Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakefront Homesite with Sunset Views Title is generated by Realmo AI

    Tbd Red Bud Drive, Flower Mound, TX 75022

    View on Map
    Claim this Listing
    For Sale
    $2,500,000

    Improved Land - Flower Mound, TX

    Lot size:
    1.41 Acres
    Added:
    May 6, 2026
    Days on Market:
    8
    Last Refresh:
    May 13 at 4:06 am

    Property Features for Tbd Red Bud Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    R08498
    Lot size
    1.41 Acres

    Utilities

    Water front features
    Lake Front, Lake Front – Corps Of Engineers, Lake Front – Main Body, Waterfront
    Water front
    1

    Building Details

    Year built
    1977
    Architectural style
    Other

    We can help!

    Listing Contact
    Kris Wise

    Listing agent Kris Wise License #0501991

    Listing office Keller Williams Realty-FM 2611 Cross Timbers Ste. 100, Flower Mound, TX

    Listing date May 6, 2026

    MLS# 21221718 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare 1.412‑acre lakefront homesite on Lake Grapevine
    • Enjoy 180‑degree, southwest‑facing lake views with spectacular sunset exposure
    • Exceptional privacy at the end of a quiet street, spanning two lots
    • Flexibility to build now or hold for the future with your own builder
    • Potential interim use of two existing homes while finalizing building plans
    • Optional concept for a two‑story residence with a walkout basement designed by Partners in Building

    Overview

    This 1.412-acre lakefront homesite is set high above the shoreline, offering 180-degree, southwest-facing lake views and spectacular sunset exposure. The property spans two lots at the end of a quiet street, combining privacy with a dramatic setting. Offered as land, this property presents the opportunity to build, hold for the future, or bring your own builder. Two existing homes on the property offer potential interim use while plans are finalized. Located in Flower Mound, Texas, this homesite overlooks Lake Grapevine in Denton County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Flower Mound
    County
    Denton
    State
    Texas
    Longitude
    -97.0985
    Latitude
    33.0308

    Nearby Similar for Sale

    • $3,200,000

      Flower Mound Office Asset

      Class B office building with income and lease-up potential.
      3605 Yucca Drive, Flower Mound, TX 75028
      View Details
    • $6,999,999
      8,351 SF

      Flower Mound Multi-Family Estate

      Elegant multi-family estate on six acres near DFW Airport.
      1208 Oak Drive, Flower Mound, TX 75028
      View Details
    • $650,000

      Flower Mound Land With Improvements

      1.8+ acre lot with prime build sites and lake views.
      3440 Lakewood Lane, Flower Mound, TX 75022
      View Details
    • $24,150,000
      4,000 SF

      Flower Mound Ranch Estate

      Thirteen-acre ranch estate bordering Lake Grapevine in Flower Mound, TX.
      3521 Sentinel Oak Road, Flower Mound, TX 75022
      View Details
    • $3,750,000

      Lakefront Homesite on Grapevine Lake

      Rare 3.68-acre peninsula lot with 1,200 feet of shoreline.
      6204 Shoreview Court, Flower Mound, TX 75022
      View Details
    • $1,250,000

      Prime Commercial Land in Flower Mound

      2-acre commercial land in high-growth Flower Mound, Texas.
      6201 Stone Hill Farms Parkway, Flower Mound, TX 75028
      View Details
    • $750,000

      Land Opportunity in Flower Mound

      Prime land in Flower Mound, Texas, with endless possibilities.
      3800 Old Settlers Road, Flower Mound, TX 75022
      View Details
    • $24,150,000

      Flower Mound Ranch Estate

      Thirteen-acre ranch bordering Lake Grapevine with luxury residence.
      1100 Simmons Road, Flower Mound, TX 75022
      View Details
    • $1,245,000

      Flower Mound Land with Mobile Home

      4.38 acres in Flower Mound with a mobile home.
      6901 Hawk Road, Flower Mound, TX 75022
      View Details
    • $900,000

      Commercial Land in Flower Mound

      Premier commercial land at a prominent Flower Mound intersection.
      101 Gerault RDE (FM2499) Road, Flower Mound, TX 75022
      View Details
    • $425,000

      Residential Lot in Flower Mound

      Prime residential lot in Flower Mound, ready for your dream estate.
      4001 Shiloh Road, Flower Mound, TX 75022
      View Details
    • $775,000

      Flower Mound Acreage in Chateau Du Lac

      One acre lot in gated Flower Mound community.
      2012 La Salle, Flower Mound, TX 75022
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare 1.412-acre lakefront property with flexibility to build.
    Where is this residential land & home lot located?
    The property is located at Tbd Red Bud Drive Flower Mound, TX.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Rare 1.412‑acre lakefront homesite on Lake Grapevine; Enjoy **180‑degree, southwest‑facing lake views** with spectacular sunset exposure; Exceptional privacy at the end of a quiet street, spanning two lots
    (972) 829-9040
    We can help!
    Listing Contact
    Kris Wise
    Real Estate License ID: 0501991
    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
    Tbd Red Bud Drive, Flower Mound, TX 75022
    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!