$28,500 Last Listed Price
●
Land -
Off Market
305 Mayfair Circle
Wharton, TX 77488
Studio
0 Bath
$177
Est. Monthly
About This Property
Looking for the perfect place to build your forever home or your
next smart investment? This Prime Lot at 305 Mayfair Circle
offers an incredible opportunity in one of Wharton's quiet,
established neighborhoods.
Whether you're dreaming of a Charming Garden Home, a Cozy Custom Build, or a Rental Property for long-term income, this property checks all the boxes.
**Why You'll Love It**
*Peaceful, well-established neighborhood
*Ideal for a garden-style home
*Perfect for a primary residence or investment rental
*Just Minutes from local schools
*Minutes from Wharton County Junior College
*Quick access to Highway 59
*Convenient to Historic Downtown Wharton
With its location, accessibility, and investment potential, this lot is priced to sell & ready for your vision.
Opportunity like this don't last long!! Lot next to it is also available for sale.
Whether you're dreaming of a Charming Garden Home, a Cozy Custom Build, or a Rental Property for long-term income, this property checks all the boxes.
**Why You'll Love It**
*Peaceful, well-established neighborhood
*Ideal for a garden-style home
*Perfect for a primary residence or investment rental
*Just Minutes from local schools
*Minutes from Wharton County Junior College
*Quick access to Highway 59
*Convenient to Historic Downtown Wharton
With its location, accessibility, and investment potential, this lot is priced to sell & ready for your vision.
Opportunity like this don't last long!! Lot next to it is also available for sale.
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
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Property Type
Land
Property Taxes
$37
HOA Dues
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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: 8 months ago (HAR #69827994)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 23, 2026 | Sold | ||
| Sold | |||
| Feb 12, 2026 | Listed by RE/MAX Land & Homes on the Bay | $28,500 | |
| Listed by RE/MAX Land & Homes on the Bay | |||
| Mar 20, 2025 | Listed | $30,000 | |
| Listed | |||
| | |||
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Prime Lot for Sale – 309 Mayfair Circle in Wharton Tx. Discover the perfect opportunity to build your home or investment property on this exceptional lot in a quiet, established neighborhood in Wharton, Texas. Ideal for a garden home, this lot offers a fantastic setting for those looking to create a cozy forever home, a profitable rental, or an investment property. With easy access to local amenities, schools, and major roadways, this lot combines convenience with the charm of small-town living. Whether you’re an investor seeking the next great build or a homeowner ready to bring your vision to life, this property is a must-see! Don’t miss out on this rare find—contact me today for more details!
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Wharton
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Listed by: Delia Rodriguez, RE/MAX Land & Homes on the Bay
Last Updated: 8 months ago
Data Source: HAR , MLS# 69827994
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Last Updated: 8 months ago
Data Source: HAR , MLS# 69827994
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