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$699,000

$720,000

1203 Mcginnis Point Ct, Graford, TX, 76449

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths1,504 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$464.76 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesRefrigerator

Exterior

Exterior FeaturesDock, Outdoor Shower
Lot Size17,511 sqft

Building Information

Year Built2013
Garage Spaces1

Land Information

APN195572100
Lot Number2
SubdivisionPk Lake 32-1-48 Area 12
Land UseResidential
Legal DescriptionPK LAKE 32-1-48 AREA 12 LOT 2 OFF WILLOW BEACH (FEE SIMPLE .224 AC & FERC .178 AC) G#P0500-00-120WB-002-00-0 DOCK #11303/Y
Census Tract000100
Assessed Land Value$584,920
Assessed Improvement Value$191,880
Assessment Year2025

About this property

This is the kind of lakefront families talk about for years. Tucked inside a calm no-wake cove and surrounded by water on both sides, this rare double-waterfront retreat is designed for pure enjoyment. Mornings begin slowly here. Coffee in hand while the lake mirrors the sky, kids already barefoot in the sand. The private sandy beach becomes headquarters for paddleboard launches, cannonballs, sunbathing, and long, unhurried afternoons along the shoreline. The swim dock turns into evening central. Lines drop into the water for nighttime fishing, laughter carries easily across the quiet cove, and the calm water makes swimming, floating, and learning to boat feel safe and easy. This is lake life without the chaos. Peaceful, protected, and truly usable. Inside, lake views greet you from both the primary suite and guest spaces, so the water is the first thing you see each morning. The detached guest house, with two bedrooms joined by a Jack and Jill bath, creates a private retreat for visiting family and friends, giving everyone their own space while keeping the gathering close. After long days on the water, use the outdoor showers to rinse off sunscreen and sand before dinner on the patio.

Investor Tools

$329,986Estimated Mortgage Balance
$448,053Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,661 /month
Positive
Cash Flow Estimate:
$1,554 /month

Interested in this property?

Merit Holstein

Possum Kingdom Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,221/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,766
$776,800
2025
$584,920
$191,880
$776,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,766
$776,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Happy State Bank
Open End Mortgage / Open End With Future Advance Clause
$360,000
No
First
Dec 10, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$329,986
$446,814
57%
42%
$2,159/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: Graford

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1203 Mcginnis Point Ct | Property Details | No Agent List