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$625,000

NAL Estimated Property Value

1111 N Shore Drive, Clear Lake Shores, TX, 77565

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,552 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$262.5 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Gas Range, Convection Oven
FlooringWood

Exterior

Exterior FeaturesBoat Slip
Lot Size3,232 sqft

Building Information

Year Built1964
Stories2
Roof Type105
Garage Spaces2

Land Information

APN2620-0000-2215-000
Lot Number2215,22
SubdivisionClear Lake Shores
Land UseResidential
Legal DescriptionABST 18 M MULDOON SUR LOTS 2215 & 2216 CLEAR LAKE SHORES
Census Tract721503
Assessed Land Value$88,830
Assessed Improvement Value$436,170
Assessment Year2025

About this property

Luxury waterfront living in the popular community of Clear Lake Shores. Outstanding views of Clear Lake from multiple decks and pier. Beautifully landscaped drive with lush palms. Gated entry with travertine floor. Ground level could be a guest suite or game room as it offers a full bathroom, kitchenette and washer/dryer. The 2nd level is the main living area with an open floor plan and two guest bedrooms. The cook’s kitchen offers stainless GE Profile appliances, Kohler Professional stainless sink, granite countertops and island. The third floor is the study and master suite with private deck. Master bath has his/her vanities, walk in shower with rain shower head and spa tub with water views. The City of Clear Lake Shores is considering the Yachting Capital of Texas. Along with boats, golf carts are a popular mode of transportation on the island where there are many community events.

Investor Tools

Property Icon
$625,000
Estimated Property Value
$342,211Estimated Mortgage Balance
$282,789Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,019 /month
Positive
Cash Flow Estimate:
$1,340 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$486/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,702
$525,000
2025
$88,830
$436,170
$525,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,702
$525,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$390,000
No
First
Feb 6, 2020
Mar 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$342,211
$282,789
45%
55%
$2,339/mo

City: Clear Lake Shores

1111 N Shore Drive | Property Details | No Agent List