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    Waterfront Land in Gated Resort Title is generated by Realmo AI

    42210 Bay Hill Drive, Whitney, TX 76692

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    LAND - Whitney, TX

    Lot size:
    0.18 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    60
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 42210 Bay Hill Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    RV
    Standard status
    Active
    APN
    235830
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Description
    WHITE BLUFF #42 LT 210
    Tax Annual Amount
    368

    We can help!

    Listing Contact
    Jen Smith

    Listing agent Jen Smith License #0697712

    Listing office Fathom Realty McKinney, TX

    Listing date Apr 8, 2026

    MLS# 21088324 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

    • Lot in a gated community (The Highlands) within the gated resort of White Bluff on Lake Whitney
    • Exclusive pool and community area available for Highlands residents
    • Access to resort amenities including multiple pools, tennis and pickleball courts, and a marina
    • Includes fitness center and dining within the White Bluff resort
    • 24‑hour security and access to two championship golf courses
    • RV parking available; additional $300 yearly HOA fee for the double gated community

    Overview

    This waterfront homesite in The Highlands at White Bluff on Lake Whitney offers a private, resort-oriented setting for your custom build. The lot is sized at approximately 0.183 acres and is positioned within a gated community that includes its own exclusive pool and community area for Highlands residents, adding a level of convenience and privacy to everyday recreation.

    White Bluff is a gated resort with 24-hour security and a full slate of amenities designed for an active lifestyle. Residents have access to multiple pools, tennis and pickleball courts, a marina, a fitness center, dining, and miles of peaceful, wildlife-filled scenery. The property is also located near one of White Bluff’s two championship golf courses, supporting an easy, lifestyle-driven move from home to leisure.

    For buyers looking to design and build within an established lakefront community, this homesite fits well for anyone who values security, community amenities, and an on-site resort experience. With access to approved builders and a long-term, vacation-like atmosphere, the property is well suited to both primary residents and weekend retreat planners who want to keep the build process aligned with the community’s standards.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront 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

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    FAQs

    What type of property is this?
    Waterfront Land - Build in a gated lakefront community with resident-only amenities and access to extensive resort facilities.
    Where is this waterfront land located?
    The property is located at 42210 Bay Hill 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: Lot in a gated community (The Highlands) within the gated resort of White Bluff on Lake Whitney; Exclusive pool and community area available for Highlands residents; Access to resort amenities including multiple pools, tennis and pickleball courts, and a marina
    (888) 455-6040
    We can help!
    Listing Contact
    Jen Smith
    Real Estate License ID: 0697712
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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.

    More about this property
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