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$500,000

140 Eastwood Drive, Milam, TX, 75959

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,104 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.08 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 5Bathrooms 5
AppliancesDishwasher, Dryer, Microwave, Refrigerator, Washer
FlooringCarpet, Tile

Exterior

Exterior FeaturesBoat Slip, Dock, Rain Gutters
Lot Size25,962 sqft

Building Information

Year Built1994
Garage Spaces2

Land Information

APNR000162321
Land UseResidential
Legal DescriptionACRES: 0.596 LOT: 13 SUBD: WATERWOOD ESTATES HOUSE WITH IMPROVEMENTS / BOAT DOCK
Census Tract950100
Assessed Land Value$52,150
Assessed Improvement Value$372,500
Assessment Year2025

About this property

Discover your ultimate lakeside retreat on the renowned Toledo Bend Reservoir, a world-class bass fishing haven where year-round angling adventures await. Reel in trophy largemouth bass exceeding 10 pounds, or enjoy robust action with catfish, crappie, and stripers right from your doorstep. This stunning 3,104 sq ft heated and cooled waterfront home sits on approximately 0.6 acres of prime Toledo Bend Lake frontage, offering panoramic lake views that captivate from every angle. Step inside to an open, inviting layout designed for comfort and entertainment. The home features four private bedrooms; the fourth bedroom is a spacious (23’x25’) area that could be used as a flex space. Each bedroom features its own en-suite bathroom for ultimate privacy. A convenient half bath is ideally positioned off the main living area and the grand deck, perfect for hosting gatherings. Custom cabinetry, sleek granite countertops, a built-in bar, and expansive windows frame breathtaking vistas of the lake, blending indoor luxury with outdoor serenity. Stay comfortable year-round with three-zone AC and heating, supported by two water heaters, a whole-house water filter, and upgraded plumbing where PVC has been replaced with durable PEX. Outside, the oversized 70’x16’ deck serves as your personal oasis for al fresco dining, relaxing, or soaking in those endless lake views. Water enthusiasts will love the private boathouse with two boat slips (one equipped with a lift), ample storage space that doubles as a hangout spot, a huge dock, and a pier ideal for fishing or launching water sports. High-speed internet ensures you stay connected, whether working remotely or streaming your favorite shows. Updates - bulkhead completed in 2018 and a roof replaced ~2020, peace of mind and low maintenance. This property is tailor-made for avid anglers, water sport lovers, or to create lifelong memories amid serene lakeside living with panoramic views.

Investor Tools

Property Icon
$535,000
Estimated Property Value
$0Estimated Mortgage Balance
$535,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,210 /month
Positive
Cash Flow Estimate:
$1,070 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$223/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$424,650
2025
$52,150
$372,500
$424,650
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$424,650

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$535,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Milam

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140 Eastwood Drive | Property Details | No Agent List