Anderson
20 Lakeside Drive
$75,000 Last Listed Price
●
Land -
Off Market
20 Lakeside Drive
Montalba, TX 75853
Studio
0 Bath
$381
Est. Monthly
About This Property
Welcome to the Reserve at Montalba! Located 90 minutes from DFW and
a short 10 minute drive to Palestine, this gated wilderness
community is perfectly nestled in the pineywoods of East Texas.
Lots are 3/4 acre and owners enjoy over 110 acres of common
property, where you have shared access and privileges to hike,
bike, fish and explore. Choose your homesite on one of four private
lakes, stocked with camelot bass and catfish. This community is
great for a weekend home in the country or your primary residence.
Air B & B is welcomed. There is nothing like the starry nights in
East Texas! Call for a tour of this well planned development and
start making memories right away!
Unit Size
-
Days on Market
-
Land Size
0.75 acres
Price per sqft
-
Property Type
Land
Property Taxes
$13
HOA Dues
-
Year Built
-
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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: 4 months ago (HAR #46285197)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 13, 2025 | Sold | ||
| Sold | |||
| Jan 2, 2025 | No longer available | - | |
| No longer available | |||
| Aug 11, 2023 | Listed by Staples Sotheby's International Realty | $75,000 | |
| Listed by Staples Sotheby's International Realty | |||
| | |||
|
Welcome to the Reserve at Montalba! Located 90 minutes from DFW and a short 10 minute drive to Palestine, this gated wilderness community is perfectly nestled in the pineywoods of East Texas. Lots are 3/4 acre and owners enjoy over 110 acres of common property, where you have shared access and privileges to hike, bike, fish and explore. Choose your homesite on one of four private lakes, stocked with camelot bass and catfish. This community is great for a weekend home in the country or your primary residence. Air B & B is welcomed. There is nothing like the starry nights in East Texas! Call for a tour of this well planned development and start making memories right away!
| |||
| Jan 3, 2020 | No longer available | - | |
| No longer available | |||
| Mar 3, 2019 | Listed | $90,000 | |
| Listed | |||
| | |||
|
Looking for peace & tranquility, beautiful country setting & an abundance of wildlife? This unique development offers acre water front lots to build your log or rustic style dream home among towering trees. Purchase of home site includes shared ownership in the Reserve Common (approx. 112 ac) for recreational use; ie hike, bike, fish, boat or enjoy nature. Each owner has access to 4 state-of-the-art stocked lakes. Two gated entrances lead to tree lined Lakeside Dr winding you through the forest like setting to individual home sites that are private & gated. Underground electrical is in place. Less than 2 hours from Dallas and a little over 2 hours from Houston this is the perfect place for family weekend retreats or a place to call home!
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About Anderson
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Listed by: Dana Staples, Staples Sotheby's International Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 46285197
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Last Updated: 4 months ago
Data Source: HAR , MLS# 46285197
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