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    Waterfront Hilltop Home Lot Title is generated by Realmo AI

    Shore Crest Way lot 113, Athens, TX 75752

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    Claim this Listing
    For Sale
    $54,000

    LAND - Athens, TX

    Lot size:
    1.08 Acres
    Added:
    Aug 31, 2025
    Days on Market:
    279
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for Shore Crest Way lot 113

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    RV
    Vegetation
    Grassed
    Exterior features
    BoatSlip
    Standard status
    Active
    APN
    45060000113000
    Lot size
    1.08 Acres

    Taxes and HOA fees

    Tax Description
    113 AB 797 B C WALTERS SUR, WATERS EDGE RANCH
    Tax Annual Amount
    2

    Utilities

    Water source
    Public

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    Listing Contact
    Scott Scheffler

    Listing agent Scott Scheffler License #0591124

    Listing office Coldwell Banker Realty Flower Mound, TX

    Listing date Aug 31, 2025

    MLS# 21046677 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‑acre hilltop lot in a private gated community near Athens, TX
    • Private boat slip included in the community marina
    • Community amenities include a private 328‑acre stocked lake, boat launch, and resort‑style pool with pavilion
    • Pickleball court and RV park available in the gated community
    • Utilities available and water source is public

    Overview

    This for-sale hilltop home lot offers space to build a custom residence with outdoor living in mind, supported by utilities available. The property is situated within a private gated community and is positioned to take in lake views from a peaceful setting. Lot 113 on Shore Crest Way is also enhanced by access to a private boat slip in the community marina.

    Residents of the community enjoy a private, 328-acre stocked lake, along with a boat marina and boat launch for convenient days on the water. Additional amenities include a resort-style community pool with a pavilion and views, a pickleball court, and an RV park. The location provides easy access to nearby towns and recreation, with Dallas about 1.5 hours away, Tyler roughly 30 minutes away, and Houston about 3 hours away.

    For buyers seeking a buildable waterfront lifestyle, this lot is well suited to those who want the flexibility of custom construction paired with community recreation and on-site boating. The combination of hilltop positioning, lake frontage views, gated security, and a dedicated boat slip makes it a strong fit for full-time homeowners and weekend retreat plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Athens
    County
    Henderson
    State
    Texas
    Longitude
    -95.8670944
    Latitude
    32.2452733

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    FAQs

    What type of property is this?
    Residential land & home lot - Hilltop lot in a gated community with lake views, utilities, and a private boat slip.
    Where is this residential land & home lot located?
    The property is located at Shore Crest Way lot 113 Athens, TX.
    What is the asking price?
    The asking price for this property is $54,000.
    What are key features of this property?
    This property features: 1‑acre hilltop lot in a private gated community near Athens, TX; Private boat slip included in the community marina; Community amenities include a private 328‑acre stocked lake, boat launch, and resort‑style pool with pavilion
    (972) 691-7580
    We can help!
    Listing Contact
    Scott Scheffler
    Real Estate License ID: 0591124
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    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.

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