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$508,000

NAL Estimated Property Value

1208 Cedar Pine Lane, Oak Point, TX, 75068

Off MarketInfo
Baths0 Bath
Baths1,916 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size38,986 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR582979
SubdivisionShores Acres
Land UseResidential
Legal DescriptionSHORES ACRES BLK B LOT 6R1
Census Tract020115
Assessed Land Value$162,972
Assessed Improvement Value$345,028
Assessment Year2025

About this property

Life is good at the lake! Dream home ready .89 acre lake lot on Lake Lewisville with hardy native trees. Active neighborhood with many lovely homes. Buy a golf cart to cruise around or stroll to Dallas Corinthian Yacht Club (DCYC). Minimum build size 1500 SF & no mobile homes allowed. Very private with a long 77' x 220' driveway approach that includes a shared fresh water well. Site preparation will need to include an aerobic septic system & propane. Electric is available. Soil is sandy loam. Enjoy the City of Oak Point boat ramp or join DCYC for clubhouse, pool & boat slips access & fun events. Zoned R3X. Zoning info is in docs section for agents.

Investor Tools

Property Icon
$508,000
Estimated Property Value
$290,382Estimated Mortgage Balance
$217,618Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,048 /month
Positive
Cash Flow Estimate:
$1,016 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$877/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,981
$508,000
2025
$162,972
$345,028
$508,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,981
$508,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bbva Usa
Conventional
$319,200
No
First
Aug 20, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$290,382
$217,618
42%
57%
$1,914/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$1,914/mo
+$956/mo
6.8%

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.

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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: Oak Point

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1208 Cedar Pine Lane | Property Details | No Agent List