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    Waterfront Land in Gated Community Title is generated by Realmo AI

    Stephanie Court, Kemp, TX 75143

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    LAND - Kemp, TX

    Lot size:
    0.51 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    79
    Last Refresh:
    Jun 5 at 6:06 am

    Property Features for Stephanie Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Brush, Wooded
    Exterior features
    PrivateEntrance
    Standard status
    Active
    APN
    277845
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Description
    Lots 20-21, Prestige Point
    Tax Annual Amount
    1746

    Utilities

    Water front features
    Waterfront, Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Brad Pomeroy

    Listing agent Brad Pomeroy License #0787935

    Listing office HomeSmart Dallas, TX

    Listing date Mar 19, 2026

    MLS# 21213094 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, lakefront tract on Cedar Creek Lake with private access
    • Two contiguous empty lots offered together
    • Located at the end of a cul‑de‑sac
    • Prestige Point community with 33 total lots and established neighborhood feel
    • Gated, well‑maintained waterside community

    Overview

    This waterfront land offering consists of two contiguous, empty lots in the central part of Cedar Creek Lake, providing an end-of-cul-de-sac setting. The property is located within Prestige Point, a gated, well-maintained waterside community with a total of 33 lots, where most homes are already built. For buyers planning a lake home, the tract offers a straightforward foundation to build while benefiting from a neighborhood environment that emphasizes pride of ownership.

    Prestige Point is positioned a few miles from public boat ramps, as well as nearby shopping and entertainment. Cedar Creek Lake is described as one of the larger lakes in Texas and is known for fishing and recreational boating, making this area particularly appealing for buyers seeking a lifestyle oriented around water activities. Kemp is also noted as being about 45 minutes from Dallas and about an hour from Tyler, with Canton’s First Monday Trade Days (Canton Flea Markets) described as a short drive away.

    This property is well suited for buyers looking to purchase waterfront land in a limited-lot community where build-ready lots remain available. If you have questions regarding home building restrictions or dock construction for Prestige Point, the listing agent can provide details to help you evaluate your plans.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Kemp
    County
    Kaufman
    State
    Texas
    Longitude
    -96.193338
    Latitude
    32.340092

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    FAQs

    What type of property is this?
    Waterfront Land - Two contiguous waterfront lots on a cul-de-sac in a small, well-maintained community with access to Cedar Creek Lake recreation.
    Where is this waterfront land located?
    The property is located at Stephanie Court Kemp, 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: Waterfront, lakefront tract on Cedar Creek Lake with private access; Two contiguous empty lots offered together; Located at the end of a cul‑de‑sac
    (972) 401-1400
    We can help!
    Listing Contact
    Brad Pomeroy
    Real Estate License ID: 0787935
    Learn More
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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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