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$269,999

340 Peninsula Drive, Honey Grove, TX, 75446

PendingInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Private PoolPrivate Pool
Lot Size1.82 acres

Land Information

APN138375
Lot Number3
Land UseVacant Urban
Legal DescriptionPENINSULA ADDITION, LOT 3, ACRES 1.82
Census Tract950100
Assessed Land Value$310,000
Assessment Year2025

About this property

Lake View - 1.82 Acres - Deeded Boat Slip #3 - Private Pond - Under $275K. Welcome to Lot 3 at 340 Peninsula Drive, a 1.82-acre lake interior homesite with lake views located in the gated community of The Peninsula on Bois d’Arc Lake. This property features open, build-ready space with lake views and a private pond at the rear of the lot shared with two adjacent properties, offering a quiet and distinctive homesite within the community. The property includes Deeded Boat Slip #3 in the community marina, providing convenient lake access without the maintenance responsibilities of a shoreline lot. This is a bring-your-own-builder community, allowing flexibility for buyers to design a primary residence, second home, or long-term investment. Short-term rentals are permitted, adding to the property’s versatility. The Peninsula and The Shores at The Peninsula on Bois d’Arc Lake have several completed homes, allowing buyers to tour the neighborhood and experience the community firsthand. Demand has been strong since launch, with early phases selling out quickly. Residents enjoy access to an impressive list of existing amenities, including a clubhouse with indoor lounge, kitchen, bar, fitness center, observation deck, infinity-edge pool, putt-putt course, and outdoor grilling areas. Phase Two amenities are in progress and include a community marina, paddleboard and kayak launch, tennis and pickleball courts, fenced dog park, multi-purpose field, and playground. Conveniently located 10–15 minutes from Downtown Honey Grove, approximately 30 minutes to Bonham, under 40 minutes to Paris, under 60 minutes to Sherman and Melissa, and under 90 minutes to the Dallas–Fort Worth metroplex. Located approximately 15–20 minutes from the South FM 1396 boat ramp on Bois d'Arc Lake, this property offers lake access, privacy, and community amenities at an attainable price point. *Buyer to verify all information*

Investor Tools

$142,162Estimated Mortgage Balance
$167,838Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,860 /month
Positive
Cash Flow Estimate:
$620 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$464/month
$2,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,019
$310,000
2025
$310,000
N/A
$310,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,019
$310,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Commercial
$149,925
No
First
Jul 6, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,162
$167,838
54%
46%
$899/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Honey Grove

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340 Peninsula Drive | Property Details | No Agent List