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    Lakefront Residential Lot with Privacy Title is generated by Realmo AI

    Scenic Drive lot 28, Lone Oak, TX 75453

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    LAND - Other - Lone Oak, TX

    Lot size:
    0.14 Acres
    Added:
    Dec 4, 2025
    Days on Market:
    181
    Last Refresh:
    Jun 3 at 9:06 am

    Property Features for Scenic Drive lot 28

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush
    Standard status
    Active
    APN
    77444
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Description
    S4759 ROLLING HILLS SEC 3 BLK S LOT 28 ACRES
    Tax Annual Amount
    239

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Martie Abercrombie
    Martie Abercrombie

    Listing agent Martie Abercrombie License #0506753

    Listing office Century 21 First Group Sulphur Springs, TX

    Listing date Dec 4, 2025

    MLS# 21124813 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

    • Lake Tawakoni waterfront‑area lot in the Rolling Hills subdivision, south of Lone Oak
    • Lot backs up to land owned by the Sabine River Authority
    • No neighbor in the backyard due to the adjacent Sabine River Authority land
    • Rolling Hills subdivision includes a mix of site‑built homes and manufactured homes
    • Neighborhood includes a boat ramp on Shoreline Drive to the south of the property
    • Neighboring lot is also available if you want a larger lot

    Overview

    This waterfront homesite sits in the Rolling Hills Subdivision along the shores of Lake Tawakoni. The lot is described as rolling and is positioned to back up to land owned by the Sabine River Authority, creating an extra layer of privacy with no neighbor immediately behind the property. The neighborhood features a mix of site-built homes and manufactured homes, including some waterfront properties, offering flexibility for how you design and use the space.

    The lot is located south of Lone Oak, TX, within the Rolling Hills community. A boat ramp is located in the neighborhood to the south of this property on Shoreline Drive, providing convenient access for lake days. An adjacent neighboring lot is also available, which may allow you to assemble a larger footprint for your family’s needs.

    For buyers seeking a lake-adjacent setting without a backyard neighbor, this lot presents a straightforward option in an established subdivision. It may also appeal to those interested in a manufactured-home or traditional build plan, given the community’s mix of housing types, plus the opportunity to combine lots if you want additional space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lone Oak
    County
    Hunt
    State
    Texas
    Longitude
    -95.9709
    Latitude
    32.916126

    Nearby Similar for Sale

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      8500 SF commercial building on Highway 69 in Lone Oak.
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      View Details
    • $850,000

      Agricultural Land with Pond

      Expansive acreage in place with an on-site pond, installed water meter, and AG exemption for flexible rural plans.
      4788 Fm 513 S, Lone Oak, TX 75453
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build in a rolling Hills subdivision on Lake Tawakoni with backing to Sabine River Authority land for added backyard privacy.
    Where is this residential land & home lot located?
    The property is located at Scenic Drive lot 28 Lone Oak, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Lake Tawakoni waterfront‑area lot in the Rolling Hills subdivision, south of Lone Oak; Lot backs up to land owned by the Sabine River Authority; No neighbor in the backyard due to the adjacent Sabine River Authority land
    (903) 885-3146
    We can help!
    Listing Contact
    Martie Abercrombie
    Martie Abercrombie
    Real Estate License ID: 0506753
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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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