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Map
3509 Parliament CV
About This Property
Recent survey with topography and geotechnical study are available in documents. Parliament Cove is a quiet cul-de-sac with established homes nearby, offering helpful context for future development. A second lot with similar features may also be available separately.
Property is located in FEMA Flood Zone AE. Buyer to independently verify utilities, utility costs, deed restrictions, building requirements, zoning, HOA information, flood zone status, and all City of Lago Vista requirements. Drone photography taken from the lot.
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 2, 2026 | Listed by eXp Realty, LLC | $69,000 | |
| Listed by eXp Realty, LLC | |||
| Jan 1, 2025 | No longer available | - | |
| No longer available | |||
| Apr 28, 2024 | Listed by Pathfinder Realty | $99,999 | |
| Listed by Pathfinder Realty | |||
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BUILDER AND PLANS AVAILABLE! (see pics for preview of plans which includes pool and fantastic decking for lake life fun and view; or bring your own of either) Great development lot on the backside of the lakefront street of Parliament Cv. Street already has beautiful lake scenery houses built. All utilities are onsite already (water, sewer, electrical)! Possible lake views from top floor(s). Recent survey with topography (see attached Documents) and geotechnical study. Plans available for a 2-level SFH with decks and a possible rooftop deck with City of Lago Vista approval. Plans include fantastic features including pool, hot tub great for personal and short-term rental (STR) / vacation rental (VR) income opportunity. Up to 2 lots available all on this street with similar features. Please inquire for more information. Buyer to verify all deed restrictions, build requirements, zoning criteria and FEMA flood zone information. Listing agent is an owner of the selling entity. Drone photography taken from lot used in photos.
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About Highland Lake Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,950 /mo
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$2,295 /mo
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Listed Office: eXp Realty, LLC - Listing courtesy of Unlock MLS
Phone: (888) 519-7431
Last Updated: 2026-07-15 04:02:41
Data Source: Unlock MLS, MLS# ACT2307638
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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