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    Lion Lake Dr Progreso Lakes, TX 78596

    For Sale
    $307,775

    9.47 Acres, Irrigated Farmland, Homesite Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 9.47-acre property, located at 0 S Lion Lake Drive in Progreso Lakes, Texas, presents a unique investment opportunity. Situated in Hidalgo County, zip code 78576, this fertile and level land is ideally suited for a variety of uses. Currently configured as irrigated row crop farmland, it offers significant agricultural potential. The property's flat topography and existing irrigation system make it ready for immediate cultivation or development. Alternatively, its expansive size and desirable location make it an excellent candidate for a custom homesite or a tranquil ranchette. The property's coordinates are 26.0718961 latitude and -97.9575849 longitude. With its combination of agricultural viability and residential potential, this land offers a rare blend of versatility and opportunity. The asking price for this exceptional property is $307,775. Don't miss this chance to acquire a substantial piece of Texas land with diverse development possibilities.

    Property Features for 0 Lion Lake Dr

    General Information

    Property type
    Land
    Lot Size
    412,513 SF

    HighLights

    • 9.47‑acre tract in Progreso Lakes, TX (Hidalgo County, 78576).
    • Currently used as irrigated row crop farmland.
    • Level topography and existing irrigation system.
    • Suitable for agriculture, custom homesite, or ranchette.
    • Asking price: $307,775.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Progreso Lakes
    County
    Hidalgo
    State
    Texas
    Longitude
    -97.9575849
    Latitude
    26.0718961

    Nearby Comparable

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      Prime Texas Farmland - 17 Acres

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    • $222,250
      8.89 Acres

      Progreso Lakes Irrigated Farmland

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    • $933,999
      40.92 Acres

      40.92 Acres Vacant Land Opportunity

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    Nearby Similar for Sale

    • Contact for pricing
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    FAQs

    What type of property is this?
    Land - 9.47 Acres, Irrigated Farmland, Homesite Potential
    Where is this land located?
    The property is located at Lion Lake Dr Progreso Lakes, TX.
    What is the asking price?
    The asking price for this property is $307,775.
    What are key features of this property?
    This property features: 9.47-acre tract in Progreso Lakes, TX (Hidalgo County, 78576).; Currently used as irrigated row crop farmland.; Level topography and existing irrigation system.
    (956) 464-7355
    Request Owner's contact information
    Lion 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
    Lion Lake Dr Progreso Lakes, TX 78596
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