Riverfront Land with
For Sale
$539,000
1161 River View Road, Millsap, TX 76066
Land, Millsap, TX
Property Size2,000 SF
Lot Size2.00 Acres
Price / SF$269.50
Days on Market109
Property Features for 1161 River View Road
General Information
Property type
Land
Property subtype
Other
Zoning description
Residential
Parking features
RV, Boat
Exterior features
Awnings, OutdoorLivingArea, RvHookup, Storage
Subdivision
Mountain River Estates #2
Lot features
Acreage, Cleared, Retaining Wall
View
Water
Elementary school
Millsap
Middle school
Millsap
High school
Millsap
Elementary school district
Millsap ISD
Middle school district
Millsap ISD
High school district
Millsap ISD
Directions
GPS Friendly
Standard status
Active
APN
20760
Lot size
2.00 Acres
Taxes and HOA fees
Tax Description
1.001 MOUNTAIN RIVER EST #2 BLK 2 LOT 268
Legal Description
1.001 MOUNTAIN RIVER EST #2 BLK 2 LOT 268
Utilities
Water front features
River Front, Beach Access
Water front
1
Building Details
Year built
2018
Architectural style
Other
Additional Structures
Shed(s), Storage
Listing Agency:
Mountain Creek Real Estate,LLC
Listed By:
Bari Mcglothlin
(817) 992-0921
Added: Jul 17
Changed: Oct 29
Last Checked: Nov 2 at 12:06PM
MLS# 21302170
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.
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Investment Insights
Based on property information with market context.
Riverfront land in a gated community along the Brazos River, offering three lots totaling approximately 2 acres. The property includes mature pecan trees and a private boat ramp designed for kayaks or small vessels, plus a private beach. There is also a barndo on-site with a bunk room, garage, and a bathroom with a shower, along with washer and dryer hookups.
Outdoor features include a covered area for recreational vehicles, a large covered patio with ceiling fans, and a small fenced area for pets with a shed for storage. Two included RVs are listed on the property: a 45 ft Lesabre 5th wheel and a 30 ft 5th wheel. Located in Millsap, TX at 1161 River View Road (Palo Pinto County), the setting is tailored to personal enjoyment and flexible use as a rental property.
Outdoor features include a covered area for recreational vehicles, a large covered patio with ceiling fans, and a small fenced area for pets with a shed for storage. Two included RVs are listed on the property: a 45 ft Lesabre 5th wheel and a 30 ft 5th wheel. Located in Millsap, TX at 1161 River View Road (Palo Pinto County), the setting is tailored to personal enjoyment and flexible use as a rental property.
Key Highlights
- Gated community property on the Brazos River with private boat ramp and beach access
- 2‑acre property with mature pecan trees, plus a small fenced pet area
- 2018‑built 2,000 SF barndo with bunk room, garage, and a bathroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,412
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,240
$608.2K
Cap Rate 7%
$434,457
$434.5K
Cap Rate 9%
$337,911
$337.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$61.9K $30.96/SF
− Vacancy
−$6.6K −$3.31/SF
EGI
$55.3K $27.65/SF
− OpEx
−$24.9K −$12.44/SF
NOI
$30.4K $15.21/SF
Area
Parker County, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,240
Cap Rate 7%
$434,457
Cap Rate 9%
$337,911
Alternative Uses
Best Use
Apartment 5plus
$434.5K
$380.2K – $506.9K
NOI $30,412 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.99M
$1.74M – $2.32M
NOI $139,113 @ 7.0% cap · market cap 25.81%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
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Business Placement
Demographics for 76066, TX
3,816
Population
1,977
Households
1.9
Avg Household Size
42
Median Age
34%
College-Educated
87%
High-School Grad
88.0 sq mi
ZIP Area
43
Density / Sq Mi
$102,931
Median Household Income
$55,859
Median Earnings
$834
Median Rent
$246,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Gated riverfront property with a barndo, private boat ramp, and beach along the Brazos River.
Where is this waterfront land located?
The property is located at 1161 River View Road Millsap, TX.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Gated community property on the Brazos River with private boat ramp and beach access; 2‑acre property with mature pecan trees, plus a small fenced pet area; 2018‑built 2,000 SF barndo with bunk room, garage, and a bathroom with shower
