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B+
NoAgentList RatingHow are grades calculated? Info

$2,400,000

20 Shady Bend Dr, Melissa, TX, 75454

Off MarketInfo
Beds6 Beds
Baths8 Bath
Baths8,054 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$297.99 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 7.5Bathrooms Full 7.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker, Microwave, Double Oven, Warming Drawer
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Basketball Court, Courtyard, Gas Grill, Rain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen, Private Yard, Storage
Lot Size2.69 acres

Building Information

Year Built1999
Stories2
Garage Spaces8

Land Information

APNR-3597-000-0100-1
Lot Number10,11
SubdivisionWoods Of Country Ridge Phase I (Cml)
Land UseResidential
Legal DescriptionWOODS OF COUNTRY RIDGE PHASE I (CML), LOT 10 & 11
Census Tract030206
Assessed Land Value$581,400
Assessed Improvement Value$2,278,600
Assessment Year2025

About this property

Incredibly rare masterfully designed estate on 2.69 manicured & wooded acres, situated in a remote gated community. Unparalleled resort-style living begins in the backyard inspired from traveling around the world & constructed on the idea if you can’t go away on vacation why not bring the vacation to you. From the sparkling swimming pool, streams, 13-ft tall waterfall, Palm trees, Koi Pond & tiki huts you have a serene staycation globetrotters paradise. Upgraded architecture abounds & have been chosen for optimal light & luxurious comfort with entertaining in mind. This home flows seamlessly to ensure gatherings are memorable. Features include: a home theatre built by Cinemark, bar & billiard room complete with a professionally-lighted karaoke stage, upstairs arcade game room, temperature-controlled wood working shop & 5 car garage spaces with bball court. A retreat estate beyond comparison for the most discerning buyer looking for the utmost in privacy, proximity & natural sanctuary.

Investor Tools

Property Icon
$2,860,000
Estimated Property Value
$2,281,273Estimated Mortgage Balance
$1,002,458Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$17,160 /month
Positive
Cash Flow Estimate:
$5,720 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$5,180/month
$1,850/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$47,857
$2,860,000
2025
$581,400
$2,278,600
$2,860,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$47,857
$2,860,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thomas J Engibous
Unknown
$2,281,273
No
First
Feb 5, 2007
Feb 2012

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,857,542
$1,002,458
35%
65%
$18,175/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Melissa

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