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$139,000

102 Enchanted Isles Circle, Mabank, TX, 75156

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About this property

A rare owner finance opportunity to build in an established, upscale lake community, beautifully treed lot located in one of Cedar Creek Lake’s premier gated waterfront communities. Situated on a quiet cul-de-sac, this interior lot offers serene water views and is located on the third—and largest—island of Enchanted Isles, surrounded by lush trees and multi-million-dollar homes. Enjoy a peaceful, walkable neighborhood encircled by water, perfect for connecting with neighbors and embracing lakeside living. Deed restrictions require a site-built home with a minimum of 2,500 square feet of HVAC living space. Property owners enjoy access to Enchanted Oaks amenities, including two deep-water boat launches, swimming and fishing piers, and convenient trash receptacles.Short-term rentals are prohibited, preserving the tranquil atmosphere of the community.

Investor Tools

$0Estimated Mortgage Balance
$139,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$834 /month
Positive
Cash Flow Estimate:
$278 /month

Interested in this property?

Debbie French

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$1,300/month
5.947%

City: Mabank