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$685,000

16551 Spring Lake Dr, Canyon, TX, 79015

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,609 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$262.55 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 3Bathrooms Half 3
AppliancesDisposal, Double Oven, Cooktop, Dishwasher, Microwave, Gas Water Heater

Exterior

Private PoolPrivate Pool
Lot Size1.23 acres

Building Information

Garage Spaces3

Land Information

APNR-073-1966-1950
Lot Number38
SubdivisionSpring Lake # 1 Amd
Land UseResidential
Legal DescriptionSPRING LAKE # 1 AMD, LOT 038, BLK 0001, 1.2300 ACRES
Census Tract021707
Assessed Land Value$17,500
Assessed Improvement Value$3,578
Assessment Year2025

About this property

Welcome to this exceptional new-construction home tucked inside one of the area's most sought-after private neighborhoods. Located just outside Canyon city limits, in Spring Lake, this property offers the perfect blend of peaceful living and modern convenience. Enjoy exclusive access to the neighborhood's private lake, providing a serene backdrop and true retreat right at home. This beautifully designed residence features 4 spacious bedrooms, 3 full bathrooms, a designated office space and a 3-car garage delivering comfort, functionality and style throughout. The one acre property also includes a Quonset barn- fully spray foamed and equipped with electricity- ideal for immediate use as a shop/storage or future expansion.

Investor Tools

Property Icon
$678,000
Estimated Property Value
$0Estimated Mortgage Balance
$678,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,110 /month
Positive
Cash Flow Estimate:
$1,370 /month

Interested in this property?

Chelsea Phemister

Palo Duro Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$323/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$484
$21,078
2025
$17,500
$3,578
$21,078
No

Tax History

Year
Tax Paid
Assessed Value
2018
$484
$21,078

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$678,000
100%
0%
$0/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.

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: Canyon

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16551 Spring Lake Dr | Property Details | No Agent List