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    Moon Lake Dr Progreso Lakes, TX 78596

    For Sale
    $2,805,500

    Weslaco, TX development opportunity. Owner financing available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 112.22-acre property presents a remarkable investment opportunity in the desirable Progreso Lakes area of Weslaco, Texas, nestled in Hidalgo County, zip code 78596. Located at 0 S Moon Lake Drive, this expansive land parcel offers unparalleled versatility, suitable for a diverse range of development projects. Its prime location near Moon Lake provides a picturesque setting, ideal for residential subdivisions or commercial ventures. The property's substantial size allows for the creation of a significant number of residential lots or the development of substantial commercial spaces. The existing zoning allows for commercial, residential, and other uses, opening doors to creative and lucrative development plans. The tranquil atmosphere of Progreso Lakes, combined with its proximity to Weslaco, offers a unique blend of peaceful living and convenient access to urban amenities. This presents a rare chance to capitalize on the growing demand for both residential and commercial properties in this burgeoning area. The seller is offering owner financing, making this an even more attractive proposition for discerning investors. Don't miss this chance to acquire a significant piece of Texas land with immense potential. Contact us today to explore the possibilities.

    Property Features for 0 Moon Lake Dr

    General Information

    Property type
    Land
    Lot Size
    4,888,303 SF

    HighLights

    • $2,805,500 asking price.
    • 112.22‑acre land parcel.
    • Located in Progreso Lakes, near Weslaco, TX.
    • Suitable for residential, commercial, or agricultural development.
    • Owner financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Progreso Lakes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9633514
    Latitude
    26.0601168

    Nearby Comparable

    • $222,250
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      Prime Progreso Lakes Land

      8.89 Acres, Irrigated Farmland
      0 Nn Moon Lk Dr, Progreso Lakes, TX 78596
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    • $2,805,500
      112.22 Acres

      112 Acres in Progreso Lakes

      112 acres in Progreso Lakes, TX, suitable for development.
      S Moon Lake Dr, Progreso Lakes, TX 78596
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    • $222,250
      8.89 Acres

      Progreso Lakes Irrigated Farmland

      8.89 acres of irrigated farmland across from Moon Lake.
      Nn Moon Lk Dr S, Progreso Lakes, TX 78596
      View Details
    • New
      $399,600
      13.32 Acres

      Progreso Lakes Acreage For Sale

      13.32 acres with paved frontage in Progreso Lakes, Texas.
      W S Mile 3 Rd West, Progreso Lakes, TX 78579
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    • $933,999
      40.92 Acres

      40.92 Acres Vacant Land Opportunity

      Large parcel near Weslaco East High School and Knapp Medical Center.
      122 W Lion Lake Dr, Weslaco, TX 78596
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    Nearby Similar for Sale

    • Contact for pricing
      12,426 SF

      Industrial Property Near Progreso Bridge

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    FAQs

    What type of property is this?
    Land - Weslaco, TX development opportunity. Owner financing available.
    Where is this land located?
    The property is located at Moon Lake Dr Progreso Lakes, TX.
    What is the asking price?
    The asking price for this property is $2,805,500.
    What are key features of this property?
    This property features: $2,805,500 asking price.; 112.22-acre land parcel.; Located in Progreso Lakes, near Weslaco, TX.
    (956) 827-0170
    Request Owner's contact information
    Moon Lake Dr Progreso Lakes, TX 78596
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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
    Moon Lake Dr Progreso Lakes, TX 78596
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