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$224,900

690 Shores Dr, Honey Grove, TX, 75446

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.16 acres

Land Information

APN138492
Lot Number45
Land UseVacant Urban
Legal DescriptionSHORES AT THE PENINSULA, LOT 45, ACRES 1.16
Census Tract950100
Assessed Land Value$250,000
Assessment Year2025

About this property

Welcome to 690 Shores Dr. (Lot 145) in The Shores at The Peninsula, an exclusive gated lake community in Honey Grove, TX. This 1.16-acre interior lot offers an incredible opportunity to build your dream home, vacation retreat, or investment property in a prestigious lakeside setting. Best of all, at under $225K, this is the lowest-priced lot across all Lakewood Capital communities on Bois d’Arc Lake—a rare find for those looking to secure property in this sought-after development. Located in a bring-your-own-builder community, this lot provides the flexibility to design a home that suits your vision. Whether you're looking for a peaceful retreat, an active lakeside lifestyle, or a strong investment opportunity, this property checks all the boxes. With short-term rentals permitted, investors can capitalize on the growing demand for luxury lake living. Residents of The Shores at The Peninsula enjoy resort-style amenities, including a multimillion-dollar clubhouse, mini golf course, fitness center, second-story observation deck, gated entrances, and an outdoor cooking area. Even more enhancements are on the way, with Phase Two amenities set for completion by Summer 2025. These will feature a community marina, paddleboard and kayak launch, pickleball and tennis court, multi-purpose field, fenced dog park, playground, and more. This lot’s close proximity to these upcoming amenities means you're just a short golf cart ride away from everything this vibrant community has to offer. Imagine waking up to lake breezes, spending your days boating, relaxing at the clubhouse, or enjoying the exciting new amenities just minutes from your doorstep. Don’t miss this chance to secure an affordable, high-potential lot in one of Texas’ most desirable lakefront communities. Build your vision, create your retreat, and start your legacy at Bois d’Arc Lake! *Buyer to verify all information.*

Investor Tools

$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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Hannah Cupps

C4 Home and Land Team

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$387/month
$2,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,397
$250,000
2025
$250,000
N/A
$250,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,397
$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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690 Shores Dr | Property Details | No Agent List