Unleashing a Rare Lakefront Real Estate Opportunity: 919 Carter Drive, Oak Point, TX

$1,875,000

2 Beds | 2 Baths | 1,120 SqFt

919 Carter Drive, Oak Point, TX 75068

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In the picturesque lakeside community of Oak Point, Texas, a remarkable real estate opportunity beckons! Presenting 919 Carter Drive, an expansive 3.05 acres property with a vast lake frontage and endless development possibilities. This unique offering is an ensemble of seven lots, all under the same ownership. It hosts four distinct homes, with two currently leased on a month-to-month basis. Listed at a competitive price of 1,875,000, this property unlocks a gateway to an exciting, luxury real estate venture.

The Value is in the Land!

At the heart of this real estate gem is the land itself. It holds undisputable value with its impressive size, picturesque lake front views, and the potential for various development opportunities. The property's prime location makes it suitable for those seeking to build their dream lakeside oasis or investors looking to embark on a lucrative real estate venture, such as developing a condo complex.

The Lake Front Advantage

The charm of 919 Carter Drive comes from its stunning lake frontage. Whether it's the tranquil mornings watching the sunrise over the calm waters or the magical evenings with the sunset's reflection setting the lake aglow, owning a piece of this waterfront paradise is a rare opportunity. The relaxed, resort-like atmosphere provides an unmatchable lifestyle for future homeowners or a steady stream of guests for lucrative vacation rentals.

The Airbnb and VRBO Experience

The property's existing structures, 916 and 917 Carter, have successfully been operating as Airbnb and VRBO accommodations. This is a testament to the location's demand and potential for a thriving vacation rental business. The established operations can provide the new owners with a ready-to-go business model, serving as a substantial income stream.

Unique Structures and Amenities

The four residential structures on the property offer a unique blend of architectures and styles. The current setup of these homes provides a glimpse into the possibilities this property can offer. Furthermore, the property operates with private sewer and utilizes well water, underscoring its self-sufficient and green side.

Development Potential

One of the most enticing aspects of 919 Carter Drive is its vast development potential. Its large land area and desirable location make it ripe for a variety of projects, whether residential or commercial. Imagine a modern condominium complex or a set of luxury waterfront villas, each with private access to the lake. Alternatively, it could become a charming boutique hotel or a thriving vacation resort. The possibilities are as vast as the land itself.

A Growing, Prosperous Area

Oak Point, with its serene environment and the appeal of lakefront living, is a growing community that offers a high quality of life. Its close proximity to the Dallas-Fort Worth Metroplex makes it an attractive location for those seeking peaceful living with easy access to city amenities. This blend of tranquility and convenience adds to the appeal of 919 Carter Drive, enhancing its potential as a long-term investment.

In conclusion, the seven lots of 919 Carter Drive represent a unique and highly profitable venture into the world of real estate. With its endless possibilities and valuable assets, this property holds the promise of a prosperous future as a personal oasis, a vibrant vacation rental, or a lucrative development project. Rarely does such a versatile and promising offer come along in the real estate market, making this a must-consider opportunity!