$28,500 Last Listed Price
●
Land -
Off Market
309 Mayfair Circle
Wharton, TX 77488
Studio
0 Bath
$175
Est. Monthly
About This Property
Attention Builders & Investors - this is a Clean, Ready-to-Develop
Lot in a quiet, established neighborhood in Wharton.
309 Mayfair Circle offers the ideal setup for a Spec Garden Home Build or Income Producing Rental Property in a steady local market w/consistent housing demand.
Why This Lot Makes Sense:
**Established Neighborhood
**Minutes from Wharton County Junior College
**Quick Access to Highway 59
**Close to Historic Downtown
**Strong rental potential due to proximity to college & schools
This is the type of lot that allows a builder to deliver a manageable square footage home w/attractive margins. Whether you're building to sell or building to hold, the location supports both exit strategies.
With limited build-ready lots available in established neighborhoods, this one is priced to move & positioned for solid upside.
If you're looking for your next spec project in Wharton-this is it.
309 Mayfair Circle offers the ideal setup for a Spec Garden Home Build or Income Producing Rental Property in a steady local market w/consistent housing demand.
Why This Lot Makes Sense:
**Established Neighborhood
**Minutes from Wharton County Junior College
**Quick Access to Highway 59
**Close to Historic Downtown
**Strong rental potential due to proximity to college & schools
This is the type of lot that allows a builder to deliver a manageable square footage home w/attractive margins. Whether you're building to sell or building to hold, the location supports both exit strategies.
With limited build-ready lots available in established neighborhoods, this one is priced to move & positioned for solid upside.
If you're looking for your next spec project in Wharton-this is it.
Unit Size
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Days on Market
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Land Size
0.12 acres
Price per sqft
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Property Type
Land
Property Taxes
$35
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 #10199792)
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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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# 10199792
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Last Updated: 8 months ago
Data Source: HAR , MLS# 10199792
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