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Days614Days on Market
Views1view

$540,000

371 Lakewood Ln, Honey Grove, TX, 75446

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.92 acres

Land Information

APN138477
Lot Number30
Land UseVacant Urban
Legal DescriptionSHORES AT THE PENINSULA, LOT 30, ACRES 1.92
Census Tract950100
Assessed Land Value$600,000
Assessment Year2025

About this property

Introducing Lot 30, a prime waterfront lot situated on the newest Texas treasure, Bois D’Arc Lake, just an hour's drive from DFW. Spanning 1.92 acres, this parcel boasts breathtaking vistas of the lake's deepest waters and is located within the highly coveted Shores at the Peninsula community. Lots in this area sold out in under an hour during the May 2023 release. This particular gem is dock-capable, pending NTMWD approval and essential utilities, including underground water and fiber internet, are installed. Current amenities include a luxurious multi-million-dollar clubhouse featuring an infinity pool, a weight room, and a putt-putt golf course. Future enhancements include a community park, walking trails, tennis and pickleball courts, along with a proposed multi-sport complex! Embrace the lake life while enjoying the potential for income through short-term rentals, requiring a minimum stay of just 7 days, making it ideal for those seeking an income-generating property.

Investor Tools

Property Icon
$600,000
Estimated Property Value
$359,900Estimated Mortgage Balance
$259,316Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$963/month
$2,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,557
$600,000
2025
$600,000
N/A
$600,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,557
$600,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security Service Fcu
Unknown
$359,900
No
First
Jun 29, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$340,684
$259,316
43%
57%
$2,158/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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371 Lakewood Ln | Property Details | No Agent List