$58,000
●
Land -
For Sale
221 Colonial Drive
Mabank, TX 75156
Studio
0 Bath
$402
Est. Monthly
$117
HOA / Fees
About This Property
One of 2 adjacent golf course lots at Pinnacle Club on Cedar Creek
Lake. Sought after Pinnacle Club property ownership includes social
membership to restaurant, pool, fitness center, tennis and pickle
ball courts. Golf memberships available. Built your dream full time
or second home and sit on your patio surrounded by mature trees,
lush greens and enjoy watching deer walking through the peaceful
surroundings. There are many activities at the club house so you
can be as involved as you like. Pinnacle also has a very active
women's club that in addition to social activities is involved in
volunteer activities in the area. A social membership to
Pinnacle is included, with a one time mandatory .002 of the sales
price for a buyer transfer fee with the purchase of any Pinnacle
property. Golf memberships available. 2026 Assessment for Clubhouse
renovations. Contact agent for info. Available with adjacent lot
223 Colonial Dr for over half an acre if purchased together for
$85,000. See MLS 21106683.
Unit Size
-
Days on Market
-
Land Size
0.26 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$117
Year Built
-
Listed By
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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 #21267679)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 11, 2026 | Listed by Ebby Halliday Realtors | $58,000 | |
| Listed by Ebby Halliday Realtors | |||
| May 10, 2026 | No longer available | - | |
| No longer available | |||
| Apr 14, 2026 | Price Increased |
$58,000
↑ $8K
(16%) | |
| Price Increased | |||
| Nov 7, 2025 | Listed by Ebby Halliday Realtors | $50,000 | |
| Listed by Ebby Halliday Realtors | |||
| | |||
|
One of 2 adjacent golf course lots at Pinnacle Club on Cedar Creek Lake. Sought after Pinnacle Club property ownership includes social membership to restaurant, pool, fitness center, tennis and pickle ball courts. Golf memberships available. Built your dream full time or second home and sit on your patio surrounded by mature trees, lush greens and enjoy watching deer walking through the peaceful surroundings. There are many activities at the club house so you can be as involved as you like. Pinnacle also has a very active women's club that in addition to social activities is involved in volunteer activities in the area. A social membership to Pinnacle is included, with a one time mandatory .002 of the sales price for a buyer transfer fee with the purchase of any Pinnacle property. Golf memberships available. 2026 Assessment for Clubhouse renovations. Contact agent for info. Available with adjacent lot 223 Colonial Dr for over half an acre if purchased together for $85,000. See MLS 21106683.
| |||
| Nov 4, 2025 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Exterior Details
Lot Features: Level, Many Trees, On Golf Course, Subdivision
Lot Size Area: 0.26
Lot Size Units: Acres
Lot Size Acres: 0.26
Lot Size Square Feet: 11325.6
Lot Size Dimensions: 85x135
Tax Lot: 624
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Security
HOA Fee: $1,400
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: 3 months ago
Data Source: NTREIS MLS, MLS# 21267679
Details provided by NTREIS and may not match the public record
Last Updated: 3 months ago
Data Source: NTREIS MLS, MLS# 21267679
Details provided by NTREIS and may not match the public record
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