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    Waterfront Peninsula Land Title is generated by Realmo AI

    3855 County Road 3410, Lone Oak, TX 75453

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    For Sale
    $9,995,000

    LAND - Other - Lone Oak, TX

    Lot size:
    79.96 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    35
    Last Refresh:
    Jun 3 at 9:06 am

    Property Features for 3855 County Road 3410

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed, Brush, Wooded
    Exterior features
    BoatSlip, Dock, PrivateYard
    Fencing
    Fenced
    Standard status
    Active
    APN
    33979
    Lot size
    79.96 Acres

    Taxes and HOA fees

    Tax Description
    A0893 RANEY WYATT, TRACT 5, ACRES 79.958,(ALS
    Tax Annual Amount
    3730

    Utilities

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

    Building Details

    Year built
    1989
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Hershenberg
    Michael Hershenberg

    Listing agent Michael Hershenberg License #0668097

    Listing office Real Broker, LLC Dallas, TX

    Listing date Apr 30, 2026

    MLS# 21062561 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

    • 79.958 acres of private lakefront land on its own peninsula on Lake Tawakoni
    • Lakefront with a private dock, boat slip, boat lift, and a separate watercraft lift
    • Single‑family ranch‑style land setup with fenced areas and private yard
    • Water provided by a well; sewer via septic tank
    • Year built: 1989

    Overview

    Offered for sale, this waterfront land parcel totals 79.958 acres and sits on its own peninsula on Lake Tawakoni. The property is described as private and manicured, with a private dock that includes a boat slip and lift as well as a separate watercraft lift, supporting direct lake access.

    Located in Lone Oak, Texas within Hunt County, the property’s peninsula setting provides a secluded waterfront environment well suited to buyers looking for privacy and expansive outdoor space. The shoreline and dock infrastructure create a clear foundation for continued investment in a lakefront lifestyle.

    This site can work for an end-user seeking a private, estate-style compound with dedicated dock access, or for an investor evaluating the potential to develop a luxury lakefront residential community. With nearly 80 acres and a distinctive peninsula configuration, the property offers flexibility for future planning where exclusivity and water-oriented living are priorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Lone Oak
    County
    Hunt
    State
    Texas
    Longitude
    -95.97699
    Latitude
    32.951464

    Nearby Similar for Sale

    • $600,000
      8,500 SF

      Highway 69 Commercial Building

      8500 SF commercial building on Highway 69 in Lone Oak.
      203 Norton Street, Lone Oak, TX 75453
      View Details
    • $850,000

      Agricultural Land with Pond

      Expansive acreage in place with an on-site pond, installed water meter, and AG exemption for flexible rural plans.
      4788 Fm 513 S, Lone Oak, TX 75453
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Private, manicured peninsula land on Lake Tawakoni with a dock, boat slip, and lifts for direct water access.
    Where is this waterfront land located?
    The property is located at 3855 County Road 3410 Lone Oak, TX.
    What is the asking price?
    The asking price for this property is $9,995,000.
    What are key features of this property?
    This property features: 79.958 acres of private lakefront land on its own peninsula on Lake Tawakoni; Lakefront with a private dock, boat slip, boat lift, and a separate watercraft lift; Single‑family ranch‑style land setup with fenced areas and private yard
    (214) 202-7615
    We can help!
    Listing Contact
    Michael Hershenberg
    Michael Hershenberg
    Real Estate License ID: 0668097
    Request Owner's contact information
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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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