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    Waterfront Homesite with Boathouse Title is generated by Realmo AI

    2119 Hickory Trace, Mabank, TX 75156

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    For Sale
    $189,000

    LAND - Mabank, TX

    Lot size:
    0.16 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    58
    Last Refresh:
    Jun 5 at 8:06 pm

    Property Features for 2119 Hickory Trace

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared
    Fencing
    Fenced
    Standard status
    Active
    APN
    22850000153060
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    LOT: LT 153 CAROLYNN ESTATES
    Tax Annual Amount
    2232

    Utilities

    Sewer type
    Septic Tank, Aerobic Septic
    Water source
    Public
    Water front features
    Waterfront, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Stone Huffman
    Stone Huffman

    Listing agent Stone Huffman License #0719410

    Listing office Coldwell Banker American Dream Gun Barrel City, TX

    Listing date Apr 9, 2026

    MLS# 21192642 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

    • 63 ft of shoreline on Cedar Creek Lake, cleared for a custom lake home with a gentle slope toward the water.
    • 2023‑built boathouse with a covered slip, electric lift, and an expansive upper‑level party deck for water views.
    • Shoreline improvements include channel dredging and a steel retaining wall for long‑term stability and shoreline protection.
    • Utilities available; public water hookup and septic via septic tank and aerobic septic.
    • Located in the gated Carolynn Estates community with a private boat ramp, fishing dock, park, and community center.
    • Survey on file; fenced lot with waterfront and lakefront features.

    Overview

    This waterfront homesite is cleared and ready for construction, offering approximately 63 feet of shoreline with a gentle slope toward Cedar Creek Lake. The property already includes major improvements designed to support long-term shoreline function, including a steel retaining wall along the waterline for stability and protection. A 2023-built boathouse features a covered slip with an electric lift and an expansive upper-level party deck built to take advantage of lake views. During construction, the channel was dredged, which supports practical waterfront access for the future homeowner. With utilities available and a survey on file, much of the site groundwork is already completed, reducing the time and cost typically associated with starting from raw waterfront land.

    The lot is located inside the gated Carolynn Estates community on the southeast side of Cedar Creek Lake. Community amenities include a private boat ramp, a fishing dock, a park, and a community center, all set within a natural preserve atmosphere with abundant wildlife. The setting is designed for a quieter lifestyle while remaining within convenient driving distance to town amenities.

    For buyers seeking a waterfront build-ready site, this property suits those who want to minimize upfront site work while still securing strong water sight lines and a functional, turnkey boathouse component. It is also a compelling option for lake lifestyle buyers who value a maintained shoreline and an elevation advantage for a future custom home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Accounting Firm Kitchen & Bath Showroom HVAC Service Electronics & Wireless Store Computer & Electronic Repair Travel Agency Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Mabank
    County
    Henderson
    State
    Texas
    Longitude
    -96.07801722
    Latitude
    32.23422639

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    FAQs

    What type of property is this?
    Waterfront Land - Cleared waterfront lot with a 2023 boathouse, electric lift, and shoreline retaining wall—ideal for building your custom lake home.
    Where is this waterfront land located?
    The property is located at 2119 Hickory Trace Mabank, TX.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: 63 ft of shoreline on Cedar Creek Lake, cleared for a custom lake home with a gentle slope toward the water.; 2023‑built boathouse with a covered slip, electric lift, and an expansive upper‑level party deck for water views.; Shoreline improvements include channel dredging and a steel retaining wall for long‑term stability and shoreline protection.
    (903) 887-7055
    We can help!
    Listing Contact
    Stone Huffman
    Stone Huffman
    Real Estate License ID: 0719410
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    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.

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