Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours

$345,216

NAL Estimated Property Value

1405 Wavelet Dr, Pelican Bay, TX, 76020

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,775 Sq Ft
price_per_sqft$168.96 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size6,399 sqft

Building Information

Year Built2021
Garage Spaces2

Land Information

APN23333-4-2
Lot Number2
SubdivisionLakeview Ests - Pelican Bay
Land UseResidential
Legal DescriptionLAKEVIEW ESTS - PELICAN BAY BLOCK 4 LOT 2
Census Tract114203
Assessed Land Value$60,000
Assessed Improvement Value$285,216
Assessment Year2025

About this property

3.25% ASSUMABLE LOAN!!! Up to $5,000 towards closing costs with preferred lender. This charming residence boasts 3 spacious bedrooms and 2 full bathrooms, offering ample space for comfortable living. The heart of this home is the oversized main living space, perfect for entertaining guests or enjoying cozy family nights. The open-concept design seamlessly connects the living room to the dining area and kitchen, creating an inviting atmosphere filled with natural light. You'll love the convenience of the large laundry room, making household chores a breeze. Outdoors you will find a generous backyard, ideal for gardening, play, or simply unwinding. Imagine summer barbecues on the covered back porch, shaded from the sun and perfect for rain or shine gatherings. Located in a friendly neighborhood, this home is close to schools, parks, and shopping centers, providing the perfect blend of tranquility and accessibility.

Investor Tools

Property Icon
$345,216
Estimated Property Value
$292,677Estimated Mortgage Balance
$52,539Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,071 /month
Positive
Cash Flow Estimate:
$690 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$670/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,315
$345,216
2025
$60,000
$285,216
$345,216
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,315
$345,216

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$300,700
No
First
Nov 6, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$292,677
$52,539
15%
85%
$1,803/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Pelican Bay

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...