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    179 Springlake Dr Gladewater, TX 75647

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    For Sale
    $2,900,000

    98-acre estate with lake frontage, historic significance, and modern amenities.

    Lot size:
    98.24 Acres

    Property Features for 179 Springlake Dr

    General Information

    Lot size
    98.24 Acres

    Building Details

    Year built
    1938

    Source: Realty Of America - Heights Agent Wajdi Ahmad

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lunagua Wildlife Farm Estate

    This 98-acre estate, known as Lunagua Wildlife Farm, features woodlands, meadows, and water resources. The property includes over 1,100 feet of Lake Gladewater shoreline and a 1.5-acre spring-fed pond. The main residence spans 3,726 square feet and includes 4 bedrooms and 4 bathrooms, tall ceilings, and expansive windows. A 756-square-foot guesthouse was constructed in 2024. Additionally, there is a 1,440-square-foot barn built in 2015. A 1,230-square-foot wood deck overlooks the lake. The property's history dates back to 1877 when a Civil War medic acquired the land, drawn to the natural springs. In 1938, the Phillips Oil Company office was built on the property, becoming a local hub.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Discount Store Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gladewater
    County
    Gregg
    State
    Texas
    Longitude
    -94.9346
    Latitude
    32.5672

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    FAQs

    What type of property is this?
    Farm - 98-acre estate with lake frontage, historic significance, and modern amenities.
    Where is this farm located?
    The property is located at 179 Springlake Dr Gladewater, TX.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - 98-acre Lunagua Wildlife Farm with woodlands, meadows, and water features including **1,100+ft of Lake Gladewater frontage and a 1.5-acre spring-fed pond**.; - **3,726SF main residence with 4 bedrooms and 4 baths, featuring tall ceilings and expansive windows.**; - Includes a 756SF guesthouse (built in 2024) and a 1,440SF barn (built in 2015).
    (832) 433-5804
    Request Owner's contact information
    179 Springlake Dr Gladewater, TX 75647
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    Gladewater, TX 75647
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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

    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.

    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
    179 Springlake Dr Gladewater, TX 75647
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