$39,000
●
Land -
For Sale
103 Cree Street
Mabank, TX 75156
Studio
0 Bath
$204
Est. Monthly
$13
HOA / Fees
About This Property
Affordable Waterfront Canal Living at Cedar Creek Lake!Build your
custom weekend getaway or dream lake home on this prime canal
frontage lot in the desirable Cherokee Shores community! Enjoy
direct water access right from your backyard-perfect for kayaking,
jet skis, fishing, or cruising out into the main body of Cedar
Creek Lake.Property & Community Highlights:Waterfront Canal Access:
Enjoy peaceful water views and direct access to Cedar Creek Lake.
Cleared & Ready: Featuring a partially cleared terrain with
mature shade trees, offering a beautiful setting for your build.
Exceptional Amenities: Low HOA includes access to a
private boat ramp, community swimming pool, parks, fishing spots,
and playground. Utilities Nearby: Electricity and city water
lines are available in the area (buyer to verify connection steps).
Prime Location: Conveniently located just over 1 hour from
the Dallas Metroplex-making weekend escapes effortless! Bring
your builder, bring your water toys, and start enjoying the relaxed
lake lifestyle today. Survey available! Contact the listing agent
for details.
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$13
Year Built
-
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 3 months ago (NTREIS #21151989)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 12, 2026 | Listed by Oscar Verdin & Associates Real | $39,000 | |
| Listed by Oscar Verdin & Associates Real | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Mar 19, 2024 | Listed by Oscar Verdin & Associates Real | $39,900 | |
| Listed by Oscar Verdin & Associates Real | |||
| | |||
|
WATERFRONT CHANNEL LOT, CLEARED AND READY FOR USE, EUSTACE ISD, LOCATED NEAR LAKE, HOA OFFERS BOAT RAMP AND SWIMMING POOL.
BUYER TO VERIFY ANY AND ALL INFORMATION.
| |||
| Jul 11, 2022 | Sold | ||
| Sold | |||
| Jun 16, 2022 | Listed by Fathom Realty LLC | $42,000 | |
| Listed by Fathom Realty LLC | |||
| | |||
|
WATERFRONT CHANNEL LOT, CLEARED AND READY FOR USE, PREVIOUS STRUCTURE WAS REMOVED WHERE SEPTIC WAS IN PLACE ALONG WITH WATER METER AND SELLER DOES NOT KNOW CODITION OF SUCH, EUSTACE ISD, LOCATED NEAR LAKE, HOA OFFERS BOAT RAMP AND SWIMMING POOL.BUYER TO PAY FOR SURVEY IF DESIRED, BUYER AND BUYER'S AGENT TO VERIFY ANY AND ALL INFORMATION.
| |||
Property Highlights
Exterior Details
Waterfront Features: Canal (Man Made)
Lot Features: Cleared, Few Trees, Interior Lot, Waterfront, Subdivision
Lot Size Area: 0.135
Lot Size Units: Acres
Lot Size Acres: 0.135
Lot Size Square Feet: 5880.6
Lot Size Dimensions: 60X105
Tax Lot: 1057
Location Details
HOA/Condo/Coop Fee Includes: Full Use of Facilities
HOA Fee: $150
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
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Oscar Verdin, Oscar Verdin & Associates Real
Last Updated: 3 months ago
Data Source: NTREIS MLS, MLS# 21151989
Details provided by NTREIS and may not match the public record
Last Updated: 3 months ago
Data Source: NTREIS MLS, MLS# 21151989
Details provided by NTREIS and may not match the public record
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017