Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lot in Gated Community Title is generated by Realmo AI

    9349 Safari Shores Dr, Larue, TX 75770

    View on Map
    Claim this Listing
    For Sale
    $150,000

    LAND - Larue, TX

    Lot size:
    1.01 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    91
    Last Refresh:
    Jun 1 at 7:06 am

    Property Features for 9349 Safari Shores Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    4009.0000.2310.00
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Description
    AB 392 P JACKSON SUR, SAFARI WATERS RANCH PH II LT 231

    We can help!

    Listing Contact
    Michael Canatella

    Listing agent Michael Canatella License #0579874

    Listing office Realty Crew, LLC. 4730 FM 317, ATHENS, TX

    Listing date Mar 2, 2026

    MLS# 112421 Listing URL

    Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront lot on 1+/- acre with gentle slope to the water.
    • Located in a gated community in East Texas.
    • Access to 3 private lakes known for bass fishing.
    • RV parking available.
    • Concrete trails for jogging, golf carts, or ATVs.
    • Exotic wildlife (deer, elk, zebra) roaming freely.

    Overview

    This is an incredible waterfront lot spanning 1.009 acres with a gentle slope towards the water's edge. Located in a gated community in the heart of East Texas, it offers an ideal setting to build a waterfront home. The community features three private lakes known for bass fishing. Residents can enjoy RV parking and concrete trails suitable for jogging or golf cart/ATV rides. The area is populated with trees and exotic wildlife, including deer, elk, and zebra.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Grocery & Convenience Store Food Market Pet Store & Service Farmer's Market Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Larue
    County
    Henderson
    State
    Texas
    Longitude
    -95.7410201
    Latitude
    32.1240736

    Nearby Similar for Sale

    • $675,000
      2,700 SF

      Picturesque Farm with Log Cabin

      40-acre farm featuring a log cabin and equestrian facilities.
      10857 County Road 4718, Larue, TX 75770
      View Details
    • $1,350,000
      2,108 SF

      Spacious Barndominium on 87.5 Acres

      87.5-acre property with barndominium ideal for residence or ranch.
      7335 CR 4710, Larue, TX 75770
      View Details
    • $1,150,000
      920 SF

      Larue, TX Farm/Ranch Opportunity

      100+ acre farm/ranch featuring planted pines, stocked ponds.
      7247 County Road 4334, Larue, TX 75770
      View Details
    • $818,000

      96-Acre Wooded Tract For Sale

      96.14 acres with road frontage, creek, and wildlife habitat.
      00 FM 315, Larue, TX 75770
      View Details
    • $3,995,000
      3,000 SF

      Texas Ranch with Large Stocked Lake

      124-acre ranch featuring a 35-40 acre stocked lake.
      11843 Highway 175 E Highway, Larue, TX 75770
      View Details
    • $175,000

      Lake Palestine Homesite in Legacy Shores

      2.62-acre homesite in gated waterfront community on Lake Palestine.
      3121 Shadow Pines, Larue, TX 75770
      View Details
    • $179,900

      Wooded Waterfront Lot in Larue

      One-acre wooded lot in a gated lake community.
      9122 Safari Bluff, Larue, TX 75770
      View Details
    • $385,000

      Waterfront Land in Legacy Shores

      1.56 acres in gated community with lake access.
      3150 Shadow Pine Drive, Larue, TX 75770
      View Details
    • $175,000

      Lake Palestine Homesite in Legacy Shores

      2.62-acre homesite in gated waterfront community on Lake Palestine.
      3121 Shadow Pine Drive, LaRue, TX 75770
      View Details
    • $125,000

      Secluded Treed Acres in Larue

      7 acres with utilities, quiet, secluded, near amenities.
      7229 CR 4837, Larue, TX 75770
      View Details
    • $105,000

      5-Acre Homesite in Gated Community

      5-acre homesite in Safari Waters Ranch, Larue, TX.
      7413 Quail Hollow Court, Larue, TX 75770
      View Details
    • $274,999

      Waterfront Land in Gated Community

      1.286-acre lake lot with 130 feet of waterfront.
      Legacy Shores Lot 21 3142 Shadow Pine Drive, Larue, TX 75770
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - One-acre waterfront lot in a gated East Texas community.
    Where is this waterfront land located?
    The property is located at 9349 Safari Shores Dr Larue, TX.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Waterfront lot on 1+/- acre with gentle slope to the water.; Located in a gated community in East Texas.; Access to 3 private lakes known for bass fishing.
    (903) 681-5161
    We can help!
    Listing Contact
    Michael Canatella
    Real Estate License ID: 0579874
    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
    9349 Safari Shores Dr, Larue, TX 75770
    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!