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$915,000

118 Marina Drive, Gun Barrel City, TX, 75156

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths2,658 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$344.24 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesDishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Boat Slip, Dock, Rain Gutters, Private Yard

Building Information

Year Built2022
Garage Spaces1

Land Information

APN2926-0004-03R0-50
SubdivisionHarbor Light Villas Phase I (23)
Land UseResidential
Legal Description3R&4R AB 61 J M BERTRAN SUR, HARBOR LIGHT VILLAS PH I, BLK D LTS 3R,4R (2R2) (RE:TR #1) F/29 F/220
Census Tract950603
Assessed Land Value$125,078
Assessed Improvement Value$630,327
Assessment Year2025

About this property

Lovely furnished waterfront villa built in 2022, located in a gated community and situated on an oversized lot with a boatslip, two PWC pods, extra parking, and a garage featuring a car lift and tall ceilings designed to maximize parking and storage space. The lot offers an additional parking space on the right side of the home along with a yard that can be fenced for a dog run. On the opposite side, there is ample room for outdoor games such as cornhole. What truly sets this villa apart, beyond its generous lot size, is its protected location within a calm cove that shields the property from open-water wind and waves while still providing easy lake access via steps leading directly to the water. Pull out the Lilly Pad and enjoy relaxing lakeside just steps from the home's deck. One included PWC pod is conveniently located beside the house, while the second is located at the community marina. The included boatslip features a HydroHoist lift and is situated in the second section of the deep-water marina, where the slips are longer. The home offers two waterside ensuite bedrooms, including one on the main level. Upstairs, you'll find a spacious bonus room with a wet bar and balcony access, along with two additional bedrooms and a large bath featuring a double-sink vanity and tub-shower combination. The kitchen is equipped with Whirlpool appliances, granite countertops, under-cabinet and under-counter lighting, bar seating, and pantry. The living room showcases wraparound water views and features an electric fireplace. The downstairs primary ensuite bedroom enjoys beautiful water views, direct deck access, and bath with a double-sink vanity and walk-in shower. Luxury vinyl plank flooring runs throughout the home, and two water heaters provide added convenience. The garage includes a split-unit HVAC system and electrical capacity for the future installation of a vehicle charging station. Most furnishings, including dishes and linens, are included with a few exclusions.

Investor Tools

$368,022Estimated Mortgage Balance
$393,978Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,490 /month
Positive
Cash Flow Estimate:
$1,830 /month

Interested in this property?

Debbie French

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$593/month
$2,640/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,307
$755,405
2025
$125,078
$630,327
$755,405
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,307
$755,405

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Building Or Construction Loan
$423,000
No
First
Nov 27, 2019
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$368,022
$393,978
51%
48%
$2,537/mo

City: Gun Barrel City

118 Marina Drive | Property Details | No Agent List