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    Waterfront Homesite in Gated Community Title is generated by Realmo AI

    360 Lakewood Lane, Honey Grove, TX 75446

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    Claim this Listing
    For Sale
    $499,000

    LAND - Honey Grove, TX

    Lot size:
    2.06 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    94
    Last Refresh:
    Jun 7 at 4:06 am

    Property Features for 360 Lakewood Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    000000138473
    Lot size
    2.06 Acres

    Taxes and HOA fees

    Tax Description
    SHORES AT THE PENINSULA, LOT 26, ACRES 2.06
    Tax Annual Amount
    7299

    Utilities

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

    We can help!

    Listing Contact
    LESTON Eustache

    Listing agent LESTON Eustache License #0651807

    Listing office Bray Real Estate Group- Dallas Dallas, TX

    Listing date Mar 5, 2026

    MLS# 21196610 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+ acre lakefront homesite in The Shores at The Peninsula on Bois d’Arc Lake in Honey Grove
    • Waterfront features include Lake Front and Waterfront setting on a 17,000‑acre lake
    • Public water and public sewer available for the homesite
    • Bring‑your‑own‑builder opportunity for a custom primary residence, weekend home, or investment property
    • Community marinas include an 8‑slip marina, The Shores Marina, and The Peninsula’s 20‑slip marina
    • Gated community amenities include a multi‑million‑dollar clubhouse, infinity‑edge pool, fitness center, observation deck, mini golf, and outdoor cooking areas

    Overview

    This waterfront land offering provides a canvas for a custom-built primary residence, weekend getaway, or investment property at Bois d’Arc Lake. Located within The Shores at The Peninsula, it is presented as a bring-your-own-builder homesite, giving you flexibility to design and construct according to your vision. The property size is listed as 2.06 acres, providing room for thoughtful site planning while taking advantage of the lakeside setting.

    The Shores at The Peninsula is described as a prestigious gated community on the shores of the 17,000-acre Bois d’Arc Lake. Community amenities include a multi-million-dollar clubhouse with an infinity-edge pool, a state-of-the-art fitness center, an observation deck, mini golf, and outdoor cooking areas. The listing also notes multiple community marinas, including an 8-slip marina, The Shores Marina, and a 20-slip marina, supporting convenient access for boating and other on-water recreation.

    For buyers seeking a long-term lake investment or a personal build site, this property aligns well with owners who value the lifestyle component of a full amenity community plus on-site marina access. With the ability to bring your builder, it may also appeal to custom home designers and operators looking for a lakeside site in a gated environment with established recreational infrastructure.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Honey Grove
    County
    Fannin
    State
    Texas
    Longitude
    -95.9128
    Latitude
    33.6219

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    FAQs

    What type of property is this?
    Waterfront Land - Build a custom lake retreat on a spacious homesite with community amenities and direct marina access at Bois d’Arc Lake.
    Where is this waterfront land located?
    The property is located at 360 Lakewood Lane Honey Grove, TX.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 1+ acre lakefront homesite in The Shores at The Peninsula on Bois d’Arc Lake in Honey Grove; Waterfront features include Lake Front and Waterfront setting on a 17,000‑acre lake; Public water and public sewer available for the homesite
    (214) 448-8961
    We can help!
    Listing Contact
    LESTON Eustache
    Real Estate License ID: 0651807
    Learn More
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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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