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

    Lake Ridge Drive lot A2 Madison, MS 39110

    View on Map
    For Sale
    $295,000

    LAND - Madison, MS

    Type:Single Family Residence
    Lot size:
    1.12 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    41
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for Lake Ridge Drive lot A2

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Property condition
    Under Construction
    Exterior features
    Boat Slip
    Standard status
    Active
    APN
    081a-11-002/04.00
    Lot size
    1.12 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    LOT 2 LAKE CAROLINE PHASE I
    TaxAnnualAmount
    1215

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Lake, Seawall
    Water front
    1

    We can help!

    Listing Contact
    Donna S Spooner

    Listing agent Donna S Spooner License #B-19061

    Listing office Dream Home Properties 513 Cobblestone Ct Ste 6, Madison, MS

    Listing date Feb 19, 2026

    MLS# 4139725

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

    Overview

    Waterfront Lot in Lake Caroline

    Located in Lake Caroline, this waterfront lot offers an opportunity to build a custom home in a premier neighborhood. Situated along the 835-acre private lake, the property includes a seawall and private boat slip, providing direct access to year-round recreation. Partially shaded by mature trees, the 1.12-acre lot offers a panoramic water view. Residents of Lake Caroline enjoy amenities such as saltwater swimming pools, playgrounds, walking trails, tennis courts, pickleball courts, and two community clubhouses. The Lake Caroline Golf Club is located within the community, with golf memberships available separately. This lot allows for resort-style living and the creation of a custom home in a community known for beauty, recreation, and lifestyle.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Madison
    County
    Madison
    State
    Mississippi
    Longitude
    -90.165407
    Latitude
    32.557426

    Nearby Similar for Sale

    • $4,175,000
      12,000 SF

      Turnkey Facility in High-Growth Corridor

      Premier 12,000 SF facility on 1.91 acres in Gluckstadt.
      112 Dees Drive, Madison, MS 39110
      View Details
    • $3,267,000
      130,680 SF

      Prime Commercial Land Opportunity

      3-acre commercial land in Gluckstadt's growing area.
      1037 Gluckstadt Road, Madison, MS 39110
      View Details
    • $5,500,000
      283,140 SF

      Prime Commercial Land in Madison

      6.5 acres in high-growth area near entertainment district.
      Galleria Parkway, Madison, MS 39110
      View Details
    • $1,000,000
      92,347 SF

      Commercial Land in Growing Submarket

      2.12-acre commercial tract in Gluckstadt, Madison County, Mississippi.
      Weisenberger Road, Madison, MS 39110
      View Details
    • $1,524,600

      Prime Commercial Parcel in Madison

      One-acre commercial land parcel in Gluckstadt, near I-55.
      Calhoun Station Parkway, Madison, MS 39110
      View Details
    • $2,154,913

      Gluckstadt I-55 Commercial Lot

      Divisible commercial lot with high I-55 visibility in Gluckstadt.
      415 Business Park Drive, Madison, MS 39110
      View Details
    • $975,000

      Commercial Land in Gluckstadt, MS

      42.89 acres of commercial land in a rapidly growing city.
      217 Weisenberger Rd, Madison, MS 39110
      View Details
    • $299,000

      Commercial Land in Gluckstadt Area

      Commercial property in Gluckstadt, ideal for business ventures.
      208 Weisenberger Road, Madison, MS 39110
      View Details
    • $489,000

      Waterfront Lot in Lost Rabbit

      Rare 0.41-acre waterfront lot in Lost Rabbit community.
      113 N Natchez Drive lot: 766, Madison, MS 39110
      View Details
    • $295,000

      Commercial Land in Madison, MS

      Commercial land with great visibility in Madison, Mississippi.
      1141 Highway 51, Madison, MS 39110
      View Details
    • $250,000

      Waterfront Lot in Lake Caroline

      Waterfront lot for dream home in Lake Caroline.
      Harbor View Drive lot: 60, Madison, MS 39110
      View Details
    • $650,000

      Vacant Land on Highway 51

      3.69 acres of commercial land for sale in Madison, MS.
      1753 Hwy 51, Madison, MS 39110
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build your dream home on this waterfront lot.
    Where is this residential land & home lot located?
    The property is located at Lake Ridge Drive lot A2 Madison, MS.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Waterfront lot on Lake Caroline's 835‑acre private lake; Includes a seawall and private boat slip for direct lake access; Located in the highly sought‑after Lake Caroline community in Madison, MS
    (601) 750-8258
    We can help!
    Listing Contact
    Donna S Spooner
    Real Estate License ID: B-19061
    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!