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$1,299,000

1008 Waterfall Way, Possum Kingdom Lake, TX, 76449

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths2,847 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$456.27 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4.5Bathrooms 4.5
AppliancesDishwasher, Disposal, Dryer, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Slate, Wood

Exterior

Exterior FeaturesBalcony, Storage
Lot Size31,276 sqft

Building Information

Year Built2008
Garage Spaces1

Land Information

APN136775460
Lot Number4-5R
SubdivisionHill Country Harbor
Land UseResidential
Legal DescriptionHILL COUNTRY HARBOR PH 1 BLK B LT 4-5R G#HCH00-01-00B00-004-R0-0
Census Tract000100
Assessed Land Value$132,920
Assessed Improvement Value$853,180
Assessment Year2025

About this property

Charming cabin nestled among lush landscape in the beautiful gated community of The Harbor on Possum Kingdom Lake. This large corner property offers many authentic rustic features and gorgeous vaulted beamed ceilings The main home boasts lower level master suite, upper loft area which serves as bunk room or addition living space as well as Upper guest room with ensuite bath, all comfortably appointed. This property also includes detached spacious guest quarters complete with kitchenette. Huge wrap around porch with handsome stone fireplace, peaceful water feature, native stone surround hot tub or cool tub and lush grounds are perfect for relaxing or entertaining. The Harbor is host to two resort pools, Patterson Marina, a spa, fitness center, walking trails, stocked ponds, a chapel, playground and sport courts. Mostly furnished and ready to enjoy!

Investor Tools

Property Icon
$1,209,000
Estimated Property Value
$562,688Estimated Mortgage Balance
$0Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,794 /month
Positive
Cash Flow Estimate:
$2,598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,986/month
$8,775/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,783
$986,100
2025
$132,920
$853,180
$986,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,783
$986,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Building Or Construction Loan
$562,688
No
First
Feb 23, 2023
Feb 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,520,266
N/A
0%
126%
$9,370/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.

Explore Texas Explore This Area
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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1008 Waterfall Way | Property Details | No Agent List