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$483,153

NAL Estimated Property Value

1201 Shell Beach Drive, Little Elm, TX, 75068

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,190 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$141.55 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Plumbed For Ice Maker, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Lot Size24,481 sqft

Building Information

Year Built1999
Stories1
Roof Type105
Garage Spaces6

Land Information

APNR200927
Lot Number22
SubdivisionShell Beach
Land UseResidential
Legal DescriptionSHELL BEACH BLK A LOT 22
Census Tract020127
Assessed Land Value$217,443
Assessed Improvement Value$307,267
Assessment Year2025

About this property

Rare opportunity to own in Shell Beach subdivision, a highly desirable lakefront neighborhood. Custom home with tons of potential on .56 of an acre with no neighbor on one side and a brick wall as back fence. It has a unique feature of a detached heated and cooled 720 sq. ft brick building with a 10 X 17 ft garage door. Can be used for boat or RV parking or as a shop. Could also easily be converted for a variety of uses including a pool house. Plenty of room for a pool right off the patio. New roof on both buildings Sept. 2018. Walking distance to Cottonwood Creek Marina and Park and Little Elm Park. Needs some TLC and is priced accordingly. Don't pass up the opportunity to make this home your own.

Investor Tools

Property Icon
$483,153
Estimated Property Value
$247,933Estimated Mortgage Balance
$235,220Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,899 /month
Positive
Cash Flow Estimate:
$966 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$821/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,431
$483,153
2025
$217,443
$307,267
$524,710
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,431
$483,153

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Conventional
$271,503
No
First
Oct 4, 2021
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$247,933
$235,220
48%
51%
$1,628/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,750/mo
$1,753/mo
+$1,997/mo
9.3%

Learn About the Market: Opportunity in Texas

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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: Little Elm

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1201 Shell Beach Drive | Property Details | No Agent List