Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Gated Community Lot Title is generated by Realmo AI

    138 Walnut Creek Lane, Boyd, TX 76023

    View on Map
    Claim this Listing
    For Sale
    $95,000

    LAND - Boyd, TX

    Lot size:
    0.76 Acres
    Added:
    May 14, 2026
    Days on Market:
    25
    Last Refresh:
    Jun 7 at 4:06 am

    Property Features for 138 Walnut Creek Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    784568
    Lot size
    0.76 Acres

    Taxes and HOA fees

    Tax Description
    LOT 7 BLK J HIGHLAND OAKS PH 1A
    Tax Annual Amount
    1561

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Bruce Furgerson

    Listing agent Bruce Furgerson License #0369856

    Listing office Parker Properties Real Estate Decatur, TX

    Listing date May 14, 2026

    MLS# 21162020 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

    • Waterfront lot in the Highland Oaks subdivision in a gated community
    • Water and sewer services available: public water and public sewer
    • Community offers 3 private, landscaped retention ponds for catch‑and‑release fishing
    • Highland Oaks amenities include a community center with a large, covered patio
    • Community includes a junior Olympic swimming pool and a children's wading pool
    • Underground utilities: water, gas, and electric

    Overview

    This waterfront land lot is located within the Highland Oaks subdivision, offered as an exclusive, gated community setting. The community features three private, landscaped retention ponds designed for catch-and-release fishing, along with a community center with a large, covered patio. Recreational amenities include a junior Olympic swimming pool and a children’s wading pool, and approximately 26% of the land is reserved as greenbelt and common areas. Utilities are described as being underground, supporting a cleaner overall streetscape across the subdivision.

    Highland Oaks is positioned to balance privacy and day-to-day convenience, with full city services noted for the community. Water, gas, and electric are all listed as available through underground utility runs. Additional subdivision detail provided in the listing indicates that several lots are available, with more lot information to be found in the pictures. The property is in Boyd, Texas, in Wise County.

    For buyers seeking a private estate-style build site, this lot offers an appealing combination of waterfront setting and community-focused amenities, with substantial land set aside for common areas. The gated environment and family-oriented recreation facilities may fit well for owner-builders looking for a quieter, more controlled neighborhood feel while still maintaining access to established services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Boyd
    County
    Wise
    State
    Texas
    Longitude
    -97.558097
    Latitude
    33.100747

    Nearby Similar for Sale

    • $595,000

      Approvals-Ready Development Lot

      City approval supports up to 16 lots, with potential zoning flexibility for commercial conversion in a fast-growing Boyd location.
      108 N Agnew Street, Boyd, TX 76023
      View Details
    • $449,999

      Three-Acre Horse Property with Barn

      Versatile three-acre parcel in Boyd, TX with a 40x40 insulated barn, office-living space, and horse-ready pasture.
      579 County Road 4599, Boyd, TX 76023
      View Details
    • $850,000

      Agricultural Land Opportunity

      Zoned for agriculture and located within the city limits, with entry off N Agnew for flexible future planning.
      100 N Agnew Street, Boyd, TX 76023
      View Details
    • $2,600,000

      Recreational Hunting Tract with River Frontage

      Sizable Wise County tract with Trinity River frontage, open pasture, and wildlife habitat for hunting, hay, or grazing uses.
      Abel Lane, Boyd, TX 76023
      View Details
    • $1,685,315

      Boyd, TX Ranch Land

      108.73 acres with highway frontage and mature timber.
      Hwy 114, Boyd, TX 76023
      View Details
    • $275,000

      Boyd, TX Cleared Land

      4 acre homesite ready for your dream home in Boyd.
      170 County Road 4678, Boyd, TX 76023
      View Details
    • $70,000

      Corner Development Lot with Utilities

      A fenced corner lot in Boyd ISD with new sewer and water lines and room to build or hold for investment.
      Boyd Avenue, Boyd, TX 76023
      View Details
    • $225,000

      Secluded Wooded Land in Boyd, TX

      4.85-acre wooded estate, no HOA, 30 minutes from Fort Worth.
      County Road 4773, Boyd, TX 76023
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Build in an exclusive gated community with waterfront access, private retention ponds, and extensive greenbelt space.
    Where is this waterfront land located?
    The property is located at 138 Walnut Creek Lane Boyd, TX.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Waterfront lot in the Highland Oaks subdivision in a gated community; Water and sewer services available: public water and public sewer; Community offers 3 private, landscaped retention ponds for catch‑and‑release fishing
    (940) 627-9040
    We can help!
    Listing Contact
    Bruce Furgerson
    Real Estate License ID: 0369856
    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
    138 Walnut Creek Lane, Boyd, TX 76023
    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!