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$767,500

12858 Pelican Island Drive, Willis, TX, 77318

$773,708 ARVInfo
On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,614 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$293.61 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Electric Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBoat Slip
Lot Size4,299 sqft

Building Information

Year Built1995
Stories2
Roof Type105
Garage Spaces2

Land Information

APN7851-00-00300
Lot Number3
SubdivisionPelican Island
Land UseResidential
Legal DescriptionS785100 - PELICAN ISLAND, BLOCK 1, LOT 3
Census Tract694210
Assessed Land Value$55,887
Assessed Improvement Value$643,550
Assessment Year2025

About this property

Experience luxury lakefront living at its finest in the exclusive gated community of Pelican Bay. This stunning single-family residence offers 3 bedrooms, 3 bathrooms, and 2,614 square feet of thoughtfully designed open-concept living space. Enjoy breathtaking lake views from the main living area, complete with a cozy fireplace and abundant natural light. The chef-inspired kitchen features stainless steel appliances, generous counter space, and seamless flow for entertaining. The primary suite provides a serene private retreat, while the main level also includes an additional bedroom and a versatile study that can serve as a fourth bedroom. Upstairs, a spacious secondary living area with a built-in bar, private bedroom, and full bath creates the perfect guest suite or in-law retreat. Complete with a boat slip and ski boat cover, this home is ideal for those seeking an elevated waterfront lifestyle.

Investor Tools

$581,777Estimated Mortgage Balance
$178,223Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$773,707
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,605 /month
Positive
Cash Flow Estimate:
$1,535 /month

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Lorie Witherspoon

Century 21 Lucky Money

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,629/month
$950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,752
$699,437
2025
$55,887
$643,550
$699,437
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,752
$699,437

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jefferson Bank
Conventional
$604,000
No
First
Aug 8, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$581,777
$178,223
23%
77%
$3,622/mo

City: Willis

12858 Pelican Island Drive | Property Details | No Agent List