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$1,125,000

1141 Brackeen Dr, Possum Kingdom Lake, TX, 76449

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,138 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$526.19 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesBalcony, Boat Slip, Dock, Rain Gutters
Lot Size15,725 sqft

Building Information

Year Built1996
Garage Spaces1

Land Information

APN093200000
Lot Number20
SubdivisionBobwhite Bluffs Pk Lake
Land UseResidential
Legal DescriptionBOBWHITE BLUFFS PK LAKE LOT 20 (0.361 AC) WIDE LOT G#B0650-00-00000-020-00-0
Census Tract000200
Assessed Land Value$208,360
Assessed Improvement Value$613,330
Assessment Year2025

About this property

Tranquil setting in calm waters await you. Situated in one of Neeley Sloughs clear blue water coves. This cozy lakefront home offers a great deal of privacy with all the creature comforts for full time or weekend living. Main level family room, eat in kitchen and dining space plus one guest room, bath and shower. Upper level Master with ensuite bath and two additional guest rooms complete with full jack and jill bath. Enjoy the peaceful outdoor spaces on the upper or lower balconies as well as the gentle sloping water frontage. Easy access to your single slip dock with upper level to enjoy sunny days or moonlit nights. Some furnishings negotiable. Listing Includes 1139 and 1141 Brackeen Lots 19 and 20 for total of .708 acres. Main entry drive is common area to Bobwhite Bluff boat ramp

Investor Tools

Property Icon
$967,000
Estimated Property Value
$0Estimated Mortgage Balance
$967,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,750 /month
Positive
Cash Flow Estimate:
$2,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,310/month
$480/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,889
$821,690
2025
$208,360
$613,330
$821,690
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,889
$821,690

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$967,000
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: Possum Kingdom Lake

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1141 Brackeen Dr | Property Details | No Agent List