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$2,475,000

NAL Estimated Property Value

1003 Mesquite Rdg, Possum Kingdom Lake, TX, 76449

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,092 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$808.54 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBoat Slip, Courtyard, Covered Courtyard, Dock, Fire Pit
Lot Size1.02 acres

Building Information

Year Built1997
Garage Spaces2

Land Information

APN125663000
Lot Number219
SubdivisionGaines Bend Pk Lake
Land UseResidential
Legal DescriptionGAINES BEND PK LAKE BLK 1 LOTS 219 & S/2 OF 218 DEEDED LAND G#G0050-00-00010-219-00-0
Census Tract000200
Assessed Land Value$892,680
Assessed Improvement Value$1,212,450
Assessment Year2025

About this property

FABULOUS RESORT STYLE, FURNISHED, 1 AC, WATERFRONT LAKEHOME with, CUSTOM INFINITY POOL, HOT TUB, & DOUBLE LEVEL, DEEP WATER DOCK all with Breathtaking PANORAMIC PK LAKE VIEWS, and of Famous HELL'S GATE as well. This Beautiful Open Concept Design, 3092 sqft, 4bd, 3ba Lakehouse, is Located in the Exclusive GAINES BEND area of PK, and is renowned for its legendary Clear, Cobalt Blue Waters, and Stunning Cliffline Views, with an Elevated Point Bluff located on this property, to watch the Sunrises & Sunsets, and from the Gorgeous Pool, Hot Tub, Fire Pit, and Multiple Outdoor Dining, Lounging & Entertainment Patios. This Gated, Private, Oversized Lot has Wonderful Mature Shade Trees and Large Grassy Lawns for Yard Games & Outdoor Fun. Then when you enter the Lakehouse, The Upper Level Features Large Big Lake View, Picture Windows from the Kitchen, Living Room and Dining Areas, and from the Primary Bedroom Suite, complete with Office Space for working from the Lake, and Spacious Covered Outdoor Balconies all along the Lakeside 2nd Level. On the Downstairs Level, there is a 2nd Kitchen, and Living & Game Room Area with Pool Table and 3 Guest Bedrooms, 2 of which are Bunkrooms, perfect for accommodating Large Families and Extra Guests. Outside there is a 2013 Custom Rock, Gunite Infinity Pool & Spa to stay cool on Summer Days, and warm at night while watching the Tx Starry Nights, and Savor the amazing Lake Views all day, while Relaxing and Recharging in the Peaceful, Serenity & Unparalleled Beauty of Possum Kingdom Lake.Then down the Steps to the Water, there is a Double Level Dock with Boat Slip and 2 Sea Doo Lifts as well. This is the Best of PK Lakelife in one of the most Extraordinary, Beautiful Settings at PK, and with the Most Amazing Spot at PK to enjoy the Legendary Fireworks at Hell's Gate.

Investor Tools

Property Icon
$2,475,000
Estimated Property Value
$0Estimated Mortgage Balance
$2,475,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,000 /month
Positive
Cash Flow Estimate:
$5,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,282/month
$1,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$27,014
$2,105,130
2025
$892,680
$1,212,450
$2,105,130
No

Tax History

Year
Tax Paid
Assessed Value
2024
$27,014
$2,105,130

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,126,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Possum Kingdom Lake

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1003 Mesquite Rdg | Property Details | No Agent List