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$515,000

186 Harbor Drive, Gun Barrel City, TX, 75156

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,536 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$335.29 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 5Bathrooms Full 5
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Tankless Water Heater
FlooringLaminate, Tile

Exterior

Exterior FeaturesRain Gutters, Private Entrance

Building Information

Year Built1970
Roof Type105

Land Information

APN3385-0000-1250-53
Lot Number123-126
SubdivisionLoon Bay (1060)
Land UseResidential
Legal Description125R AB 742 J SMITH SUR, LOON BAY LT 125R (RE: LTS 123,124,125 & PT OF LT 126)(123-R) REPLAT G/162
Census Tract950604
Assessed Land Value$337,500
Assessed Improvement Value$243,282
Assessment Year2025

About this property

Beautifully tucked beneath mature trees on a lushly landscaped .54-acre lot in a protected cove, this thoughtfully reimagined lake house feels like the ultimate escape from city living. Equal parts cozy cabin retreat and elevated lakeside getaway, the home offers tranquil waterfront views, abundant privacy, and a true lock-and-leave lifestyle. Improvements include all new electrical, plumbing, tankless hwh, and more! Inside, natural light glimmers throughout the space, filtering through greenery and reflecting off warm finishes that make the home feel both airy and inviting. The first floor features two generously sized bedrooms, a full bath, laundry room, and ample storage—designed with comfort and functionality in mind. Upstairs, vaulted ceilings with exposed wood beams create a warm, relaxed atmosphere in the open-concept living space. Ideal for entertaining, the second floor seamlessly blends living, dining, and kitchen areas while framing peaceful views of the water and surrounding trees. The updated kitchen is equal parts stylish and functional, thoughtfully designed for gathering with ease. Lovingly updated, the home features an impressive list of improvements including updated windows, new flooring throughout, renovated kitchen and baths, a widened staircase, all new exterior siding, fresh interior and exterior paint, updated landscaping, new flatwork and concrete walkways, tankless water heater, HVAC, plumbing, electrical, and much more. Outside, the expansive lot continues to impress with a covered balcony, covered patio, boathouse, workshop with electricity, two-car carport, mature trees, and beautifully maintained grounds that invite long weekends spent outdoors. Located in Loon Bay, residents enjoy access to two neighborhood parks and a boat launch, while Cedar Creek’s shops, restaurants, and lake amenities are just moments away. Relaxed, refined, and designed for easy lakeside living—186 Harbor Drive is the kind of place you’ll never want to leave.

Investor Tools

$0Estimated Mortgage Balance
$556,613Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,340 /month
Positive
Cash Flow Estimate:
$1,113 /month

Interested in this property?

Thani Burke

Compass RE Texas, LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$401/month
$135/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,031
$556,613
2025
$337,500
$243,282
$580,782
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,031
$556,613

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$556,613
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: Gun Barrel City

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186 Harbor Drive | Property Details | No Agent List