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

    Lake Ridge Dr lot 31, Streetman, TX 75859

    View on Map
    Claim this Listing
    For Sale
    $179,000

    LAND - Streetman, TX

    Lot size:
    1.02 Acres
    Added:
    May 9, 2026
    Days on Market:
    26
    Last Refresh:
    Jun 3 at 3:06 am

    Property Features for Lake Ridge Dr lot 31

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    113404
    Lot size
    1.02 Acres

    Taxes and HOA fees

    Tax Description
    A0500.02 ADMIRAL SHORES ON RICHLAND CHAMBERS
    Tax Annual Amount
    2992

    Utilities

    Water front features
    Waterfront, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Kelli Hobbs

    Listing agent Kelli Hobbs License #0727745

    Listing office Premier Realty Corsicana, TX

    Listing date May 9, 2026

    MLS# 21265114 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

    • Waterfront lot with lake frontage on Richland Chambers Lake
    • Located in the gated Admiral Shores community
    • Situated in a quiet cove with views of the lake
    • Gentle slope down to the water
    • Area in front of the lot has already been dredged for deeper water access

    Overview

    This waterfront lot offers a natural setting for a lakefront build, located within the gated Admiral Shores community. The property sits directly on Richland Chambers Lake in a quiet cove, with a gentle slope down toward the water. A key advantage is that the area in front of the lot has already been dredged, providing deeper water access that can support plans for a dock or boathouse.

    Set within the privacy of Admiral Shores, the lot is positioned to take advantage of long-term lake views while keeping the day-to-day feel more secluded than open shoreline areas. The waterfront orientation and existing dredged access make the site especially practical for buyers focused on maximizing their usable water frontage.

    Ideal for buyers looking to build a personal lakehouse or second-home retreat, this parcel combines a peaceful cove setting with water-access improvements that can reduce site-readiness challenges related to docking. For investors and builders, the dredged front area may support a wider range of waterfront improvements at the time of development, making it a strong candidate among waterfront residential land opportunities in the Streetman area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Streetman
    County
    Freestone
    State
    Texas
    Longitude
    -96.29262
    Latitude
    31.945358

    Nearby Similar for Sale

    • $677,000

      Highly Visible Commercial Land

      Prime, high-visibility site on 2+ acres with convenient access near exit ramps and an operating liquor store.
      260 Spur 114, Streetman, TX 75859
      View Details
    • $582,000

      65 Acres of Versatile Land

      Productive pastureland and wooded recreational acreage near I45.
      1561 Fm 80 N, Streetman, TX 75859
      View Details
    • $328,500

      Lakefront Buildable Lot in Gated Community

      Cleared lot with a steel retaining wall and 320 feet of shoreline in Admiral Shores, well-suited for a custom retreat or boathouse.
      Lake Ridge Drive lot: 19, Streetman, TX 75859
      View Details
    • $209,900

      Lakefront Residential Land

      Build a premium lake home with private dock potential in a gated community on Richland Chambers Lake.
      Admiral Shores lot: 29, Streetman, TX 75859
      View Details
    • $175,000

      Waterfront Residential Land Lot

      Build your lakefront home on a gated cul-de-sac lot with protected cove waterfront and community marina access.
      Paradise Cove lot: 52, Streetman, TX 75859
      View Details
    • $425,000

      Waterfront Land with Dockable Shoreline

      Fully cleared waterfront peninsula lot in a gated community, featuring dockable shoreline and open-water views.
      Lake Ridge Drive lot: 18, Streetman, TX 75859
      View Details
    • $244,900

      Lakefront Land with Road Access

      Two adjoining lots offer lake views, mature hardwood seclusion, and road frontage for convenient access in a gated-style community setting.
      16020 SE County Road 2359b, Streetman, TX 75859
      View Details
    • $3,995,000

      Private Waterfront Estate Land

      Unrestricted lakefront acreage with protected shoreline, two docks, and gated access for recreation or multi-use development.
      18062 Nelson Loop, Streetman, TX 75859
      View Details
    • $300,000

      Richland Chambers Lake Dream Home Site

      Ideal lot for a custom home on Richland Chambers Lake.
      Sandy Cove Court lot: 25, Streetman, TX 75859
      View Details
    • $189,900

      Lakefront Residential Land Opportunity

      Build-ready lakefront parcel with established trees and paved access near Richland Chambers Lake.
      Lot 66 Admiral Shores, Streetman, TX 75840
      View Details
    • $169,000
      328 SF

      Streetman, TX Land Near Lake

      6-acre lot near Lake Richland Chambers with rustic cabin.
      CR 2370 lot: 12, Streetman, TX 75859
      View Details
    • $234,000

      Lakefront Residential Land Lot

      West-facing corner lakefront lot in a gated community, with shoreline-ready configuration and key site work completed for development.
      7049TBD Lake Vista Drive, Streetman, TX 75859
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Build-ready waterfront land on Richland Chambers Lake, featuring a gentle slope and a dredged area for deeper water access.
    Where is this waterfront land located?
    The property is located at Lake Ridge Dr lot 31 Streetman, TX.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: Waterfront lot with lake frontage on Richland Chambers Lake; Located in the gated Admiral Shores community; Situated in a quiet cove with views of the lake
    (903) 467-9654
    We can help!
    Listing Contact
    Kelli Hobbs
    Real Estate License ID: 0727745
    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
    Lake Ridge Dr lot: 31, Streetman, TX 75859
    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!