$139,000
●
Land -
For Sale
102 Enchanted Isles Circle
Mabank, TX 75156
Studio
0 Bath
$791
Est. Monthly
$108
HOA / Fees
About This Property
A rare owner finance opportunity to build in an established,
upscale lake community, beautifully treed lot located in one of
Cedar Creek Lake's premier gated waterfront communities. Situated
on a quiet cul-de-sac, this interior lot offers serene water views
and is located on the third-and largest-island of Enchanted Isles,
surrounded by lush trees and multi-million-dollar homes. Enjoy a
peaceful, walkable neighborhood encircled by water, perfect for
connecting with neighbors and embracing lakeside living. Deed
restrictions require a site-built home with a minimum of 2,500
square feet of HVAC living space. Property owners enjoy access to
Enchanted Oaks amenities, including two deep-water boat launches,
swimming and fishing piers, and convenient trash
receptacles.Short-term rentals are prohibited, preserving the
tranquil atmosphere of the community.
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$108
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (NTREIS #21357145)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2026 | Listed by Ebby Halliday Realtors | $139,000 | |
| Listed by Ebby Halliday Realtors | |||
| Aug 9, 2026 | No longer available | - | |
| No longer available | |||
| Feb 6, 2026 | Listed by Ebby Halliday Realtors | $139,000 | |
| Listed by Ebby Halliday Realtors | |||
   | |||
|
A rare owner finance opportunity to build in an established, upscale lake community, beautifully treed lot located in one of Cedar Creek Lake’s premier gated waterfront communities. Situated on a quiet cul-de-sac, this interior lot offers serene water views and is located on the third—and largest—island of Enchanted Isles, surrounded by lush trees and multi-million-dollar homes. Enjoy a peaceful, walkable neighborhood encircled by water, perfect for connecting with neighbors and embracing lakeside living. Deed restrictions require a site-built home with a minimum of 2,500 square feet of HVAC living space. Property owners enjoy access to Enchanted Oaks amenities, including two deep-water boat launches, swimming and fishing piers, and convenient trash receptacles.Short-term rentals are prohibited, preserving the tranquil atmosphere of the community.
| |||
| Apr 21, 2024 | No longer available | - | |
| No longer available | |||
| Apr 12, 2024 | Listed by Value Properties | $180,000 | |
| Listed by Value Properties | |||
| | |||
|
Build your dream home on an island and live the lake life without all of the maintenance. Beautiful interior lot within the gated Enchanted Isles community with water views and the option to put your boat in the water at the private community boat ramp!
| |||
Show More
Property Highlights
Exterior Details
Lot Features: Interior Lot, Irregular Lot
Lot Size Area: 0.243
Lot Size Units: Acres
Lot Size Acres: 0.243
Lot Size Square Feet: 10585.08
Lot Size Dimensions: Irregular
Tax Lot: 51
Location Details
HOA/Condo/Coop Fee Includes: Management Fees
HOA Fee: $1,300
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Henderson
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Listed by: Debbie French, Ebby Halliday Realtors
Last Updated: 2 months ago
Data Source: NTREIS MLS, MLS# 21357145
Details provided by NTREIS and may not match the public record
Last Updated: 2 months ago
Data Source: NTREIS MLS, MLS# 21357145
Details provided by NTREIS and may not match the public record
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