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$250,000

NAL Estimated Property Value

555 Peninsula Dr, Honey Grove, TX, 75446

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.12 acres

Land Information

APN138413
Lot Number41
Land UseVacant Urban
Legal DescriptionPENINSULA ADDITION, LOT 41, ACRES 1.12
Census Tract950100
Assessed Land Value$250,000
Assessment Year2025

About this property

Imagine building your dream house on 1.12 acres of peace and tranquility in an exclusive gated community on Texas’s hottest new lake, Bois D’Arc! You’ve probably heard the saying “everything is bigger in Texas”, well The Peninsula has put an exclamation point on that phrase by offering top of the line amenities like a multi-million dollar clubhouse with an infinity pool overlooking the almost 17,000 acre lake, a state of the art gym & outdoor fitness center, grilling stations, custom putt-putt golf course, a resident lounge with kitchen & bar, community playgrounds, and 4 miles of pristine shoreline. As if that wasn’t enough, future enhancements will include a community marina, tennis and pickleball courts, fenced dog park, playground, kayak & paddleboard launch, walking trails, and more! Only 60 miles north of Dallas, lake life is calling your name. Get away from all the hustle & bustle of city life, and enjoy the slower pace of lake living. The community is located on the biggest, widest, and deepest section of the lake and offer unmatched views of those glorious Texas sunsets. It’s prime real estate at its finest. Enjoy fishing for largemouth bass, crappie, and catfish or jump on your boat and cruise up and down the lake skiing, wakeboarding, and tubing. Bring your own builder and build at your own pace. This lot also makes a fantastic investment property. Build and lease short term on a lake that is rapidly growing in popularity and only half the size of Cedar Creek Lake. Search the address on YouTube for video.

Investor Tools

Property Icon
$250,000
Estimated Property Value
$0Estimated Mortgage Balance
$250,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$395/month
$2,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,484
$250,000
2025
$250,000
N/A
$250,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,484
$250,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$250,000
100%
0%
$0/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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555 Peninsula Dr | Property Details | No Agent List