Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Days11Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$220,000

$230,000

121 Elk Cove Dr, Mabank, TX, 75156

On MarketInfo
Just AddedInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths1,456 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$151.1 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Oven, Electric Water Heater

Building Information

Year Built2024

Land Information

APN3675-0000-2250-50
Lot Number225
SubdivisionOak Harbor Subd (798)
Land UseVacant Land
Legal DescriptionAB 483 B MEDRO SUR, OAK HARBOR LT 225
Census Tract950601
Assessed Land Value$15,000
Assessed Improvement Value$244,471
Assessment Year2025

About this property

You will not want to miss this home tucked away in Mabank nestled into a park-like setting with towering trees. This 2 year old home offers the kind of easy, laid-back lake living that’s hard to find. Step inside to an open-concept living space filled with natural light with large windows and tall ceilings to bring in natural light and giving the home a peaceful, relaxing feel. Stylish modern fixtures with a large center island with custom cabinetry. This home would be perfect for entertaining or everyday living. With 2 bedrooms, 2 bathrooms, and 1,500 square feet, the layout is comfortable and functional with plenty of room to spread out. Large windows bringing in natural light and giving the home a peaceful, relaxing feel. Located just minutes from shopping, dining, and everyday conveniences, you get the best of both worlds— with town amenities close by. If you're looking for a full-time residence or a weekend getaway on the water, this one is definitely worth a look. Sign in yard.

Investor Tools

Property Icon
$259,471
Estimated Property Value
$188,522Estimated Mortgage Balance
$76,267Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,557 /month
Positive
Cash Flow Estimate:
$519 /month

Interested in this property?

George Brewer

Premier Legacy Real Estate LLC

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$114/month
$50/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$66
$259,471
2025
$15,000
$244,471
$259,471
No

Tax History

Year
Tax Paid
Assessed Value
2024
$66
$259,471

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$188,522
Yes
First
Dec 11, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,204
$76,267
29%
71%
$1,131/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Mabank

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...