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    Golf Course View Lot Title is generated by Realmo AI

    Runaway Bay Drive lot 8, Runaway Bay, TX 76426

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    Claim this Listing
    For Sale
    $85,000

    LAND - Runaway Bay, TX

    Lot size:
    0.26 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    59
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for Runaway Bay Drive lot 8

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    771315
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Description
    LOT 8 BLK 1 RUNAWAY BAY UNIT 1
    Tax Annual Amount
    527

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Steve Lee

    Listing agent Steve Lee License #0807689

    Listing office Fathom Realty, LLC Hickory Creek, TX

    Listing date Apr 6, 2026

    MLS# 21228985 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

    • .258‑acre golf course lot directly on the 14th fairway at RAB Golf and Resort
    • Unobstructed view of Lake Bridgeport
    • Public water available
    • Public sewer available
    • Walk out to the resort’s 18‑hole course, covered driving range, and pro shop
    • On‑site community pool, fitness room, and Lakeside Grill and Tavern

    Overview

    This 0.258-acre residential land lot in Runaway Bay offers a premium backdrop of fairway views with a lake horizon. The property is positioned directly on the 14th fairway at RAB Golf and Resort, providing an unobstructed view of Lake Bridgeport. For buyers looking for a getaway or a year-round homesite, the setting is designed to deliver an everyday sense of “out on the course,” with scenery that’s built into the lot.

    The location is at RAB Golf and Resort in Runaway Bay, Texas, placing the home site within walking distance of resort-style amenities. The community includes an 18-hole course, a covered driving range, a pro shop, a community pool, and a fitness room. Dining options on-site include the Lakeside Grill and Tavern. With Lake Bridgeport access, fishing opportunities are part of the lifestyle associated with the property.

    This lot should appeal to buyers who want a golf-oriented homesite without compromising on long-view scenery. It’s a strong fit for anyone planning to build a weekend retreat or a full-time residence where the course and lake are consistently visible. Given its direct fairway position and unobstructed sightline, the property is well suited for those prioritizing location and views as key elements of the final build.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Runaway Bay
    County
    Wise
    State
    Texas
    Longitude
    -97.864952
    Latitude
    33.171946

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    FAQs

    What type of property is this?
    Recreation land - Build in Runaway Bay on a golf-course lot with lake-horizon views and direct positioning along the 14th fairway.
    Where is this recreation land located?
    The property is located at Runaway Bay Drive lot 8 Runaway Bay, TX.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: .258‑acre golf course lot directly on the 14th fairway at RAB Golf and Resort; Unobstructed view of Lake Bridgeport; Public water available
    (888) 455-6040
    We can help!
    Listing Contact
    Steve Lee
    Real Estate License ID: 0807689
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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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