Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Resort Lot with Exclusive Amenities Title is generated by Realmo AI

    29104 Greenwood Drive, Whitney, TX 76692

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land in gated community with golf, pools, and more.

    Type:Land
    Added:
    Nov 8, 2025
    Days on Market:
    209
    Last Refresh:
    May 13 at 9:33 pm

    Property Features for 29104 Greenwood Drive

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Matthew Traylor
    Matthew Traylor

    Listing agent Matthew Traylor License #0532103

    Listing office RE/MAX The Woodlands & Spring

    Listing date Nov 8, 2025

    Source Compass

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

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX The Woodlands & Spring

    HighLights

    • Ownership includes access to extensive resort amenities: golf, pools, marina, RV facilities, sports courts, restaurants, and more.
    • Enjoy three complimentary rounds of golf monthly.
    • Access to two championship 18‑hole golf courses.
    • Gated community providing security and exclusivity.
    • Four swimming pools available for use.
    • Boat ramp and marina access.

    Overview

    This lot offers access to luxury country living within the White Bluff Resort. Ownership includes exclusive amenities such as three complimentary monthly rounds of golf, access to four swimming pools, a boat ramp and marina, RV camping facilities, tennis and pickleball courts, restaurants, a chapel, and a conference center. The gated community features two 18-hole championship golf courses. Native deer and abundant wildlife contribute to a peaceful atmosphere.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitney
    County
    Hill
    State
    Texas
    Longitude
    -97.3167
    Latitude
    31.9659

    Nearby Similar for Sale

    • $2,500,000

      Turnkey Bar and Restaurant

      Fully equipped bar and restaurant with updated interior and exterior improvements, positioned near Lake Whitney for steady demand.
      3261 Fm 933, Whitney, TX 76692
      View Details
    • $875,000
      13,362 SF

      Retail Property with Vacant Space

      Retail property with Family Dollar and vacant, remodeled space.
      309 S Bosque Street, Whitney, TX 76692
      View Details
    • $339,900

      Live-Work Office and Residence

      Versatile live-work setup with a climate-controlled workshop garage, reception space, private office, and business-ready frontage.
      5528 Fm 933, Whitney, TX 76692
      View Details
    • $130,000

      Commercial Land with Road Frontage

      An accessible, high-visibility lot on FM 1713 with utilities in place and flexible access for business or development.
      1023 Fm 1713, Whitney, TX 76692
      View Details
    • $2,750,000

      Lake-View Ranch with Development Potential

      Turnkey working ranch with a large home, livestock facilities, and elevated build sites with Lake Whitney views.
      338 Hcr 2124 Loop, Whitney, TX 76692
      View Details
    • $2,600,000

      Lake Whitney Resort Investment Opportunity

      Fifteen-unit complex in White Bluff Resort near Lake Whitney.
      17094 Trailwood Drive, Out Of Area, TX 76692
      View Details
    • $259,750

      Commercial Development Land with Utilities

      Flexible land on a dedicated road with city water and sewer in place for commercial or residential development.
      Sims Drive, Whitney, TX 76692
      View Details
    • $648,130

      Recreational Acreage with Ponds

      A rural tract with pasture, mature trees, and multiple ponds—well suited for hunting, wildlife viewing, or a weekend retreat.
      HCR 2115, Whitney, TX 76692
      View Details
    • $800,000

      Lakefront RV Park with Storage

      Well-kept lakefront RV park with secured entry, full hookups, and multiple on-site income streams.
      128 Yellowstone Drive, Whitney, TX 76692
      View Details
    • $389,250

      Commercial and Residential Development Land

      Two tracts separated by a dedicated road offer flexible development with city water and sewer already in place.
      Sims Drive, Whitney, TX 76692
      View Details

    FAQs

    What type of property is this?
    Land - Land in gated community with golf, pools, and more.
    Where is this land located?
    The property is located at 29104 Greenwood Drive Whitney, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Ownership includes access to extensive resort amenities: golf, pools, marina, RV facilities, sports courts, restaurants, and more.; Enjoy three complimentary rounds of golf monthly.; Access to two championship 18‑hole golf courses.
    (936) 524-2510
    We can help!
    Listing Contact
    Matthew Traylor
    Matthew Traylor
    Real Estate License ID: 0532103
    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
    29104 Greenwood Drive, Whitney, TX 76692
    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!