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B+
NoAgentList RatingHow are grades calculated? Info
Days27Days on Market
Views1view
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$995,000

$1,150,000

1113 Rim Of The World Dr, Tool, TX, 75143

On MarketInfo
Price DropInfo
Beds5 Beds
Baths3 Bath
Baths2,182 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$456 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Concrete, Hardwood

Exterior

Exterior FeaturesAwning(s), Boat Slip, Fire Pit

Building Information

Year Built1964

Land Information

APN4535-0000-1980-63
Lot Number198,LT
SubdivisionWestwood Beach Sec I & Ii (351)
Land UseResidential
Legal DescriptionLT 198 & PIER AB 659 N G RUSSELL SUR, WESTWOOD BEACH SEC II, LT 198 & PIER, B/47
Census Tract950801
Assessed Land Value$180,000
Assessed Improvement Value$295,990
Assessment Year2025

About this property

Price Improvement & Motivated Seller at this Stunning Open Water Cedar Creek Lake retreat with 2 Homes at 1113 Rim Of the World Dr, Tool TX 75143 - Main House (2 BR - 2 BA, 1295SF, 1964) plus Guest Cabin - Bunk House (3 BR, 1 full + 2 half baths, 888SF, 2012) Total 2418SF. Wide, open deep-water view with spectacular sightlines from a wall of windows in the vaulted living-dining-kitchen area. Main house built in 1964, features oak hardwood floors, built-in bookcase and cabinets, cedar mantle, authentic stone wood-burning fireplace, island cooktop, granite counters, oven, dishwasher, built-in microwave, large covered lakeside porch and an additional uncovered porch - perfect for enjoying the view and gathering with friends and family. Primary ensuite with walk-in shower and washer-dryer space, hall bath with soaker tub, and second bedroom with ceiling fan. Waterfront .34-acre lot with mature shade trees, small deck with fire pit for cozy evenings, and a double-deck boathouse with a single pontoon slip plus an upper deck for sunning and enjoying mesmerizing sunrise lake views; storage closet under the stairs. Cabin Bunkhouse built in 2012 offers vaulted ceiling with cedar beam, stained concrete floors, living-kitchenette (no oven), double sink, cabinets, space for full-size fridge, full bath ensuite with shower and stackable W-D, two additional bedrooms (one with half bath), bunk room for stacked twins, and an additional half bath. Easy weekend getaway with ample guest space - life is better at Cedar Creek Lake. Most of the furnishings and appliances in both the main home and guest cabin will stay except for family heirlooms and personal items. Owner may consider seller finance with a qualified, credit worthy buyer.

Investor Tools

Property Icon
$1,286,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,286,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,716 /month
Positive
Cash Flow Estimate:
$2,572 /month

Interested in this property?

Debbie Schwanbeck

Fathom Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,056/month
$90/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,240
$475,990
2025
$180,000
$295,990
$475,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,240
$475,990

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$475,990
100%
0%
$0/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: Tool

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