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$1,064,000

NAL Estimated Property Value

15306 Bandera Falls Bnd, Cypress, TX, 77429

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths5,691 Sq Ft
price_per_sqft$219.65 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Gas Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Stone, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Kitchen, Balcony
Lot Size18,696 sqft

Building Information

Year Built2001
Garage Spaces5

Land Information

APN1205940020037
Lot Number37
SubdivisionRock Creek Par R/P
Land UseResidential
Legal DescriptionLT 37 BLK 2 ROCK CREEK SEC 1 PAR R/P
Census Tract554501
Assessed Land Value$251,381
Assessed Improvement Value$795,684
Assessment Year2025

About this property

Truly one of the BEST LAKE LOTS in Rock Creek! This stunning custom home sits on 3/4 of an acre w/water views from every angle of this well designed Frontier Custom Home! The patterned concrete & circular drive welcomes you with gas lamps & double glass wrought iron forged entry doors! The elevated foyer is impressive with stone flooring & a double winding staircase. From the 2 story formal living to the sunken wine grotto/wet bar you won't be disappointed. Top notch contemporary flair is evident throughout the home with to die for light fixtures and finishes! The kitchen is a chefs dream w/a subzero refrigerator, stainless double ovens, oversized island and stone accents! The owners retreat has upgraded wood flooring, fireplace & executive bath w/sitting area. There is an additional bedroom downstairs with updated en-suite bath! Upstairs features include a game room, media room and balcony overlooking the crystal pool with lake views! Roof 2021! 4 car garage!

Investor Tools

Property Icon
$1,064,000
Estimated Property Value
$581,105Estimated Mortgage Balance
$482,895Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,500 /month
Positive
Cash Flow Estimate:
$2,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,519/month
$1,900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,912
$1,047,065
2025
$251,381
$795,684
$1,047,065
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,912
$1,047,065

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$640,000
No
First
Jul 29, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$581,105
$513,895
46%
55%
$3,838/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,790/mo
$5,738/mo
$-2,948/mo
3.1%

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: Cypress

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15306 Bandera Falls Bnd | Property Details | No Agent List