Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakefront Land in Heath, Texas Title is generated by Realmo AI

    1534 Hubbard Drive, Heath, TX 75032

    View on Map
    Claim this Listing
    New
    For Sale
    $3,850,000

    Unimproved Land - Heath, TX

    Type:Unimproved Land
    Lot size:
    1.88 Acres
    Added:
    May 8, 2026
    Days on Market:
    5
    Last Refresh:
    May 12 at 12:06 pm

    Property Features for 1534 Hubbard Drive

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    19876
    Lot size
    1.88 Acres

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Grant Whittle

    Listing agent Grant Whittle License #0649932

    Listing office VIP Realty 3010 LBJ Fwy, Ste 1200, Dallas, TX

    Listing date May 8, 2026

    MLS# 21262438 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

    • 1.88+ acre lakefront property on Lake Ray Hubbard, offering a rare opportunity to build a custom estate.
    • Enjoy Unobstructed lake views and waterside living in a private, prestigious setting.
    • One of the last remaining oversized vacant lakefront properties on Lake Ray Hubbard.
    • Ideal for building an expansive custom home for entertaining and relaxation.
    • Walking distance to Heath Golf and Yacht Club, a premier 18‑hole private golf course.
    • Located in Heath, Texas, less than 25 miles from downtown Dallas.

    Overview

    Located at 1534 Hubbard Drive in Heath, Texas, this 1.88-acre lakefront property offers the opportunity to design a premier lakefront estate. The lot provides a canvas to build a custom home that blends elegance, privacy, and waterside living. The property offers unobstructed views across Lake Ray Hubbard and is one of the last remaining luxury lakefront estates. This property is suited for building an expansive custom home for entertaining and relaxation. It is within walking distance of Heath Golf and Yacht Club, an 18-hole private golf course, and less than 25 miles from downtown Dallas. This is one of the few remaining oversized vacant lakefront properties on Lake Ray Hubbard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Gym & Fitness Center Auto Repair Shop Kitchen & Bath Showroom Bar & Pub Electrical Service Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Heath
    County
    Kaufman
    State
    Texas
    Longitude
    -96.49135
    Latitude
    32.82214

    Nearby Similar for Sale

    • $1,110,257

      Commercial Land in Heath, Texas

      Three pad-ready commercial building sites in Heath's Horizon Business area.
      3c-d Jeff Boyd Road, Heath, TX 75032
      View Details
    • $995,000

      Land for Custom Home in Heath

      3.77 acre homesite in Heath, Texas, near Dallas.
      1603 Smirl Drive, Heath, TX 75032
      View Details
    • $1,110,257

      Commercial Land in Heath, Texas

      Three commercial building sites in Heath's Horizon Business & Medical area.
      3c-d Jeff Boyd Road, Heath, TX 75032
      View Details
    • $745,000

      Terrabella Waterfront Estate Homesite Opportunity

      One-acre homesite in exclusive waterfront community with lake views.
      8 Terrabella Lane, Heath, TX 75032
      View Details
    • $318,500

      Residential Land Near Lake Hubbard

      43 acres with 17 homesites near Lake Ray Hubbard.
      232 Terry Lane, Heath, TX 75032
      View Details
    • $2,800,000

      Lake Ray Hubbard Waterfront Homesite

      Rare opportunity to build your dream waterfront home.
      520 Terry Lane, Heath, TX 75032
      View Details
    • $499,950

      Residential Land in Heath, TX

      Build-ready homesite with trees and privacy in Heath, Texas.
      337 Broadmoor Drive, Heath, TX 75032
      View Details
    • $731,808

      Commercial Land in Heath, TX

      Three commercial building sites in prime Heath location.
      3 B Jeff Boyd Road, Heath, TX 75032
      View Details
    • $2,495,000

      Waterfront Lot in Heath, Texas

      One-acre waterfront lot with panoramic lake and city views.
      6 Terrabella Lane, Heath, TX 75032
      View Details
    • $1,499,500

      Heath TX Acreage with Lake Access

      Unique 4.7-acre building site with lake access in Heath, TX.
      709 Smirl Drive, Heath, TX 75032
      View Details
    • $735,296

      Commercial Land in Heath, TX

      Three commercial building sites in Heath's Horizon Business & Medical area.
      3 A Jeff Boyd Road, Heath, TX 75032
      View Details
    • $1,100,000

      Heath TX Estate Lot

      3-acre homesite with pond and completed improvements.
      1204 Smirl, Heath, TX 75032
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.88 acre lakefront property to design your dream estate.
    Where is this waterfront land located?
    The property is located at 1534 Hubbard Drive Heath, TX.
    What is the asking price?
    The asking price for this property is $3,850,000.
    What are key features of this property?
    This property features: 1.88+ acre lakefront property on Lake Ray Hubbard, offering a rare opportunity to build a custom estate.; Enjoy Unobstructed lake views and waterside living in a private, prestigious setting.; One of the last remaining oversized vacant lakefront properties on Lake Ray Hubbard.
    (214) 295-4888
    We can help!
    Listing Contact
    Grant Whittle
    Real Estate License ID: 0649932
    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
    1534 Hubbard Drive, Heath, TX 75032
    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!