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Owner Contacts

$634,000

NAL Estimated Property Value

118 Williamsburg Ln, Bullard, TX, 75757

Off Market

4 Beds

3 Bath

3,051 Sq Ft

$173.71 / sqft

Built in 1986

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Electric Oven

Exterior

Exterior FeaturesBoat Slip

Lot Size29,272 sqft

Building Information

Year Built1986

Stories1

Roof Type105

Garage Spaces3

Land Information

APN1-80270-0009-00-009230

SubdivisionEmerald Bay

Land UseResidential

Legal DescriptionEMERALD BAYBLOCK 00 LOT 0009W

Census Tract001912

Assessed Land Value$146,370

Assessed Improvement Value$449,702

Assessment Year2025

About this property

Waterfront beauty in Emerald Bay on Lake Palestine! Over a half-acre lot with amazing views! Enjoy the pier for fishing, duck watching and swimming. 2 lifts for boat and jet skis. With over 3000 Sq. Ft. this home offers 4 bedrooms (one is currently used as an office) 3 baths, 2 living/entertainment areas or MIL suite, formal dining, open kitchen, and 2 car garage with 3 bay for boat, ATV or golf cart. Take in all the beauty of the evening sunsets while sitting on your covered patio overlooking the water. Amenities Include: Golf Course, Driving Range, Country Club, Restaurant, Fitness Center, Walking Trails, Pool, Tennis/Pickleball Court, Basketball Court, Parks, Church and More! Recent updates include: new flooring, paint and fixtures. What a treasure and incredible opportunity to bring this once showstopper back to life! With a little vision, this property could be the envy of the gated and secure subdivision in the highly desired Bullard ISD!

Investor Tools

$634,000

Estimated Property Value

$391,024Estimated Mortgage Balance

$242,976Estimated Equity

38% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$530,006

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,804 /month

Positive

Cash Flow Estimate:

$1,268 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$367/month

$400/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,238

$596,072

2025

$146,370

$449,702

$596,072

Tax History

Year

Tax Paid

Assessed Value

2025

$1,238

$596,072

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Southside Bank

Reverse Mortgage / Hecm

$682,500

First

Jan 24, 2011

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$391,024

$242,976

38%

62%

$2,613/mo

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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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