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$489,900

138 Dana Point Road, Lorena, TX, 76655

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,260 Sq Ft
price_per_sqft$216.77 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesElectric Range, Range Hood, Water Heater, Some Electric Appliances
FlooringLuxury Vinyl Plank

Exterior

Exterior FeaturesNone
Lot Size21,780 sqft

Building Information

Garage Spaces2

Land Information

APN303831110012000
Lot Number12
SubdivisionPilgrim Ridge
Land UseResidential
Legal DescriptionPILGRIM RIDGE LOT 12 ACRES .5
Census Tract003801
Assessed Land Value$21,000
Assessment Year2025

About this property

Experience elevated living in this stunning new construction by Lackmeyer Homes, where thoughtful design, current market trends, and everyday functionality come together seamlessly. Situated on a spacious half-acre lot in the Pilgrim Ridge subdivision, this 4-bedroom, 2.5-bath home offers luxury finishes, modern conveniences, and the peaceful lifestyle you've been searching for. Designed with entertaining and living in mind, the open-concept floor plan welcomes you with soaring ceilings, abundant natural light, and a striking floor-to-ceiling brick fireplace that anchors the spacious living room. The kitchen features custom cabinetry, quartz countertops, a large center island, built-in appliances, modern lighting, and a custom wood vent hood that creates a warm, upscale aesthetic. The private primary suite offers a relaxing retreat, while three additional bedrooms provide ample space for family, guests, or a home office. Every detail throughout the home reflects quality craftsmanship and timeless design. One of the home's standout features is the oversized pull-through garage, complete with a rear roll-up door providing convenient access to the backyard—perfect for storing lawn equipment, recreational vehicles, trailers, entertaining, or creating additional functional outdoor space. Located in highly sought-after Lorena ISD, Pilgrim Ridge offers the charm of small-town living without sacrificing accessibility. Enjoy the tranquility of a welcoming neighborhood with no HOA, while remaining just minutes from Waco, shopping, dining, and major commuter routes. Make sure you check schedule your private shhowing today!

Investor Tools

$330,598Estimated Mortgage Balance
$184,402Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,090 /month
Positive
Cash Flow Estimate:
$1,030 /month

Interested in this property?

Debanhi Jobe

Texas Luxury and Land

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$239/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$288
$21,000
2025
$21,000
N/A
$21,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$288
$21,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Bank Central Texas
Building Or Construction Loan
$335,000
No
First
Sep 3, 2025
Mar 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$330,598
$184,402
35%
64%
$2,009/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: Lorena

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138 Dana Point Road | Property Details | No Agent List