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    Mays Ln Tyler, TX 75703

    For Sale
    $695,000

    Land - Tyler, TX

    Lot size:
    8.00 Acres
    Days on Market:
    53
    Last Refresh:
    Dec 15 at 1:06 am

    Property Features for Mays Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Planned Unit Res District
    Lot size
    8.00 Acres

    Building Details

    Architectural style
    Other

    Drake Capital, LLC dba Drake Real Estate & Investments (903) 581-3737 [email protected]

    Listing agent Jeremy Caruthers (903) 581-3737 License #0627529

    Listing date Oct 24, 2025

    MLS# 25012437 Listing URL

    Copyright © 2025 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.

    Overview

    Residential Land in Gated Community

    This 8-acre property is designated for Phase 2 of Preston Ridge, a 55+ gated community. The tract is platted and approved for 37 residential lots. All utilities, including water, sewer, and electricity, are available for extension to the new phase. Phase 1 is already established. The property is located near shopping, dining, medical facilities, and South Tyler amenities. This location offers residents both comfort and convenience. The property is located in Tyler, TX.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.3184
    Latitude
    32.2466

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    FAQs

    What type of property is this?
    Land - 8 acres for 37 lots in 55+ community.
    Where is this land located?
    The property is located at Mays Ln Tyler, TX.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Approved for 37 residential lots within a thriving, established 55+ gated community (Preston Ridge).; - Utilities (water, sewer, and electricity) are readily available for extension, streamlining development.; - Excellent South Tyler location, convenient to shopping, dining, and medical facilities.
    (903) 581-3737
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    Mays Ln Tyler, TX 75703
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    Realmo Value Estimation

    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

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    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.

    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
    Mays Ln Tyler, TX 75703
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