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$868,000

NAL Estimated Property Value

2 Edgewater Drive, Amarillo, TX, 79106

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths4,365 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$211.91 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Disposal, Washer/Dryer, Double Oven, Cooktop, Dishwasher, Microwave, Refrigerator, Ice Maker, Wine Refrigerator, Gas Cooktop, Gas Water Heater

Exterior

Exterior FeaturesCourtyard
Lot Size6,098 sqft

Building Information

Year Built1998
Stories2
Roof Type112
Garage Spaces2

Land Information

APNR-078-1700-2800
SubdivisionTealwood Lakes # 1
Land UseResidential
Legal DescriptionTEALWOOD LAKES # 1, N 2FT OF 57 & ALL OF 56 AKA N 2FT OF 57A & ALL OF 56A IN UNIT # 3, 0.1400 ACRES
Census Tract013200
Assessed Land Value$75,000
Assessed Improvement Value$728,970
Assessment Year2025

About this property

NEW PRICE ON THIS AMAZING HOME IN TEALWOOD LAKES, and the perfect time to experience this gated, secure community, and lake views! Every day will feel like a vacation once you enter Tealwood! Natural light fills this stunning, soft contemporary 3-bedroom, 4-bath home situated on the beautiful lakes of Tealwood. Architected and specially crafted for timeless beauty, the home features a unique and custom design. The entrance is a welcoming circle that opens to a spacious, perfect rectangular dining room, two stories high, with easy access to the kitchen and a lovely courtyard. Two main living areas are positioned perfectly to enjoy the lake views, each room designed with a fireplace and each opening to a private patio for relaxing and entertaining. The many amenities in the home include: Incredible kitchen with beech wood cabinets, honed granite, storage galore, appliance storage, two sinks, a bar area, two freezer drawers, and a large kitchen island. The primary retreat features a fireplace, a luxury bath with a soaking tub, a walk-in shower, and his/her closets. The primary and the other two bedrooms have access to the library/office. Relax in the protected screened-in porch, perfect for napping or reading while enjoying a view of the lake The exterior of home is stucco The same stone is used throughout the home rough cut, some slab cut 1/4 inch reveal at the baseboards Beech wood veneer used throughout the home Home is built on pier and beam (except for entry)- easy walk-in access Custom made doors (with 3 point locking system) and casement windows-some have screens Artificial turf in courtyard Rumford style fireplaces 2 50 gal. hot water heaters Surround sound system is a Heos system operated thru cell phone Recently added leaf protectors over gutters on home New wrought iron gates on either side of patio Architect for the home - Paul Lamb of Austin, TX Entry - designed as a perfect circle; large closet originally designed for an elevator. Guest Bath - Princess yellow limestone countertop; Italian tiles Dining room - perfect or golden rectangle; 2 story with great natural light; opens to kitchen and living room; doors to protected courtyard. Dining table available for purchase. Ceiling over dining room is beech wood. Transom windows Living room - perfect square; natural stone on the fireplace; Rumford style fireplace; gas logs; electric shades over the windows; many windows do open;maple hardwood floors; recessed lighting Den - Rumford style fireplace; opens to private patio and to kitchen; maple hardwood floors; Kitchen - Custom pocket doors with frosted glass; Beechwood veneer on cabinets; built in desk area; newer 6 burner gas cook-top and vent; bar sink; 2 ovens; warming drawer; disposer; dishwasher; 2 new freezer drawers; Subzero fridge; ice maker; bar fridge; under counter lights and recessed plugs; Kitchen stools available for purchase. new white quartz kitchen counter tops Utility - Miele clothes washer and dryer; under-counter lights and plug strips; pantry and storage; sink; door to side yard; Upstairs Library - book shelves and built-in table desk; when one is seated, the view of the lake is like viewing an infinity pool. Master bedroom - private retreat; windows open for natural air; TV behind cabinet; gas logs in fireplace; Master bathroom - walk-in shower; soaking tub; 2 sink areas; great storage; stone counters (princess yellow limestone) great lighting; transomes stay open Master closets - excellent hanging and drawer space door to attic storage. Office/Den - 2 closets (one for possible elevator), bookshelves; lots of lights, with open views and great natural light. Bedroom 2 - Private 3/4 bath; new carpet Bedroom 3 - Private full bath; new carpet All carpet upstairs is new except in the primary bedroom.

Investor Tools

Property Icon
$868,000
Estimated Property Value
$0Estimated Mortgage Balance
$868,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,550 /month
Positive
Cash Flow Estimate:
$1,850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,661/month
$430/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,587
$803,970
2025
$75,000
$728,970
$803,970
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,587
$803,970

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$868,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,322/mo
$430/mo
+$892/mo
1.8%

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: Amarillo

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2 Edgewater Drive | Property Details | No Agent List