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    Tree Lake Dr Waco, TX 76708

    For Sale
    $2,200,000

    Prime Waco land, 234 lots, near airport.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 50.6687-acre development opportunity in Waco, Texas, is located on TBD Tree Lake Drive in McLennan County, zip code 76708. Zoned R-1B (Single-Family Residence District), this property boasts pre-approved plans for 234 residential lots, significantly streamlining the development process. Its strategic location offers convenient access to both suburban tranquility and urban amenities. Situated just 10 miles from Downtown Waco and Interstate 35, residents will enjoy easy access to shopping, dining, and entertainment. The proximity to Waco Regional Airport ensures convenient travel for residents and visitors. Furthermore, this development is within the highly-regarded China Spring Independent School District, making it particularly attractive to families. The asking price for this expansive parcel is $2,200,000. This presents a unique chance to capitalize on Waco's thriving real estate market and create a vibrant residential community in a highly desirable location. The property's combination of pre-approved plans, excellent school district, and strategic location makes it an exceptional investment opportunity.

    Property Features for 0 Tree Lake Dr

    General Information

    Property type
    Land
    Lot Size
    2,207,098 SF

    HighLights

    • Prime residential development opportunity in Waco, TX.
    • Fast‑track development with pre‑approved plans for 234 lots.
    • 234‑lot residential development plan already approved.
    • Highly desirable China Spring ISD.
    • Convenient access to Waco Regional Airport.
    • 10 miles from Downtown Waco and IH‑35.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.255029023704
    Latitude
    31.620459582834

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    FAQs

    What type of property is this?
    Land - Prime Waco land, 234 lots, near airport.
    Where is this land located?
    The property is located at Tree Lake Dr Waco, TX.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Prime residential development opportunity in Waco, TX.; Fast-track development with pre-approved plans for 234 lots.; 234-lot residential development plan already approved.
    (254) 870-0050
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    Tree Lake Dr Waco, TX 76708
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    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
    Tree Lake Dr Waco, TX 76708
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