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$499,900

104 Cove Dr, Shady Shores, TX, 76208

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,862 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$268.47 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Refrigerator
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size16,553 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR26712
Lot Number3,4
SubdivisionShady Shores Acres
Land UseResidential
Legal DescriptionSHADY SHORES ACRES BLK C LOT 3,4
Census Tract021412
Assessed Land Value$266,288
Assessed Improvement Value$173,448
Assessment Year2025

About this property

Discover the perfect blend of comfort, updates, and lakeside living in this beautifully remodeled home on two spacious Lake Lewisville waterfront lots in Shady Shores. Freshly updated throughout, this single-story ranch offers a bright, open layout with new interior paint, new lighting, new ceiling fans, and multiple replaced doors that give the home a clean, modern feel. The large living area features wide-plank flooring, recessed lighting, and a striking brick fireplace with a raised hearth, creating a warm focal point for the space. The kitchen was also recently remodeled and includes gray cabinetry, stainless steel appliances, a vent hood, nice backsplash, and generous counter space that opens seamlessly to the living and dining areas—ideal for everyday living or entertaining. Both bathrooms have been remodeled with new vanities, updated fixtures, fresh paint, new tile on floors and in showers all with modern finishes. Bedrooms are light and inviting with new carpet, updated fans, and ample natural light. There is also an outdoor storage building with electric on the property for those who enjoy craft hobbies. Enjoy peaceful views and mature trees from multiple rooms, or step outside to take in the expansive yard that leads toward the lake. The property includes a large waterfront lot, offering space, privacy, and the rare opportunity to enjoy the natural beauty of Lake Lewisville right from your own backyard. Whether you envision outdoor gatherings, gardening, or simply relaxing under the shade of towering trees, this setting delivers. With its fresh updates, open layout, and unbeatable lakeside location, this home is move-in ready and perfectly suited for anyone seeking a quiet retreat with convenient access to Denton, Lake Dallas, and surrounding amenities.

Investor Tools

$74,821Estimated Mortgage Balance
$425,842Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$623/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$340,987
2025
$266,288
$173,448
$439,736
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$340,987

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ctx Mtg
Fha
$89,059
Yes
First
Jul 31, 1998
Aug 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$74,821
$433,179
85%
15%
$1,146/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,090/mo
$1,146/mo
+$944/mo
5.0%

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: Shady Shores

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104 Cove Dr | Property Details | No Agent List