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$699,000

15460 Mcelroy Rd, Whitehouse, TX, 75791

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths2,342 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$298.46 / sqft
Year BuiltBuilt in 1994

About this property

Nestled beneath a canopy of majestic hardwoods on the shores of beautiful Lake Tyler, this classic cedar shake lake home offers timeless character and the peaceful lifestyle that makes waterfront living so special. Situated on a beautiful .93-acre lot, this home was built in 1994 and features 2,342 square feet with three bedrooms, two full bathrooms, and a versatile flex room perfect for a home office, study, exercise room, or hobby space. Comfortable living spaces provide a wonderful opportunity to enjoy the home as it is or update it to reflect your own style and vision. The expansive backyard gently slopes toward the water, offering an ideal setting for boating, fishing, kayaking, or simply unwinding at the lake. Surrounded by mature hardwoods and lush green space, the property offers privacy, natural beauty, and a setting that truly captures the charm of Lake Tyler. Whether you’re looking for a full-time residence, a weekend retreat, or a lake home to make your own, this property offers endless possibilities in one of Lake Tyler’s most desirable waterfront locations. Conveniently located just minutes from Tyler’s shopping, dining, and medical district, this is a wonderful opportunity to enjoy the beauty and tranquility of East Texas lake

Investor Tools

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$665,000
Estimated Property Value
$0Estimated Mortgage Balance
$665,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,194 /month
Positive
Cash Flow Estimate:
$1,398 /month

Interested in this property?

Shauna Bright

Dwell Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$826/month
No HOA
5.947%

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: Whitehouse

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15460 Mcelroy Rd | Property Details | No Agent List