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    Lakefront Residential Land Lot Title is generated by Realmo AI

    Open Water Point lot 81, Quinlan, TX 75474

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    Claim this Listing
    For Sale
    $298,000

    LAND - Quinlan, TX

    Lot size:
    1.00 Acre
    Added:
    Mar 18, 2026
    Days on Market:
    80
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for Open Water Point lot 81

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    224048
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    S4151 NAUTICAL SHORES PH 3 LOT 81 ACRES 1.0
    Tax Annual Amount
    2923

    Utilities

    Water front features
    Waterfront, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Heather Carson

    Listing agent Heather Carson License #0683218

    Listing office Carson Real Estate LLC Azle, TX

    Listing date Mar 18, 2026

    MLS# 21207753 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‑acre lakefront lot outside city limits in Nautical Shores on Lake Tawakoni
    • Includes a .5‑acre SRA leaseback, quiet setting with mature trees
    • HOA fees are $600 annually; boat slip is $500 annually
    • Sabine River Authority leaseback is approx. $50 annually with an approved permit
    • SRA allows a pier up to 150 ft and a boat dock
    • HOA building requirements: single‑story homes min. 1,400 SF; two‑story homes min. 1,800 SF

    Overview

    This is a lakefront residential land opportunity offered for sale outside city limits, consisting of a single lake lot with mature trees and room to build. The property also includes a .5-acre SRA leaseback as noted in the remarks, designed for quiet lake enjoyment. An HOA structure is in place, with listed requirements that include minimum living area thresholds depending on whether a home is single-story or two-story, as well as building restrictions referenced by the HOA declarations.

    The lot is located within Nautical Shores on Lake Tawakoni, with access to lake-oriented activities such as boating, fishing, and swimming. The remarks also note proximity to Lake Tawakoni State Park, including multiple boat ramps and marinas. HOA dues, a boat slip fee, and the SRA leaseback amount are described in the provided information, along with the ability for an approved permit. The SRA allowance cited includes a pier up to 150 feet and a boat dock, subject to approval.

    For buyers seeking a lakeside home site, this property is positioned for those who want to build with the flexibility of choosing their own builder while aligning with the HOA and SRA requirements for structures and docking. It’s also suited to investors or second-home buyers looking for a lifestyle-focused parcel where boating and water recreation are a core part of the value proposition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Quinlan
    County
    Hunt
    State
    Texas
    Longitude
    -96.1709
    Latitude
    32.9155

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    FAQs

    What type of property is this?
    Waterfront Land - Lakefront lot outside city limits with mature trees and HOA-managed options for a pier and boat dock.
    Where is this waterfront land located?
    The property is located at Open Water Point lot 81 Quinlan, TX.
    What is the asking price?
    The asking price for this property is $298,000.
    What are key features of this property?
    This property features: 1‑acre lakefront lot outside city limits in Nautical Shores on Lake Tawakoni; Includes a .5‑acre SRA leaseback, quiet setting with mature trees; HOA fees are $600 annually; boat slip is $500 annually
    (817) 908-7858
    We can help!
    Listing Contact
    Heather Carson
    Real Estate License ID: 0683218
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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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