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$503,000

NAL Estimated Property Value

1500 Ranch Road 1431, Unit 203, Kingsland, TX, 78639

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths884 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$537.33 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Building Information

Stories1
Roof Type112
Garage Spaces1

Land Information

APN69723
SubdivisionKingsland Terrace Condo
Land UseResidential
Legal DescriptionKINGSLAND TERRACE CONDO UNIT 203
Census Tract970501
Assessed Improvement Value$475,770
Assessment Year2025

About this property

Looking for a true 'lock and leave' property on Lake LBJ? This is it! This 2 bedroom, 1 bath condo WITH DEEDED BOAT SLIP has been completely remodeled and is ready for Lake LBJ fun. This condo includes a boat slip, 2 covered parking spots, and 1 jet ski spot; the complex also has a large parking area for overflow vehicles. The boat slip has heavy-duty double cables and a large motor for lifting heavy boats. Kingsland Terrace is a small condominium complex (only 10 units) with a friendly neighborhood atmosphere, and is perfectly located in the heart of Kingsland near HEB and great restaurants and bars! The community has 350' of Lake LBJ frontage, beautiful common area with shade, lush lawn, on-site washers and dryers, and a large lakeside deck for property owners. Short term rentals ARE allowed in this condo complex, making this a great investment property! Neighboring Unit Also Available!

Investor Tools

Property Icon
$503,000
Estimated Property Value
$287,349Estimated Mortgage Balance
$215,651Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,018 /month
Positive
Cash Flow Estimate:
$1,006 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$359/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,791
$426,298
2025
N/A
$475,770
$475,770
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,791
$426,298

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Clearedge Lending Llc
Conventional
$292,500
No
First
Apr 10, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$287,349
$215,651
42%
57%
$1,754/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: Kingsland

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1500 Ranch Road 1431, Unit 203 | Property Details | No Agent List