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    Lakefront Recreation Lot in Gated Community Title is generated by Realmo AI

    Moonlight Bay Drive lot 340, Chico, TX 76431

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    Claim this Listing
    For Sale
    $245,000

    LAND - Chico, TX

    Lot size:
    1.06 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    36
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for Moonlight Bay Drive lot 340

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    784443
    Lot size
    1.06 Acres

    Taxes and HOA fees

    Tax Description
    LT: 340 NORTH STAR POINTE 1.0640 ACRES
    Tax Annual Amount
    3634

    Utilities

    Water front features
    Waterfront, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Tracey Taylor

    Listing agent Tracey Taylor License #0651831

    Listing office Taylor & Co Realty Alvord, TX

    Listing date Apr 29, 2026

    MLS# 21245880 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

    • 1.064‑acre lakefront lot in the Northstar Pointe community on Lake Bridgeport
    • Lakefront location in a protected cove with heavily treed, waterfront frontage
    • Northstar Pointe is a gated community with paved roads
    • Community amenities include a pool and pickleball court
    • Private boat ramp with dock access provided within the community

    Overview

    This 1.064-acre lakefront lot sits within a protected cove and is heavily treed, offering a naturally private setting for a weekend getaway or a custom lakeside home. With direct water frontage on Lake Bridgeport, the property is well suited for swimming, paddle boarding, entertaining, and boating while preserving the feel of a secluded retreat.

    The community is gated and maintained with paved roads. Residents also have access to amenities including a community pool and pickleball court, plus a private boat ramp with dock access, making it easier to enjoy the lake throughout the year. The property’s location in the Northstar Pointe community supports a relaxed, recreation-focused lifestyle.

    For buyers looking to build exactly what they want, this lot provides a strong foundation for a primary residence, vacation home, or custom estate plan that takes advantage of the shoreline setting. The combination of mature trees, protected-water positioning, and boating access can appeal to buyers who prioritize privacy and outdoor recreation without giving up community conveniences.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Chico
    County
    Wise
    State
    Texas
    Longitude
    -97.8129
    Latitude
    33.3473

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    FAQs

    What type of property is this?
    Waterfront Land - Build your lakeside retreat on a heavily treed, protected cove lot with private boat-ramp access in a gated community.
    Where is this waterfront land located?
    The property is located at Moonlight Bay Drive lot 340 Chico, TX.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: 1.064‑acre lakefront lot in the Northstar Pointe community on Lake Bridgeport; Lakefront location in a protected cove with heavily treed, waterfront frontage; Northstar Pointe is a gated community with paved roads
    (940) 210-5090
    We can help!
    Listing Contact
    Tracey Taylor
    Real Estate License ID: 0651831
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    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.

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