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    Waterfront Estate with Private Lake Title is generated by Realmo AI

    520 SE CR 4385, Scroggins, TX 75480

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    Claim this Listing
    For Sale
    $914,900

    Traditional, Farm/Ranch - Scroggins, TX

    Type:Farm
    Property size:
    2,780 SF
    Lot size:
    21.81 Acres
    Price / SF:
    $329/SF
    Added:
    May 4, 2026
    Days on Market:
    11
    Last Refresh:
    May 14 at 10:06 pm

    Property Features for 520 SE CR 4385

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Boat, Carport, Covered, Driveway, Gated, RV
    Patio and Porch features
    Patio, Porch
    Interior features
    Granite Counters, High Speed Internet Available, In-law Suite Floorplan, Open Floorplan, Pantry, Sound System Wiring, Vaulted Ceiling(s), Walk-in Closet(s), Second Primary Bedroom
    Exterior features
    Balcony, Covered Patio/Porch, Fire Pit, Gray Water System, Rain Gutters, Private Entrance, Rv/Boat Parking, Storage, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Ice Maker, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    R18620
    Size
    2,780 SF
    Lot size
    21.81 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water front features
    Lake Front – Main Body, Waterfront
    Water front
    1

    Building Details

    Year built
    2001
    Floors in Building
    2
    Flooring type
    Carpet, Tile, Tile - Ceramic, Wood
    Roof type
    Composition
    Architectural style
    New Traditional
    Additional Structures
    RV/Boat Storage, Storage

    We can help!

    Listing Contact
    Libby Gamble
    Libby Gamble

    Listing agent Libby Gamble License #0615547

    Listing office East Texas Real Estate Group 4300 FM 49, Gilmer, TX

    Listing date May 4, 2026

    MLS# 21220068 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

    • 21.811 acre estate with waterfront views and access to a private lake.
    • Two primary bedroom suites plus 2 additional bedrooms and 3.5 bathrooms.
    • Less than 5 minutes from Lake Cypress Springs, offering boating and fishing.
    • Meticulously maintained 2,780 sq ft home features granite countertops, stainless appliances, and appealing views.
    • New whole‑house Generac generator for power outage protection.
    • Improved coastal hay meadows, fully fenced with smooth wire and cross fencing.

    Overview

    This immaculate 21.811-acre property offers privacy, waterfront views, and natural beauty overlooking Lake Bob Sandlin, and is located less than 5 minutes from Lake Cypress Springs. The property also has access to an adjacent 15-17 acre private lake. The 2,780 square foot home features two primary bedroom suites (one upstairs and one downstairs), two additional bedrooms, three and one-half bathrooms, and two living spaces. The kitchen includes two ovens, granite countertops, and stainless appliances. A whole-house Generac generator is installed. The acreage features improved coastal hay meadows, fully fenced smooth wire fencing, and cross fencing. There are views from every window in the house. The property is located in Scroggins, TX, in Franklin County. It is suited for those who value both recreation and relaxation.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Hotel & Motel Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Scroggins
    County
    Franklin
    State
    Texas
    Longitude
    -95.2147
    Latitude
    33.003

    FAQs

    What type of property is this?
    Farm - 21.811-acre estate with lake access and meticulously maintained home.
    Where is this farm located?
    The property is located at 520 SE CR 4385 Scroggins, TX.
    What is the asking price?
    The asking price for this property is $914,900.
    What are key features of this property?
    This property features: 21.811 acre estate with waterfront views and access to a private lake.; Two primary bedroom suites plus 2 additional bedrooms and 3.5 bathrooms.; Less than 5 minutes from Lake Cypress Springs, offering boating and fishing.
    (903) 738-5841
    We can help!
    Listing Contact
    Libby Gamble
    Libby Gamble
    Real Estate License ID: 0615547
    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.

    More about this property
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