Mustang Resort
Alba, TX
Asking price
$4,475,000
Sites
150
Cap rate
—
Price / site
$29,833
About this property
JTACR Real Estate Group is pleased to exclusively present Mustang RV Resort & Boat Storage: a 220-unit (150 pads, 60 enclosed boat storage stalls, and 10 hotel rooms) resort community on one of the western side peninsulas of Lake Fork. With 133 of the sites sitting on the lakefront, this resort offers its customers not only a highly desirable location, but also a scenic, safe, and community-centric site for their lake visits. Current ownership operates this resort in a very hands-on manner, and the result is a beautifully maintained, one-of-a-kind community. Operations have meticulous detail to customer interactions, up selling to community needs, and thorough maintenance and improvements to the infrastructure of the community. The community has two full time staff, one of which would be open to staying on for a short period. Mustang Resort is a preferred location for international bass fisherman travelers due to the ideal location, convenient boat ramps, store offerings, parking solutions, and short term stay options. Additional amenities that are offered to customers include various RV site options, park model rentals, hotel room options, Wi-Fi throughout, boat ramps, deck construction options, lawn care, a store, tackle & bait sales, boat storage, and much more. This opportunity presents investors with a Rare opportunity to own a lake front business and leaves vast amounts of opportunities for value add in expansion options and operational improvements. Courtesy Reminders - ** All property visits need to be coordinated via an agent. ** ** Please do NOT visit the property without an appointment.** ** Please do NOT contact the property directly.**
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $4,475,000 |
|---|---|
| Sites | 150 |
| Price per site | $29,833 |
| Address | 507 County Road 1550 |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 12, 2026 |
Before you call the broker
7 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Site count and hookup mix — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 15, 2026Status changedactive → stale (source absence)
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
