre lot with RV port, building, and community amenities.
      615 Waterfront Row, Quitman, TX 75783
      View Details
    • $205,000
      2,000 SF

      Land with Existing Dwelling

      8.43 acres in Quitman, TX with renovation or new construction.
      368 County Road 4960, Quitman, TX 75783
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.39-acre waterfront property on Lake Fork with private peninsula.
    Where is this residential land & home lot located?
    The property is located at Lot 14 14a & 14b E Fisherman's Bay - Lake Front Quitman, TX.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: 1.39‑acre waterfront property on Lake Fork featuring a private waterfront peninsula.; Three lots included: **hilltop home site, waterfront lot for boat dock, and satellite waterfront lot with golf cart access.**; Located in The Point at Fisherman's Bay, a new gated community.
    (972) 914-0989
    We can help!
    Listing Contact
    Suresh Ramadoss
    Real Estate License ID: 0750415
    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

    Thank You for Inquiry
    Lot 14,14a & 14b E Fisherman's Bay - Lake Front, Quitman, TX 75783
    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!