Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Lakefront Retreat Ready Title is generated by Realmo AI

    Lot 68 Peninsula Road, Kerens, TX 75144

    View on Map
    Claim this Listing
    For Sale
    $199,000

    Lakefront lot with RV in gated Peninsula Point community.

    Type:Lots & Acreage / Improved Land
    Property size:
    3,876 SF
    Price / SF:
    $51/SF
    Added:
    May 16, 2026
    Days on Market:
    21
    Last Refresh:
    May 27 at 12:57 pm

    Property Features for Lot 68 Peninsula Road

    General Information

    Standard status
    Active
    Size
    3,876 SF
    Property subtype
    Lots & Acreage / Improved Land

    We can help!

    Listing Contact
    Julie Teel

    Listing agent Julie Teel License #0380798

    Listing office RE/MAX Lakeside Dreams

    Listing date May 16, 2026

    Source Compass

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

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Lakeside Dreams

    HighLights

    • Turnkey lakefront property on Richland Chambers Lake, ready for immediate use.
    • Includes a 2023 Forest River fifth wheel with three slide‑outs, offering a spacious living space.
    • Located in the gated Peninsula Point community, a short drive from Dallas.
    • Features a concrete pad and sidewalk for easy lake access.
    • Community amenities include a lakeside pool, fishing pier, outdoor clubhouse with kitchen, and boat ramp.
    • Waterfront property with lake front access and steel retaining wall.

    Overview

    This turnkey lakefront retreat is located on Richland Chambers Lake, south of Dallas, in the gated Peninsula Point community. The property, identified as Lot 68, is set up for immediate enjoyment. It features a concrete pad, steel retaining wall, and a sidewalk leading to the water. A 2023 Forest River fifth wheel with three slide-outs is included. Peninsula Point offers amenities such as a lakeside pool, fishing pier, outdoor clubhouse with kitchen, boat ramp, and a dog park. The property provides access to boating, fishing, and lakeside lounging.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerens
    County
    Navarro
    State
    Texas
    Longitude
    -96.199
    Latitude
    32.1018

    Nearby Similar for Sale

    • $1,750,000

      Ranch and Hunting Land with Shop

      150+ acre tract with electricity, water, and an existing shop, suited to hunting, cattle, and weekend use.
      150 +- Acres Highway 31, Kerens, TX 75144
      View Details
    • $125,000

      Turnkey Waterfront RV Lot

      Turnkey waterfront RV lot with a concrete pad, water stairs, and installed utilities in a gated Peninsula Point community.
      6454 Peninsula Road, Kerens, TX 75144
      View Details
    • $228,000

      Dockable Waterfront Development Lot

      Gated lakeside lot with dock capability and scenic waterfront access in a small, restricted subdivision.
      Oasis Drive lot: 2, Kerens, TX 75144
      View Details
    • $3,783,391

      Hunting and Recreational Land with River

      Wooded Trinity River property with stocked tanks, a small cabin, and pasture areas for grazing and outdoor recreation.
      12387 County Road 3120, Kerens, TX 75144
      View Details
    • $153,900

      Improved Waterfront Lot in Gated Community

      Ready-to-use waterfront lot with dock, retaining wall, and utility hookups in a gated community.
      2058 Pelican Isle Drive, Kerens, TX 75144
      View Details
    • $199,000

      Turnkey Lakefront Land Retreat

      Lakefront lot in a gated community with onsite concrete pad and RV included for immediate weekend use.
      Peninsula Road lot: 68, Kerens, TX 75144
      View Details
    • $100,000

      Cleared Homesite with Mature Trees

      A 6-acre cleared tract with mature trees, offering a private setting for a custom home or recreational retreat.
      12631 County Road 3270, Kerens, TX 75144
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Lakefront lot with RV in gated Peninsula Point community.
    Where is this waterfront land located?
    The property is located at Lot 68 Peninsula Road Kerens, TX.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Turnkey lakefront property on Richland Chambers Lake, ready for immediate use.; Includes a 2023 Forest River fifth wheel with three slide‑outs, offering a spacious living space.; Located in the gated Peninsula Point community, a short drive from Dallas.
    (903) 654-3970
    We can help!
    Listing Contact
    Julie Teel
    Real Estate License ID: 0380798
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lot 68 Peninsula Road, Kerens, TX 75144
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!