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$998,995

205 Lake Way, Cross Roads, TX, 76227

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,730 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$200.85 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Purifier, Dishwasher, Disposal, Gas Cooktop, Microwave, Double Oven, Refrigerator
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Rain Gutters, Lighting, Other
Lot Size1.01 acres

Building Information

Year Built2015
Stories2
Roof Type105
Garage Spaces4

Land Information

APNR527436
Lot Number12
SubdivisionVillages At Cross Roads
Land UseResidential
Legal DescriptionVILLAGES AT CROSS ROADS BLK F LOT 12
Census Tract020121
Assessed Land Value$202,901
Assessed Improvement Value$796,094
Assessment Year2025

About this property

Amazing Home on 1 acre in gated community with sweeping circle drive and directly across from private lake with fountains. Resort style backyard with incredible heated pool including grotto, swim-up bar with built-in fixed stools PLUS separate hot tub and firepit. Outdoor covered patio with fireplace, TV and remote controlled sun shades turn any season into the perfect one outside. Separate yard where the possibilities are endless. Texas sized master on 1st level with wall of windows looking out to backyard and pool. Custom closet in master, separate shower and jetted tub. Large office with direct access to full bath could easily be made into a additional bedroom. Kitchen opens to living just off the dining room and butlers pantry perfect for a coffee bar. Upstairs 4 HUGE bedrooms all with WIC. Media room has wet bar and refrigerator perfect for movie nights. Large gameroom too. Home lights can be controlled by APP. Dupure water filtration system in whole home. 4 car garage

Investor Tools

Property Icon
$998,995
Estimated Property Value
$470,000Estimated Mortgage Balance
$555,614Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,994 /month
Positive
Cash Flow Estimate:
$1,998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,650/month
$971/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,801
$998,995
2025
$202,901
$796,094
$998,995
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,801
$998,995

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Great Western Financial Services Inc
Conventional
$470,000
No
First
Apr 21, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$443,381
$555,614
55%
44%
$2,818/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.

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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: Cross Roads

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205 Lake Way | Property Details | No Agent List