Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront Residential Land Title is generated by Realmo AI

    TR 108 PR 1314, Centerville, TX 75833

    View on Map
    Claim this Listing
    For Sale
    $155,000

    LAND - Other - Centerville, TX

    Lot size:
    2.06 Acres
    Added:
    Jan 19, 2026
    Days on Market:
    135
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for TR 108 PR 1314

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded, Grassed
    Standard status
    Active
    APN
    00000000
    Lot size
    2.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1

    Utilities

    Water front features
    Waterfront, Lake Front
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jenna Harris

    Listing agent Jenna Harris License #0629804

    Listing office The Sears Group Houston, TX

    Listing date Jan 19, 2026

    MLS# 21041300 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

    • Lakefront property with direct access for fishing, swimming, and kayaking.
    • Enjoy the 2‑acre lot in a gated community with lake park, fishing dock, pavilion, and BBQ grills.
    • Ag exemption through on‑site animal farm results in extremely low property taxes (less than $1/year).
    • Located in Three Lakes Ranch on a peaceful cul‑de‑sac with mature trees providing a natural buffer.
    • Build options include traditional homes or barndominiums.
    • Modern amenities include high‑speed fiberoptic internet, central water, paved roads, and electricity.

    Overview

    Build your dream home on a private lakefront lot in a gated community, offering direct waterfront access and a natural treeline buffer along the shoreline. The property is located on a peaceful cul-de-sac and includes an animal farm on-site that provides an agricultural tax exemption, with taxes noted as less than $1 per year. Mature trees line the back of the property leading toward the water, creating a secluded feel while you plan for traditional construction or barndominiums.

    The setting is Three Lakes Ranch, where residents can enjoy three sparkling lakes for swimming, kayaking, paddle boarding, and fishing. A private lake park includes a fishing dock, pavilion, and BBQ grills. Community infrastructure is in place with electricity, central water, paved roads, and high-speed fiberoptic internet. The location is described as just off I-45, providing convenient access between Dallas and Houston, as well as nearby Centerville.

    This is a strong option for buyers seeking a relaxed waterfront lifestyle with practical utilities already available for a future primary residence or year-round build. With lake recreation right at home and shared amenities inside the community, the site supports both weekend retreats and long-term living for households that value privacy, nature, and outdoor activities.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Centerville
    County
    Leon
    State
    Texas
    Longitude
    -95.85501199
    Latitude
    31.29265997

    Nearby Similar for Sale

    • $780,000

      Recreational Hunting Land with South Views

      78-acre recreational tract with easement access and elevated southern views for hunting and fishing.
      County road 204, Centerville, TX 75833
      View Details
    • $1,589,160

      Centerville Ranch with Wildlife Abundance

      Secluded ranch property near Centerville, TX, ideal for nature lovers.
      99999 CR 207, Centerville, TX 75833
      View Details
    • $995,000

      Hunting and Recreational Land

      Timber-and-open acreage with a hunting cabin under construction, trails, and strong deer and waterfowl opportunities.
      Private Road 1428, Centerville, TX 75833
      View Details
    • $430,000

      Centerville Land with Utilities

      39.15 acres with frontage, power, water wells, and timber.
      (39.15 acres) 12868 County Road 122, Centerville, TX 75833
      View Details
    • $430,000

      20-Acre Unrestricted Property

      20-acre unrestricted property with a 4-bed, 3.5-bath home.
      14600 State Highway 7 E, Centerville, TX 75833
      View Details
    • $930,000

      Unimproved Ranch Land Opportunity

      Unimproved acreage suited for ranching or future development planning in Leon County, TX.
      CR 124, Centerville, TX 75833
      View Details
    • $572,357

      Timberland with Mixed Hardwood and Pine

      Mixed timber tract offers heavy timber with hardwood and pine composition for long-term forestry potential.
      CR 204, Centerville, TX 75833
      View Details
    • $165,000

      Gated Ranch Land Parcel

      A gated community homesite with low-tax AG exemption and access to a private lake park with fishing dock and pavilion.
      10.01 Acre TR 94, Centerville, TX 75833
      View Details
    • $376,950

      Agricultural Land Parcel

      Expansive land with an agricultural exemption and frontage on a private road, offering flexibility for future development.
      TR 13 Private Road 1310, Centerville, TX 75833
      View Details
    • $199,000

      Residential Homesite with Private Lake Access

      Choose your builder on a spacious homesite with access to a private lake park, fishing dock, and pavilion.
      Pr 1315, Centerville, TX 75833
      View Details
    • $495,000

      24-Acre Property with Stocked Ponds

      24 acres featuring stocked ponds, ideal for recreation.
      11109 County Road 207, Centerville, TX 75833
      View Details
    • $149,900

      Gated Community Recreational Land

      Build a private retreat on a cul-de-sac homesite in a gated community with lake access and utilities at the lot.
      Pr 1313 lot: 104, Centerville, TX 75833
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot in a gated community with lake access, central water, fiber internet, and paved roads for your build plan.
    Where is this waterfront land located?
    The property is located at TR 108 PR 1314 Centerville, TX.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: Lakefront property with direct access for fishing, swimming, and kayaking.; Enjoy the 2‑acre lot in a gated community with lake park, fishing dock, pavilion, and BBQ grills.; Ag exemption through on‑site animal farm results in extremely low property taxes (less than $1/year).
    (713) 357-0068
    We can help!
    Listing Contact
    Jenna Harris
    Real Estate License ID: 0629804
    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
    TR 108 PR 1314, Centerville, TX 75833
    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!