$1,995,000
●
Land -
For Sale
2641 Magnolia Circle
Westlake, TX 76262
Studio
0 Bath
$10,796
Est. Monthly
$1,000
HOA / Fees
About This Property
** THIS IS THE LAST LAKE FRONT LOT AVAILABLE!!!!!!! **
Welcome home to Westlake Ranch, Westlake's
newest premiere community. Build your DREAM Home with SCH HOMES,
one of the most prestigious, experienced and sought-after Luxury
Custom Builders in all of Texas. Westlake Ranch is a brand new,
Exclusive subdivision with only 32 total homes and offers Club
living right within your neighborhood. This unique community
features a private Clubhouse with dedicated, on-site Concierge
service, 3 indoor Pickleball courts, a bar, catering kitchen and
function room available to host your events. Gated for Privacy,
this exclusive subdivision enjoys Secure Entries, shared Green
Spaces, a Stocked Fishing Pond and Walking Paths. Conveniently
located with excellent access to Dallas and Fort Worth, and just a
short drive to DFW airport. Enjoy the best that Westlake and luxury
living have to offer! ** Students Can attend Westlake
Academy or Open Enrollment to Southlake Carroll ISD **
Unit Size
-
Days on Market
-
Land Size
0.59 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$1,000
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: 4 months ago (NTREIS #21305611)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2026 | Listed by Ebby Halliday, REALTORS | $1,995,000 | |
| Listed by Ebby Halliday, REALTORS | |||
| Jul 10, 2025 | Sold | ||
| Sold | |||
| May 22, 2025 | In contract | - | |
| In contract | |||
| Mar 5, 2025 | Listed by Ebby Halliday, REALTORS | $1,725,000 | |
| Listed by Ebby Halliday, REALTORS | |||
| | |||
|
Welcome home to Westlake Ranch, Westlake's newest premiere community. Build your DREAM Home on one of the very best lots in the neighborhood! Custom build with SCH HOMES, one of the most prestigious, experienced and sought-after builders in all of Texas. Westlake Ranch is a brand new, luxury subdivision with only 32 total homes and offers Club living right within your neighborhood. This exclusive community features a private Clubhouse with dedicated, on-site concierge service, 3 indoor Pickleball courts, a bar, catering kitchen and function rooms available to host your events. Gated for privacy, this exclusive subdivision enjoys secure entries, shared green spaces, a stocked fishing pond and walking trails. Conveniently located with excellent access to Dallas and Fort Worth, and just a short drive to DFW airport. Enjoy the best that Westlake and luxury living have to offer!
| |||
| Feb 26, 2025 | No longer available | - | |
| No longer available | |||
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Property Highlights
Doorman
Exterior Details
Waterfront Features: Lake Front
Lot Features: Cleared, Waterfront, Subdivision, Water/Lake View
Lot Size Area: 25777
Lot Size Units: Square Feet
Lot Size Acres: 0.5918
Lot Size Square Feet: 25777
Tax Lot: 6
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Security, Full Use of Facilities, Management Fees
HOA Fee: $1,000
HOA Fee Frequency: Monthly
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 Vaquero
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Listed by: Kelly Marcontell, Ebby Halliday, REALTORS
Last Updated: 4 months ago
Data Source: NTREIS MLS, MLS# 21305611
Details provided by NTREIS and may not match the public record
Last Updated: 4 months ago
Data Source: NTREIS MLS, MLS# 21305611
Details provided by NTREIS and may not match the public record
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