Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land in Emerald Bay Title is generated by Realmo AI

    00 Ruby Way, Malakoff, TX 75148

    View on Map
    Claim this Listing
    New
    For Sale
    $447,575

    Improved Land - Caney City, TX

    Lot size:
    0.41 Acres
    Added:
    May 30, 2026
    Days on Market:
    2
    Last Refresh:
    May 31 at 1:06 pm

    Property Features for 00 Ruby Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    200054421
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Expense value
    1800
    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
    Donna Smith
    Donna Smith

    Listing agent Donna Smith License #0816690

    Listing office Duggan Realty Advisors L.L.C. 7500 San Jacinto Place, Plano, TX

    Listing date May 30, 2026

    MLS# 21286167 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

    • 42' of Waterfront on Cedar Creek Lake: Enjoy direct access and stunning views.
    • Exclusive Gated Community: Experience security and privacy within a community of 71 homesites.
    • Comprehensive Amenities: Take advantage of the pool, pickleball and basketball courts, playground, and fire pit.
    • Convenient Location: Just over an hour from Dallas, perfect for a quick escape.
    • Proximity to Pinnacle Golf Club: Located 10 minutes from the 18‑hole championship golf course.
    • High‑Quality Infrastructure: Concrete roads, underground utilities, street lighting, and fiber optic connections are all included.

    Overview

    Located in Emerald Bay at Cedar Creek Lake, this property offers a homesite within a community of 71 exclusive homesites across 44 acres. Situated just over an hour east of downtown Dallas, Emerald Bay provides a lake lifestyle with amenities that include a swimming pool, pickleball courts, basketball courts, a playground, and a fire pit. Golf cart trails navigate the community. This gated community features concrete roads, curb and gutter, underground utilities, street lighting, private water, private sewer, and fiber optic connections. Deed restrictions and architectural guidelines are in place for builders. The property, identified as LOT #28, includes 42' of waterfront. The community is located a 10-minute drive from the Pinnacle Golf Club, an 18-hole championship golf course.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Malakoff
    County
    Henderson
    State
    Texas
    Longitude
    -96.026202
    Latitude
    32.20834

    Nearby Similar for Sale

    • $1,100,000
      13,000 SF

      Highway Commercial Property For Sale

      Large commercial property with highway frontage in Malakoff, Texas.
      11251 State Highway 31 W, Malakoff, TX 75148
      View Details
    • $269,000
      2,500 SF

      Turn-Key Restaurant and Retail Space

      Restaurant and retail space in thriving Malakoff, Texas.
      213 S Terry Street, Malakoff, TX 75148
      View Details
    • $850,000
      1,104 SF

      Waterfront Cottage with Acreage

      3.4 acres with waterfront, boathouse, and potential for development.
      6001 Melba Dr, Malakoff, TX 75148
      View Details
    • $550,000
      2,312 SF

      Malakoff Ranch with Two Ponds

      14+ acre ranch near Cedar Creek Lake.
      2509 County Road 1703, Malakoff, TX 75148
      View Details
    • $219,000

      Malakoff Land For Sale

      3.1 acres of land with highway frontage on Hwy 31.
      1645 E Royall Boulevard, Malakoff, TX 75148
      View Details
    • $110,000
      1,200 SF

      Malakoff Warehouse on Acreage

      1200 sq ft warehouse on over an acre.
      CR 1400, Malakoff, TX 75148
      View Details
    • $575,000

      Waterfront Land in Gated Community

      1.1-acre waterfront homesite with private marina and community amenities.
      13801 Rock Springs, Malakoff, TX 75148
      View Details
    • $575,000

      Waterfront Land in Gated Community

      1.1-acre waterfront homesite with open water views and community amenities.
      13801 Rock Springs, Malakoff, TX 75148
      View Details
    • $125,000

      Stand Alone Building on Highway

      Stand alone building on high traffic main Hwy 31.
      505 E Royall Boulevard, Malakoff, TX 75148
      View Details
    • $800,000

      Waterfront Land in Gated Community

      Secluded 4-acre waterfront property with boathouse in gated community.
      14192 Ridge Lane, Malakoff, TX 75148
      View Details
    • $521,700
      1,536 SF

      Sprawling Acreage in East Texas

      48.27 acres with a 1,536 SF home in Malakoff, TX.
      12077 County Road 1200, Malakoff, TX 75148
      View Details
    • $175,000

      Historic Corner Building in Malakoff

      Antique brick building in downtown Malakoff near Cedar Creek Lake.
      207 S Terry Street, Malakoff, TX 75148
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Luxury waterfront homesite in gated community with premier amenities.
    Where is this waterfront land located?
    The property is located at 00 Ruby Way Malakoff, TX.
    What is the asking price?
    The asking price for this property is $447,575.
    What are key features of this property?
    This property features: 42' of Waterfront on Cedar Creek Lake: Enjoy direct access and stunning views.; Exclusive Gated Community: Experience security and privacy within a community of 71 homesites.; Comprehensive Amenities: Take advantage of the pool, pickleball and basketball courts, playground, and fire pit.
    (972) 980-9686
    We can help!
    Listing Contact
    Donna Smith
    Donna Smith
    Real Estate License ID: 0816690
    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
    00 Ruby Way, Caney City, TX 75148
    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!