Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    502 Sheriff Ave Little Elm, TX 75068

    For Sale
    $224,900

    Versatile 4-bedroom home near Lake Lewisville with income potential.

    Property size:
    1,440 SF
    Lot size:
    0.11 Acres

    Property Features for 502 Sheriff Ave

    General Information

    Size
    1,440 SF
    Lot size
    0.11 Acres

    Building Details

    Year built
    2019

    Source: Keller Williams Realty Agent Stephen Reddy

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

    Overview

    Lake Lewisville Income-Producing Home

    This 4-bedroom, 2-full-bathroom home, constructed in 2019, is located near Lake Lewisville. Situated in a wooded area off Eldorado Parkway, the property offers proximity to the lake. The home features an open floorplan with a modern kitchen and cabinets, central heat and air, and a full AC system. An entry ramp provides front door access and wheelchair accessibility. A water filtration system is included. The property has no HOA and no city taxes. The lot is large enough to accommodate another manufactured home, potentially doubling rental income. There is space to store an RV next to the house. Five parking spaces are available in the front. A 17x9x8H built-in storage area is located in the front porch. The property is suitable for use as a family compound or as an addition to a real estate portfolio. The property size is 1440 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Building Supply Auto Repair Shop Wholesale Shop Kitchen & Bath HVAC Service Convenience Store Cosmetics Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Elm
    County
    Denton
    State
    Texas
    Longitude
    -96.9904493
    Latitude
    33.1372712

    Nearby Similar for Sale

    • $430,000
      0.03 Acres

      Modern Office Suite Near Frisco

      New office suite near Frisco, built in 2023.
      2601 Little Elm Pkwy, Little Elm, TX 75068
      View Details
    • $550,000
      2,286 SF

      Updated Duplex Backing to Lake

      Rare, updated duplex in Little Elm backing to the lake!
      3604-3606 Kayewood Dr, Little Elm, TX 75068
      View Details
    • $559,900
      2,982 SF

      Duplex in Growing North Texas

      Duplex with spacious units, ideal for multi-generational living.
      338 Castleridge Dr, Little Elm, TX 75068
      View Details
    • $575,000
      0.08 Acres

      Little Elm Duplex Investment Gem

      Spacious duplex in a rapidly growing area, near Universal Studios.
      430 Woodgrove Dr, Little Elm, TX 75068
      View Details
    • $419,000
      0.03 Acres

      Spacious Office Suite in Little Elm

      Well-located office suite near Frisco border, suitable for professional or medical use.
      2601 Little Elm Pkwy, Little Elm, TX 75068
      View Details
    • $505,080
      1.86 Acres

      Retail Space on Eldorado Parkway

      New construction retail space in Little Elm near lake.
      1000 W Eldorado Pkwy, Little Elm, TX 75068
      View Details

    FAQs

    What type of property is this?
    Single family property - Versatile 4-bedroom home near Lake Lewisville with income potential.
    Where is this single family property located?
    The property is located at 502 Sheriff Ave Little Elm, TX.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: - Lake Lewisville Access: Enjoy a short walk to the lake, perfect for boating, jet skiing, kayaking, and fishing.; - Income-Producing Potential: Add another manufactured home for family or rental income.; - No HOA, No City Taxes: Benefit from significant cost savings and freedom from restrictions.
    (469) 847-3753
    Request Owner's contact information
    502 Sheriff Ave Little Elm, TX 75068
    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.
    502 Sheriff Ave
    Little Elm, TX 75068
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    502 Sheriff Ave Little Elm, TX 75068
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.