Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Days8Days on Market
Views2view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$1,100,000

1616 Mona Court, Tool, TX, 75143

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths3,235 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$340.03 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Tankless Water Heater
FlooringCeramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBoat Slip, Dock, Rain Gutters, Lighting

Building Information

Year Built1972
Roof Type105
Garage Spaces3

Land Information

APN3745-0000-K190-63
Lot Number2018,20
SubdivisionParadise Bay (2214)
Land UseResidential
Legal DescriptionLTS 2018 & 2019 AB 488 T S MITCHELL SUR, PARADISE BAY LTS 2018 & 2019, A/297
Census Tract950802
Assessed Land Value$295,313
Assessed Improvement Value$560,901
Assessment Year2025

About this property

Beautifully renovated waterfront home on Cedar Creek Lake, just an hour southeast of Dallas. Featuring 4 bedrooms and 4 full baths in 2733sf, this thoughtfully designed retreat includes a 502sf private guest suite separated from the main house by the attached 2-car garage. Perfect for weekend guests who need more privacy or multi-generational full-time lake living. Soaring vaulted ceilings with dramatic exposed beams, walls of windows, and an open-concept floor plan create an inviting atmosphere for entertaining. The chef's kitchen boasts an oversized island and abundant storage. Outdoors, enjoy a resort-style pool, spacious gathering areas, and a private boathouse with boat and Sea-Doo lifts. Whether as a weekend getaway or full-time residence, this home offers the best of relaxed Texas lake living. Upgrades include HVAC and roof in 2023, all new cabinets, added PWC lifts to boathouse, tankless water heater, added hot tub, spray foam insulation in attic, new fixtures throughout. Move-in ready to enjoy!

Investor Tools

$0Estimated Mortgage Balance
$869,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,600 /month
Positive
Cash Flow Estimate:
$2,200 /month

Interested in this property?

Robert Schrickel

Ebby Halliday, REALTORS

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,242/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,559
$720,000
2025
$295,313
$560,901
$856,214
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,559
$720,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$869,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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.

Explore Texas Explore This Area
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: Tool

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

1616 Mona Court | Property Details | No Agent List