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$999,999

12424 Lake Forest Drive, Azle, TX, 76020

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size26,833 sqft

Land Information

APN23170--7
Land UseVacant Land Residential
Legal DescriptionLAKE FOREST ADDITION LOT 7
Census Tract114203
Assessed Land Value$268,320
Assessment Year2025

About this property

Welcome to this exceptional lakefront lot on Eagle Mountain Lake, featuring 205 feet of prime shoreline. The property comes fully equipped with water and electricity onsite, and a brand-new boat dock for easy access to the water. A convenient boat ramp is also included, making it simple to launch your boat or watercraft right from your own property. The 8-foot stone sea wall is in excellent condition, offering both durability and a beautiful, timeless look. Take in unobstructed views of the mid and upper portions of the lake, perfect for relaxing or entertaining guests. Located on the main lake channel, you’ll enjoy easy access to the water while maintaining a peaceful and private setting. A newly installed irrigation system ensures your landscaping remains vibrant and well-maintained. Ready to build, this lot offers the flexibility of a build-to-suit option, with construction plans, grading plans, and aerobic septic plans complete and available to help bring your vision to life. Plus, with the property located outside city limits, there are no HOA restrictions, giving you the freedom and privacy you desire. This is your chance to own a piece of paradise on Eagle Mountain Lake—don’t miss out! Lots 7 & 8 can be purchased together - reach out for pricing.

Investor Tools

Property Icon
$990,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,000 /month
Positive
Cash Flow Estimate:
$2,000 /month

Interested in this property?

Maddie Bedford

Compass RE Texas, LLC.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$781/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,425
$268,320
2025
$268,320
N/A
$268,320
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,425
$268,320

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of Central Tx
Unknown
$1,540,000
No
First
Jul 31, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,487,051
N/A
0%
150%
$9,234/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: Azle

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