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$1,299,900

$1,329,900

132 The Lakes Dr, Aledo, TX, 76008

On MarketInfo
Price DropInfo
Beds4 Beds
Baths5 Bath
Baths4,753 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$273.49 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 5Bathrooms Half 5
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Double Oven, Vented Exhaust Fan, Wine Cooler
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Outdoor Grill
Lot Size1.90 acres

Building Information

Year Built2008
Stories2
Garage Spaces4

Land Information

APN14385-001-017-00
Lot Number17
SubdivisionThe Lakes Of Aledo
Land UseResidential
Legal DescriptionACRES: 1.900 LOT: 17 SUBD: THE LAKES OF ALEDO
Census Tract140709
Assessed Land Value$152,000
Assessed Improvement Value$987,892
Assessment Year2025

About this property

Positioned on arguably the premier lot in The Lakes of Aledo, this exceptional 2-acre lakefront estate overlooks the community's largest lake and offers breathtaking water views from throughout the home. Thoughtfully remodeled by Sean Knight, the property combines timeless architecture, quality craftsmanship, and modern conveniences in one of Aledo's most sought-after gated communities. A grand circle drive, Bellagio cast stone accents, tiled front porch, manicured landscaping, gated entry, full perimeter fencing, and a recently installed Category 4 hail-resistant roof create a striking first impression. Inside, soaring ceilings, groin and barrel ceiling details, exposed beams, extensive crown molding, travertine flooring, hand-scraped hardwoods, custom built-ins, plantation shutters, and multiple fireplaces showcase the home's enduring quality. The gourmet kitchen features granite countertops, double convection ovens, a propane WiFi-enabled range and AI dishwasher. The private owner's retreat offers serene lake views, automatic blinds, custom closets, a jetted soaking tub, and an oversized walk-through shower. Additional features include three high-efficiency HVAC systems with six-zone climate control, fiber internet, whole-home security and camera systems, integrated speakers, dual WiFi-enabled water heaters, walk-in attic access, smart-home features, and a climate-controlled garage with workshop space. Outdoor living is equally impressive with a covered porch fireplace, upper lanai, built-in grill, firepit, stone retaining walls, and direct access to the stocked lake. Lake-fed irrigation helps maintain the beautiful grounds while reducing water costs. A rare opportunity to own a true lakefront legacy property where irreplaceable views, timeless design, and exceptional craftsmanship come together.

Investor Tools

$674,617Estimated Mortgage Balance
$465,275Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,799 /month
Positive
Cash Flow Estimate:
$2,600 /month

Interested in this property?

Amber Sustala

Briggs Freeman Sotheby's Int'l

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,862/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$1,139,892
2025
$152,000
$987,892
$1,139,892
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$1,139,892

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerisave Mortgage Corp
Conventional
$703,191
No
First
Apr 18, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$674,617
$465,275
40%
59%
$4,216/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: Aledo

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132 The Lakes Dr | Property Details | No Agent List