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$615,000

1138 Hill Circle East Dr, Granite Shoals, TX, 78654

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,008 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$610.12 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesElectric Range, Refrigerator
FlooringLaminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone

Building Information

Year Built1971

Land Information

APN46455
Lot Number548
SubdivisionWoodland Hills
Land UseResidential
Legal DescriptionS8710 WOODLAND HILLS LOT 548
Census Tract960501
Assessed Land Value$750,240
Assessed Improvement Value$159,065
Assessment Year2025

About this property

Just when you thought owning on the jewel of the Highland Lakes, Lake LBJ, was out of reach, here comes 1138 Hill Circle East. This rare opportunity offers over 50 feet of waterfront in a protected Open Cove—ideal for swimming, boating, and enjoying pass-thru level Lake LBJ living at an attainable price point. Originally built in 1970 and lovingly held by one family, this well-maintained lake cabin has served as a cherished vacation retreat and is now ready for its next chapter. Featuring 2 bedrooms and 1 bath, the home offers a simple, functional layout with comfortable living spaces and large windows that bring in natural light and peaceful lake views. Surrounded by mature trees, the property provides a shaded, relaxed lakeside setting, while the fully fenced yard offers privacy and flexibility for pets, guests, or future enhancements. At the water’s edge, a private boat dock with electric lift is already in place—making it easy to get on the water and enjoy everything Lake LBJ has to offer from day one. Whether you're searching for an affordable waterfront getaway, a short-term rental investment opportunity, or a property to update or build on over time, this home delivers exceptional potential in a highly desirable location. Properties with usable water, existing dock infrastructure, and this level of accessibility are becoming increasingly difficult to find. Offered turn-key and fully furnished, recent improvements include a new roof (2022), updated flooring (2022), exterior paint (2022), window coverings (2023), and a new storage unit (2023)—with a riding mower included. A rare chance to secure true Lake LBJ waterfront living—ready to enjoy now, with upside for the future.

Investor Tools

Property Icon
$909,305
Estimated Property Value
$0Estimated Mortgage Balance
$909,305Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,456 /month
Positive
Cash Flow Estimate:
$1,819 /month

Interested in this property?

Zina Rodenbeck

Zina & Co. Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,737/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,297
$909,305
2025
$750,240
$159,065
$909,305
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,297
$909,305

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$909,305
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.

Explore Texas Explore This Area
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: Granite Shoals

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