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$1,009,000

NAL Estimated Property Value

1309 Stillwater Cove Drive, Little Elm, TX, 75068

Off MarketInfo
Baths0 Bath
Baths3,430 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1.11 acres

Building Information

Year Built2022
Stories2
Roof Type105
Garage Spaces3

Land Information

APNR200967
Lot Number62
SubdivisionShell Beach
Land UseResidential
Legal DescriptionSHELL BEACH BLK A LOT 62
Census Tract020127
Assessed Land Value$332,715
Assessed Improvement Value$676,285
Assessment Year2025

About this property

RARE OPPORTUNITY to build your dream home on this 1.112 acre lake view lot in highly sought after Shell Beach subdivision. It is the only available lot in this small hidden gem neighborhood of only 88 homes with very reasonable HOA fees. . Walking distance to Cottonwood Creek Marina, Cottonwood Park and Little Elm Park and white sand beach. You will love being part of this small close knit neighborhood close to so many amenities.

Investor Tools

Property Icon
$1,009,000
Estimated Property Value
$676,990Estimated Mortgage Balance
$332,010Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,054 /month
Positive
Cash Flow Estimate:
$2,018 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,012/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,097
$1,009,000
2025
$332,715
$676,285
$1,009,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,097
$1,009,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$742,758
No
First
Sep 3, 2021
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$676,990
$332,010
32%
67%
$4,454/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$4,579/mo
$-1,709/mo
3.4%

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: Little Elm

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1309 Stillwater Cove Drive | Property Details | No Agent List