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$1,690,000

140 Santa Monica Drive, Mabank, TX, 75156

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,020 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$420.4 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3.5Bathrooms 3.5
AppliancesRefrigerator, Trash Compactor, Built-In Refrigerator, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Ice Maker, Microwave, Double Oven, Vented Exhaust Fan, Washer
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesBoat Slip, Fire Pit, Rain Gutters

Building Information

Garage Spaces2

Land Information

APN4170-0000-0490-50
Lot Number49,50
SubdivisionSpanish Shores (171)
Land UseResidential
Legal DescriptionLTS 49 & 50 AB 191 K H DOUGLAS SUR, SPANISH SHORES LTS 49 & 50
Census Tract950601
Assessed Land Value$495,000
Assessed Improvement Value$1,252,092
Assessment Year2025

About this property

WATERFRONT!LAKEFRONT! Take me to the lake! Beautiful ranch style home on the lake in gated Spanish Shores at the end of a culdesac with circle drive is waiting for you to call home. This home sits right on Cedar Creek lake with amazing views of the water and surrounding nature. If you love fishing, water sports, sunrise and sunsets, you will fall in love with this home. 4 bedroom home with 2 master suites & bunk room, with plenty of space for all to enjoy! Wonderful views of the water from all rooms in the home. Kitchen opens up to den area with fireplace and walls of windows in the main living area, allows breathtaking views of the water and back yard with mature trees and landscaping. Expansive deck on the back of the home is the perfect spot for sitting to have your morning coffee, hosting BBQ's, or having a sunset nightcap. The boat dock has space for 2 boats to dock and jet ski lift. Exceptional water depth at boat dock! Bring the whole family to enjoy this wonderful lake home.

Investor Tools

Property Icon
$1,747,092
Estimated Property Value
$0Estimated Mortgage Balance
$1,747,092Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,483 /month
Positive
Cash Flow Estimate:
$3,494 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,344/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,393
$1,747,092
2025
$495,000
$1,252,092
$1,747,092
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,393
$1,747,092

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,747,092
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: Mabank

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140 Santa Monica Drive | Property Details | No Agent List