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    Waterfront Residential Land with Shoreline Title is generated by Realmo AI

    Sundown Trl, Tool, TX 75143

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    Claim this Listing
    New
    For Sale
    $250,000

    LAND - Tool, TX

    Lot size:
    0.28 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 6:06 am

    Property Features for Sundown Trl

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    33100004053063
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Description
    LT 53R Lakeway Estates

    We can help!

    Listing Contact
    Debbie French
    Debbie French

    Listing agent Debbie French License #0529891

    Listing office Ebby Halliday Realtors - Cedar Creek Lake 121 W Main Street, Gun Barrel City, TX

    Listing date Jun 4, 2026

    MLS# 112969 Listing URL

    Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 0.28‑acre waterfront lot with approximately 150 ft of shoreline and a steel retaining wall on a protected cove
    • Located in a quiet cul‑de‑sac in Lakeway Estates (site‑built home community)
    • Boathouse allowed with a TRWD permit
    • Utilities available: water and sewer provided by West Cedar Creek MUD
    • Zoned R‑1
    • MLS documents available for deed restrictions, HOA covenants, and City of Tool zoning

    Overview

    This waterfront residential lot offers approximately 150 feet of shoreline on a protected cove, supported by a steel retaining wall. The property sits on a quiet cul-de-sac and is described as a site-built home community lot, with an available option for a boathouse pending TRWD permit. Water and sewer are provided by West Cedar Creek MUD.

    The lot is located in Tool on the west side of Cedar Creek Lake within the Lakeway Estates community. The listing references close proximity to Lone Star Marina, Tiki Hut waterfront restaurant, Fig’s Backyard, Fig’s Prime Steakhouse, Triple N Ranch Winery, and Whistle Stop Caf.

    Zoned R-1, this parcel is suited for buyers looking to build a primary residence or weekend retreat on protected cove frontage. The presence of a retaining wall can simplify waterfront edge management, and the utility service from West Cedar Creek MUD supports planning for residential development. Deed restriction and HOA covenant documents are noted as available through MLS for review during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Tool
    County
    Kaufman
    State
    Texas
    Longitude
    -96.1642012
    Latitude
    32.2638281

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    FAQs

    What type of property is this?
    Waterfront Land - Build-ready waterfront lot with steel retaining wall, permitted boathouse option, and utilities provided by West Cedar Creek MUD.
    Where is this waterfront land located?
    The property is located at Sundown Trl Tool, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 0.28‑acre waterfront lot with approximately 150 ft of shoreline and a steel retaining wall on a protected cove; Located in a quiet cul‑de‑sac in Lakeway Estates (site‑built home community); Boathouse allowed with a TRWD permit
    (903) 340-7747
    We can help!
    Listing Contact
    Debbie French
    Debbie French
    Real Estate License ID: 0529891
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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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