6view

Owner Contacts

$781,297

NAL Estimated Property Value

12531 Pegasus Dr, Willis, TX, 77318

Off Market

4 Beds

3 Bath

2,402 Sq Ft

$236.89 / sqft

Built in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Microwave, Gas Cooktop, Trash Compactor, Electric Oven

FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesBoat Slip

Lot Size11,016 sqft

Building Information

Year Built1994

Stories1

Roof Type105

Garage Spaces3

Land Information

APN8090-03-03700

Lot Number12

SubdivisionPoint Aquarius 03

Land UseResidential

Legal DescriptionPOINT AQUARIUS 03, BLOCK 2, LOT 12

Census Tract694210

Assessed Land Value$236,293

Assessed Improvement Value$612,541

Assessment Year2025

About this property

STUNNING sunset views at this WIDE OPEN waterfront home on Lake Conroe! FEEL LIKE YOU ARE ON VACATION EVERY DAY! Wake up and enjoy a nice breakfast overlooking the water views from the upper deck of your 75k boathouse. As you finish up you can head down below and jump in your boat from your own slip ready for 16,000 pound boat, and up to a possible 32' boat. There are 2 jet ski lifts as well. When you come off the lake this home has the community park/pool next door so you can jump in the pool with ease and not have to worry about maintaining it or paying for one! Inside this home is beautiful and very well maintained. UPDATES include NEW AC, NEW roof, NEW bulkhead repairs, NEW bathrooms (master, guest), NEW kitchen remodel 2015, NEW garage doors/floor, NEW flooring, NEW hot water heater, and more! Ask for list. There are 2 living areas, and this 4/3/3 gives you all the space you need. AMAZING views from living rooms and master! You'll love it so come get it!

Investor Tools

$781,297

Estimated Property Value

$381,161Estimated Mortgage Balance

$400,136Estimated Equity

51% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,688 /month

Positive

Cash Flow Estimate:

$1,563 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,377/month

$970/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$12,615

$781,297

2025

$236,293

$612,541

$848,834

Tax History

Year

Tax Paid

Assessed Value

2024

$12,615

$781,297

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cherry Creek Mortgage Co Inc

Conventional

$440,000

First

Aug 14, 2019

Sep 2049

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$381,161

$400,136

51%

49%

$2,639/mo

Learn About the Market: Opportunity in Texas

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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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