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$1,199,000

1957 Deer Trail Road, Possum Kingdom Lake, TX, 76449

Under ContractInfo
Beds4 Beds
Baths2 Bath
Baths1,764 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$679.71 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
FlooringCarpet, Laminate

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Lighting, Outdoor Grill, RV Hookup
Lot Size1.18 acres

Building Information

Year Built1960
Garage Spaces1

Land Information

APN182720000
Lot NumberE-5
SubdivisionPk Lake 3-1-94 Area 1-6
Land UseResidential
Legal DescriptionPK LAKE 3-1-94 AREA 1-6 LOT E-5 (FEE SIMPLE 1.106 AC & FERC .077 AC) G#P0500-00-01060-00E-05-0
Census Tract000100
Assessed Land Value$655,520
Assessed Improvement Value$197,100
Assessment Year2025

About this property

PRIME PK PENINSULA LOCATION, with a 4Bd, 2Ba BEAUTIFUL FURNISHED LAKE HOME on 1.18 WATERFRONT ACRES with PANORAMIC LAKE VIEWS, and Excellent OVERNIGHT RENTAL History. This Open Concept, Light and Bright Home Features Big Picture Windows to maximize the Lake and Park Like Views to the water, and the Spectacular PK Sunsets and Sunrises, and has a natural flow from the Living Room to the Covered Outdoor Patio for Relaxing, Grilling & Dining Out, Savoring the Serenity, Peace & Beauty of the Lake, and enjoying the Fire Pit for smores, under the Starry Tx Skies. Plus there are Lots of Mature Trees, Cottonwood, Pine, Pecan, Willow and Live Oak for Shade, and a Large, Level, Lush St Augustine Grassy Yard Lakeside for Yard games and room to Entertain all your Family & Friends, with Easy Access to the Lake & Sandy Beach. This area is known for its friendly Deer, and its Crystal Clear Blue Water with Fantastic Fishing, Swimming & Lake Fun. The Lot is allowed to either have a Swim or Boat Dock, up to 2000 sqft, and you can find great deals on used Docks in the area or order the Dock of your Dreams from many local Dock Builders. Also there is a 40x30 RV Carport with Electric Hookup for extra guests and family, and an attached garage for extra Storage and Water Toys. This Wonderful Lake House is also Centrally Located minutes away from the Best Amenities, Shopping and Dining at PK, and also to the Hiking & Biking Trails throughout the Peninsula with Stunning Lake Views. Overnight Rental History available upon request. Don't miss seeing this Perfect Piece of PK Paradise.

Investor Tools

$618,609Estimated Mortgage Balance
$463,391Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,194 /month
Positive
Cash Flow Estimate:
$2,398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,491/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,479
$852,620
2025
$655,520
$197,100
$852,620
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,479
$852,620

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid-American Mortgage Inc
Conventional
$680,000
No
First
Aug 23, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$618,609
$463,391
42%
57%
$4,077/mo

Learn About the Market: Opportunity in Texas

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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: Possum Kingdom Lake

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