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$639,500

1050 Fm 2841, Clifton, TX, 76634

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths2,576 Sq Ft
FarmFarm
price_per_sqft$248.25 / sqft
Year BuiltBuilt in 1955

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 5Bathrooms 5
AppliancesDisposal, Electric Water Heater, Double Oven
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Private Yard, Storage, Garden
Lot Size1.67 acres

Building Information

Year Built1955
Garage Spaces3

Land Information

APNR18331
Lot Number1-3
Land UseResidential
Legal DescriptionLAKELINE ACS LOT 1-3
Census Tract950600
Assessed Land Value$224,982
Assessed Improvement Value$427,512
Assessment Year2025

About this property

Welcome to Your Dream Lakeside Retreat - a breathtaking, newly renovated, luxury farmhouse, nestled on nearly 2 acres with THREE short-term rental units. The 2576 sqft main home was thoughtfully redesigned to create the current open-concept floor plan residence with expansive windows and natural light, to create an airy and inviting atmosphere. Every detail has been meticulously curated, from the unique vintage doors in each room, and stunning flooring throughout, to the custom finishes and fixtures that make this a one-of-a-kind home for your next lifestyle. The primary residence boasts two generously sized bedrooms, including a primary suite with a private shower, walk-in closet, and a spa-like en-suite bathroom with a free-standing soaking tub. Enjoy cozy evenings nestled by the stone fireplace for game nights in the main residence, while visitors can escape to their detached quarters when it is time to retire. This exquisite property offers 3 additional buildings, including 3 guest house units with 544 and 680 sqft each, and a third building that was originally envisioned to be the owners' suite. Two of the cabins are active, income-producing rentals, with the opportunity to rent out the third. Each of the three one-bedroom cabins has its' own kitchenette, bathroom, and outdoor entertaining space. The 1675 sqft, three-story, rear building has an attached garage and is currently being used for storage, but could be finished out as another residence, or income-producing unit such as a true Texas Ice icehouse! The property backs up directly to the Corps of Engineers land around Lake Whitney, and has two fenced yard areas, plus a serene koi fish pond, greenhouse, and an expansive deck area for entertaining. Walking distance to the boat ramp at Walling Bend Park and a short distance to Whitney Ridge Marina. The lakeside Red Canoe Lodge offers a Lifestyle unlike any other escape, while close enough to convenience and comforts. www.redcanoelodge.com

Investor Tools

Property Icon
$652,494
Estimated Property Value
$480,000Estimated Mortgage Balance
$180,229Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,915 /month
Positive
Cash Flow Estimate:
$1,305 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$929/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,887
$652,494
2025
$224,982
$427,512
$652,494
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,887
$652,494

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Grandview Bank
Unknown
$480,000
No
First
Jun 5, 2025
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$472,265
$180,229
27%
72%
$2,878/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: Clifton

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1050 Fm 2841 | Property Details | No Agent List