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$699,990

525 Lake Park Avenue, Waxahachie, TX, 75165

On MarketInfo
Baths0 Bath
Baths1,675 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 1971

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7.89 acres

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces2

Land Information

APN90.2002.245.002.00.112
Lot Number1,2
SubdivisionTown
Land UseResidential
Legal DescriptionLOT 1-2 BLK 245 & 246 TOWN & 290 B B DAVIS 7.8914 AC
Census Tract060300
Assessed Land Value$165,600
Assessed Improvement Value$144,128
Assessment Year2025

About this property

Prime 7.89-acre residential development opportunity in the heart of Waxahachie with a conceptual 10-lot subdivision already studied and ready for builder vision. This residential development land presents an exceptional builder opportunity with strong subdivision potential in one of North Texas’ fastest-growing areas. The property currently features a single-family ranch-style home built in 1971 with 3 bedrooms, 2 baths, and approximately 1,675 square feet, but the true value lies in the land’s development potential. A completed plat study has already explored the concept for Lake Park Estates, offering shovel-ready potential for an infill development project with nearby infrastructure and city sewer and water available. Located just minutes from Lake Waxahachie, historic downtown Waxahachie, H-E-B, and major highway access, this property sits in a prime growth corridor with strong demand for new housing. This is a rare opportunity for builders and developers seeking entitled concept plan potential and residential development land within the city.

Investor Tools

$0Estimated Mortgage Balance
$742,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,452 /month
Positive
Cash Flow Estimate:
$1,484 /month

Interested in this property?

Erica Tito

TX Real Estate Partners

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$806/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,962
$309,728
2025
$165,600
$144,128
$309,728
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,962
$309,728

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$742,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
N/A
+$2,572/mo
4.2%

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.

Explore Texas Explore This Area
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: Waxahachie

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525 Lake Park Avenue | Property Details | No Agent List