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

    3266 Shadow Pine Drive, Larue, TX 75770

    View on Map
    Claim this Listing
    For Sale
    $229,900

    LAND - Larue, TX

    Lot size:
    1.35 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    80
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 3266 Shadow Pine Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    317147
    Lot size
    1.35 Acres

    Taxes and HOA fees

    Tax Description
    LT 60 AB 178 WT Carter SUR, LegacyShores(RE:TR1)
    Tax Annual Amount
    3772

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Mimi Burch

    Listing agent Mimi Burch License #0620107

    Listing office Staples Sotheby's International Realty LLC Frankston, TX

    Listing date Mar 19, 2026

    MLS# 20885569 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

    • 1.349‑acre waterfront lot with gently sloping build site and panoramic views of Flat Bay
    • 140' of waterfront frontage with room to build a boathouse
    • Located near the end of a private, gated subdivision for additional privacy
    • Legacy Shores gated subdivision features newly paved roads and community water
    • Subdivision has 91 home sites
    • Lakefront area suitable for bass fishing and paddle sports (canoeing, kayaking, paddleboards)

    Overview

    Rare waterfront building site in Legacy Shores, a private, gated subdivision with newly paved roads and community water. The lot gently slopes toward open water, offering panoramic views of Flat Bay, with 140 feet of waterfront providing room for a future boathouse. The property’s placement near the end of the subdivision supports a more private setting.

    Surrounded by natural habitat, the area is known for local wildlife, including deer, ducks, heron, songbirds, fox, and rabbits. The waterfront setting also supports a variety of low-impact recreation such as bass fishing, canoeing, kayaking, paddleboarding, and nature viewing. The subdivision is positioned for convenient access to larger regional markets, including Dallas, Houston, and Austin.

    This parcel is well suited for buyers looking to build a custom waterfront residence in a quiet, amenity-supported community. With its view-focused topography and meaningful water frontage, it offers a strong foundation for a plan that prioritizes outdoor living and direct access to the lake.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Grocery & Convenience Store Food Market Pet Store & Service Farmer's Market Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Larue
    County
    Henderson
    State
    Texas
    Longitude
    -95.534747
    Latitude
    32.2071029

    Nearby Similar for Sale

    • $3,995,000

      Ranch with Stocked Lake

      East Texas ranch with a stocked lake, working ranch improvements, and an on-site barndominium ready for immediate use.
      11843 Highway 175 E, Larue, TX 75770
      View Details
    • $239,000

      Gated Waterfront Homesite

      Waterfront lot in the Legacy Shores gated community on Lake Palestine, with a cleared build site and added culvert access.
      3132 Shadow Pine Drive, Larue, TX 75770
      View Details
    • $818,000

      Wooded Hunting Land with Creek

      Nearly 100 acres with year-round Caney Creek and road frontage on two roads for flexible use and development access.
      FM 315, Larue, TX 75770
      View Details
    • $175,000

      Waterfront Wooded Homesite with Boat Access

      Private gated lake homesite in Flat Cove with wooded privacy and designated boat slip access for year-round recreation.
      3121 Shadow Pines, Larue, TX 75770
      View Details
    • $179,900

      Wooded Waterfront Land Lot

      Wooded lakefront lot in a gated community with shared fishing and RV facilities for a private country getaway.
      9122 Safari Bluff, Larue, TX 75770
      View Details
    • $105,000

      Gated Ranch Homesite Acreage

      Private 5-acre homesite in a gated community with lake access amenities and room for a custom build.
      7413 Quail Hollow Court, Larue, TX 75770
      View Details
    • $274,999

      Waterfront Lake Lot with Dock Potential

      Secluded lakefront lot with hardwood trees and direct waterfront for a future dock or boathouse build.
      Legacy Shores Lot 21 3142 Shadow Pine Drive, Larue, TX 75770
      View Details
    • $245,000

      Waterfront Residential Land with Boathouse

      Gently sloping waterfront homesite in a gated Lake Palestine community, offering over 160 feet of shoreline for a boathouse.
      3268 Shadow Pine Dr Lot 61, LaRue, TX 75770
      View Details
    • $175,000

      Waterfront Gated Homesite

      Wooded lake homesite behind a gated entry, with community utilities and access to a designated boat slip area.
      3121 Shadow Pine Drive, LaRue, TX 75770
      View Details
    • $149,900

      Wooded Waterfront Cul-de-Sac Lot

      Gated community wooded lot with a built house pad and waterfront access to a fishing pond.
      8950 Timber Ridge, LaRue, TX 75770
      View Details
    • $385,000

      Waterfront Development Lot

      Gated Lake Palestine community lot with wooded privacy and direct shoreline on Flat Creek Bay for custom waterfront living.
      3150 Shadow Pine Drive, Larue, TX 75770
      View Details
    • $118,000

      Lake Cove Waterfront Homesite

      Level, hardwood-covered lot in a gated ranch community with waterfront views and dedicated recreational amenities.
      9042 Safari Bluff, Larue, TX 75770
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Gently sloped waterfront lot with panoramic Flat Bay views and 140 feet of water frontage for a custom home.
    Where is this waterfront land located?
    The property is located at 3266 Shadow Pine Drive Larue, TX.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: 1.349‑acre waterfront lot with gently sloping build site and panoramic views of Flat Bay; 140' of waterfront frontage with room to build a boathouse; Located near the end of a private, gated subdivision for additional privacy
    (903) 876-1051
    We can help!
    Listing Contact
    Mimi Burch
    Real Estate License ID: 0620107
    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
    3266 Shadow Pine Drive, Larue, TX 75770
    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!