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A+
NoAgentList RatingHow are grades calculated? Info
Days160Days on Market
Views1view
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$699,500

$716,500

189 Driftwood Drive, City By The Sea, TX, 78336

$900,227 ARVInfo
On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths2,172 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$322.05 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2

Exterior

Lot Size5,998 sqft

Building Information

Year Built1969

Land Information

APN1053-000-135-000
Lot Number135
Land UseResidential
Legal DescriptionCITY BY THE SEA UNIT 3, LOT 135
Census Tract950503
Assessed Land Value$204,000
Assessed Improvement Value$253,790
Assessment Year2025

About this property

Welcome to your serene canal-front retreat nestled in one of the area's most desirable neighborhoods. This 3-bedroom, 2-bathroom home offers the perfect blend of comfort, functionality, and coastal charm. Step inside to find two spacious living areas. The kitchen and main living areas boast water views. The primary suite is a true sanctuary, featuring direct access to a private courtyard, which has been newly redone. Each of the additional bedrooms offers comfort and privacy for family or visitors. PLUMBING has been recently updated in a large portion of the house! Boating and fishing enthusiasts will love the updated bulkhead, fish cleaning station, and convenient water access right from your backyard. Enjoy additional storage space under the deck for all your gear and tools, keeping everything organized and within reach. Mostly furnished, this home is ready for you to move in and start enjoying waterfront living immediately.

Investor Tools

Property Icon
$709,000
Estimated Property Value
$0Estimated Mortgage Balance
$609,322Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$900,226
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,254 /month
Positive
Cash Flow Estimate:
$1,418 /month

Interested in this property?

Dallas Franklin

RE/MAX Land & Homes on the Bay

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$744/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,384
$457,790
2025
$204,000
$253,790
$457,790
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,384
$457,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United States Of America
Sba Participation Trust Deed
$119,900
No
First
Apr 26, 2018
Apr 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$99,678
$609,322
85%
14%
$719/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,647/mo
$919/mo
+$728/mo
2.8%

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: City By The Sea

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189 Driftwood Drive | Property Details | No Agent List