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$372,000

NAL Estimated Property Value

130 Sobrante RD 205, Morgans Point Resort, TX, 76513

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,185 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$295.36 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator, Washer/Dryer
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Private Entrance
Lot Size3,341 sqft

Building Information

Year Built2004
Stories1

Land Information

APN363933
SubdivisionD Compton Waters Edge Condos
Land UseResidential
Legal DescriptionA0210 D COMPTON WATERS EDGE CONDOS, (PT OF 3.682AC), UNIT 205, BLDG 2, ACRES .0767 (PT OF 3.682AC), UNIT 205, BLDG 2,
Census Tract020203
Assessed Land Value$22,251
Assessed Improvement Value$343,322
Assessment Year2025

About this property

Welcome to Serenity!! Envision waking up to this amazing panoramic view of Lake Belton, and retiring to your spacious owner suite after watching the spectacular Texas-famed sunset! This well-taken-care-of condo on the 2nd floor offers a well-laid-out floorplan, total privacy, and breath-taking views of the lake and surrounding hillside. This unit features almost 1200 square feet of well-utilized living space, showcasing a cook’s delight kitchen w/custom cabinets, granite counter tops, stainless steel appliances, and large built-in hutch. Dining area transitions to the living area while preserving the view. Spacious owner's suite also captures a wide screen view of the lake and boasts a nicely appointed bath complete with whirlpool tub and separate shower. Generously proportioned guest bedroom with wood laminate flooring, ceiling fan, ample closet space. The 3rd bedroom/study also has wood laminate flooring, ceiling fan, and a utility closet housing the washer and dryer. The hall bath also presents tile flooring & easy-care cultured marble tub surround. Amenities include covered parking areas, elevators, exercise room, kayak storage, cabanas, BBQs, and a beautiful tropical pool surrounded by lush landscaping and pergolas. This most exquisite setting also highlights views of wildlife frolicking on the front meadow or the bluff overlooking the lake, truly vacation style living!!

Investor Tools

Property Icon
$372,000
Estimated Property Value
$314,192Estimated Mortgage Balance
$57,808Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,232 /month
Positive
Cash Flow Estimate:
$744 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$791/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,633
$365,573
2025
$22,251
$343,322
$365,573
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,633
$365,573

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Central National Bank
Commercial
$327,500
No
First
Dec 26, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$314,192
$57,808
15%
84%
$1,964/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: Morgans Point Resort

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130 Sobrante RD 205 | Property Details | No Agent List