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$1,786,000

NAL Estimated Property Value

15050 Lake Paula Drive, Willis, TX, 77318

$2,124,163 ARVInfo
Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,747 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$410.79 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Microwave, Gas Cooktop, Dishwasher, Cooktop

Exterior

Exterior FeaturesBoat Slip
Lot Size5 acres

Building Information

Year Built1993
Stories2
Roof Type105
Garage Spaces5

Land Information

APN6705-00-00700
Lot Number7
SubdivisionLake Paula Acres
Land UseResidential
Legal DescriptionLAKE PAULA ESTATES, LOT 7, ACRES 5.00
Census Tract694205
Assessment Year2025

About this property

Exceptionally rare 5-acre lakefront estate, set in a quiet 17-home community, offers 639 feet of shoreline with direct water access, a boathouse with lift, and a fully renovated 4,041 SF main home and 706SF guest house. LAKE VIEWS FROM EVERY ROOM. Drive in through the 240-ft driveway under the canopy lined with mature trees to experience a taste of the silence & peace enjoyed by the owner. The open layout includes vaulted ceilings, panoramic lake views, and a chef’s kitchen with Viking cooktop, quartz countertops, and new appliances. The main level features two bedrooms w/ensuite baths; upstairs offers a game room, wet bar, media room, office, two additional bedrooms, & full bath. Outdoors you will find a wraparound porch, spa, pergola, gazebo-covered kitchen, fire pit, and flagstone paths. The private guest house, 30x30 metal barn, covered RV parking, and game-fenced garden w/greenhouse complete this property. This is truly a family estate to be enjoyed by generations to come.

Investor Tools

Property Icon
$1,786,000
Estimated Property Value
$975,366Estimated Mortgage Balance
$810,634Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$2,124,163
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,700 /month
Positive
Cash Flow Estimate:
$3,900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,677/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,195
$1,171,280
2025
N/A
N/A
$1,417,125
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,195
$1,171,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pnc Bank Na
Credit Line (Revolving) / Heloc
$150,000
No
First
Jan 24, 2025
Feb 2065

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$975,366
$810,634
45%
55%
$5,893/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: Willis

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15050 Lake Paula Drive | Property Details | No Agent List