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$694,290

1221 Comanche Cove Dr, Granbury, TX, 76048

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,798 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$431.03 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Lighting, Other

Building Information

Year Built1985
Stories2
Garage Spaces3

Land Information

APN11401.003.0011.0
Lot Number11
SubdivisionComanche Cove
Land UseResidential
Legal DescriptionLOT: 11 BLK: 3 SUBD: COMANCHE COVE SEC A (CH)
Census Tract160211
Assessed Land Value$250,000
Assessed Improvement Value$444,290
Assessment Year2025

About this property

Check out this walk out water beautifully updated & remodeled home on a huge cove in a nice subdivision. This cove is well known for its underground springs that allow cool swims on a hot summer day and very little boat traffic. This well appointed lake house includes new upgrades like granite counters, custom tile, new flooring, fresh paint and much more. Most all furniture (most from Pottery Barn), artwork, electronics and appliances will convey with purchase. Spacious bedrooms each have their own updated bathroom, picturesque windows that let in light all around, a huge back deck, oversized lot, updated boat dock with Jet Ski slip, all on a private cove that is ready for swimming and fishing makes this the perfect vacation home or main living. This property also includes a guest house with a custom en suite bathroom for your guests, friends and family. Not many lake houses have as much lakey feel as this one!

Investor Tools

Property Icon
$694,290
Estimated Property Value
$643,500Estimated Mortgage Balance
$82,044Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,650 /month
Positive
Cash Flow Estimate:
$1,550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$983/month
$105/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,326
$694,290
2025
$250,000
$444,290
$694,290
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,326
$694,290

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Bank Central Texas
Open End Mortgage / Open End With Future Advance Clause
$643,500
No
First
Sep 1, 2023
Sep 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$612,246
$82,044
11%
88%
$3,859/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.

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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: Granbury

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1221 Comanche Cove Dr | Property Details | No Agent List