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B+
NoAgentList RatingHow are grades calculated? Info

$501,000

15781 Cedar Bay Dr, Bullard, TX, 75757

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,406 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$373.4 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Microwave, Electric Water Heater
FlooringHardwood, Tile

Exterior

Exterior FeaturesBoat Slip
Lot Size12,545 sqft

Building Information

Year Built1980
Roof Type105
Garage Spaces2

Land Information

APN1-80110-0003-00-005000
Lot Number5
SubdivisionCedar Bay
Land UseResidential
Legal DescriptionCEDAR BAY LOT 5
Census Tract001912
Assessed Land Value$85,568
Assessed Improvement Value$249,390
Assessment Year2025

About this property

Lakefront Paradise on Lake Palestine – Remodeled Home with Guest Quarters & Workshop. Welcome to this beautifully remodeled waterfront home on the serene shores of Lake Palestine. This property offers a rare combination of comfort, functionality, and scenic beauty—perfect for full-time living, weekend escapes, or investment potential. The main home features 3 bedrooms and 2 full bathrooms, all thoughtfully updated with modern finishes. Inside, the open layout is warm and inviting, with a remodeled kitchen, updated flooring, and spacious living area designed for both relaxation and entertaining. Step outside to enjoy a large, partially covered patio that offers stunning lake views—ideal for morning coffee, outdoor dining, or watching the sunset over the water. Down by the water, the private boathouse includes two boat lifts and built-in storage space, making lake life easy and accessible. Adding exceptional value to this property is a 12x24 detached guest suite, complete with a full kitchen, bathroom, living area, and a separate bedroom—perfect for visitors, multi-generational living, or potential rental income. A second 12x24 cooled workshop offers a dedicated space for hobbies, storage, or projects, making this home as functional as it is beautiful. Located in a quiet, well-kept neighborhood with no HOA, this one-of-a-kind waterfront retreat on Lake Palestine is move-in ready and waiting for new memories to be made.

Investor Tools

Property Icon
$501,000
Estimated Property Value
$408,000Estimated Mortgage Balance
$96,646Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$533/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,887
$334,958
2025
$85,568
$249,390
$334,958
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,887
$334,958

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$408,000
No
First
Aug 1, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$404,354
$96,646
19%
81%
$2,478/mo

Learn About the Market: Opportunity in Texas

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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.

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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: Bullard

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15781 Cedar Bay Dr | Property Details | No Agent List