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$525,000

385 Sailview Court, Honey Grove, TX, 75446

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.49 acres

Land Information

APN138433
Lot Number61
Land UseVacant Urban
Legal DescriptionPENINSULA ADDITION, LOT 61, ACRES 1.49
Census Tract950100
Assessed Land Value$675,000
Assessment Year2025

About this property

Experience true lakefront ownership on one of the most sought-after homesites in the gated Peninsula at Bois d’Arc Lake. Lot 61 spans 1.49 acres with expansive southwest-facing open-water views and an exceptionally rare combination of private dock-capable shoreline plus a deeded developer-built marina slip (Slip #11) maintained by the HOA. Homesites offering both direct shoreline access and a secured marina slip are extremely limited within the community, making this property difficult to replicate and increasingly scarce. The lot is ideally suited for a custom lake residence designed to maximize panoramic lake views and sunset exposure. Its location offers a short golf-cart ride to the community’s multi-million-dollar clubhouse, infinity pool, and fitness center, while also being positioned near walking and golf-cart paths, a fenced dog park, a multipurpose field, and additional outdoor amenities currently under development. Now offered at $525,000 and strategically positioned below a recent appraisal, this property represents one of the strongest opportunities in The Peninsula for true waterfront ownership, enhanced boating access, and long-term value retention. Homesites with both shoreline dock potential and a deeded marina slip are increasingly limited, making this an exceptional opportunity to secure a legacy lake property. Seller is prepared to review qualified offers. *Buyer to verify all information*

Investor Tools

$385,900Estimated Mortgage Balance
$289,100Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

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Hannah Cupps

C4 Home and Land Team

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$951/month
$2,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,037
$675,000
2025
$675,000
N/A
$675,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,037
$675,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
One World Bank
Unknown
$404,920
No
First
Oct 6, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$385,900
$289,100
42%
57%
$2,428/mo

Learn About the Market: Opportunity in Texas

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Explore

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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385 Sailview Court | Property Details | No Agent List