579 Indian Gap
About This Property
The property also features a leaseback area extending toward the water, providing additional space to enjoy the waterfront setting. Whether you're looking for a weekend fishing getaway, a recreational lake property, a place to bring your RV, or land with future possibilities, this property offers a great opportunity to enjoy everything the Lake Fork area is known for.
Spend your mornings overlooking the water, launch into a day of fishing, or simply relax and enjoy the quieter pace of East Texas. Lake Fork is nationally known for trophy bass fishing, making this an especially attractive location for anglers and outdoor enthusiasts.
Conveniently located near Quitman, Yantis, and the surrounding Lake Fork communities, this property offers the opportunity to own waterfront land in one of East Texas' most sought-after lake destinations. Bring your plans and start enjoying the lake life!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$70,000
↓ $15K
(17.7%) | |
| Price Decreased | |||
| Aug 25, 2026 | Listed by eXp Realty LLC | $85,000 | |
| Listed by eXp Realty LLC | |||
| Jun 9, 2023 | Sold | ||
| Sold | |||
| Nov 22, 2022 | Listed by Real | $85,000 | |
| Listed by Real | |||
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Nicely Treed Lake Fork Waterfront Lot with 2 RV Hookups. Deeded Land is Fully Fenced and T-Posts mark the SRA Leaseback to the Water. Possibilities are Endless with this Beautiful Land. Video is Available. Located in a Gated Community on Lake Fork. All Utilities in Place. All you need to do is Bring your RV! Perfect for the family who has multiple RV's. Everyone can stay together on one lot! Buyer to Pay for Survey and Title Insurance if Needed. Holiday Village Does Allow Full Time RV Living, Short and Long Term Rentals. Modular and Mobile Homes must be under 5 years of age to be allowed to move onto the property. Mandatory HOA is $50 a month. Well Water Filtration Facility and Sewer are $65 Each to Use a month. High Speed Internet is Available. Bring your Golf Cart, ATV, Boat, and Fishing Pole! Community Benefits Include Common Fishing Piers, Boat Ramps, Clubhouse with Diner, Pool, Playgrounds, Mini Golf, Basketball Court, and Picnic Areas. Monthly Potluck, Bingo, and Paint Class.
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| Mar 30, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017