15697 Co Rd Kemp, TX 75143
This exceptional 64.37-acre property in Kemp, Texas, presents a unique investment opportunity. Boasting 655 feet of prime Cedar Creek Lake waterfront, this land offers stunning lake views and is situated within a Texas Opportunity Zone. The property includes a 2,690 sq ft home and a substantial 3,600 sq ft "man cave" with a bedroom and bath, built in 1991. Pastures are cleared and ready for development, making it ideal for a variety of uses. County water is available at the property line. The expansive lot (2,803,948 sq ft) is zoned Agricultural Residential and features APN 7179. Conveniently located a 50-minute drive from downtown Dallas, this property combines recreational enjoyment with significant development potential. The asking price is $5,250,000. This is a rare chance to acquire a substantial lakefront property with existing structures and development-ready land in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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