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$625,000

207 Cove Creek Dr, Spicewood, TX, 78669

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,560 Sq Ft
price_per_sqft$244.14 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Microwave, Range, Stainless Steel Appliances
FlooringCarpet, Concrete

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard, Rain Gutters
Lot Size16,418 sqft

Building Information

Year Built2005
Garage Spaces2

Land Information

APN36676
Lot Number108
SubdivisionRidge Harbor
Land UseResidential
Legal DescriptionS7290 RIDGE HARBOR LOT 108, SEC 1
Census Tract960802
Assessed Land Value$31,850
Assessed Improvement Value$515,642
Assessment Year2025

About this property

Incredible opportunity to own a special slice of Texas in a gated community with excellent amenities, lake access, and plenty of space and privacy! Welcome to 207 Cove Creek Dr. This home features 4 bedrooms, 3 bathrooms, an office, and 2,560 sq ft. The main living spaces are open concept, and the living room has high, beamed ceilings, concrete floors, and a beautiful fireplace. The dedicated office is located immediately to the right as you enter the home, and the formal dining space is immediately to the left. The large, updated kitchen is light and bright, and features quartz countertops and stainless steel appliances. There is a large dining area next to the kitchen, and it overlooks the stunning backyard. The primary bedroom has tray ceilings, a huge walk-in closet, a spacious ensuite bathroom with two vanities, a soaking tub, a walk-in shower, and a water closet. The second living space leads to a private bedroom and full bathroom and could be used for a second primary suite, multigenerational living, or as a private suite for long-term guests. It is currently used as a dedicated office, but the options are truly limitless! The backyard may just become your favorite place to relax, thanks to the huge stone patio with large covered and uncovered sections, a custom built-in fire pit, beautiful trees, and expertly designed landscaping. The front of the home is also beautifully landscaped and welcoming, and features a charming bridge. The home is perfect for a main residence or lock-and-leave property, thanks to being located in the private gated community of Ridge Harbor. Community amenities include a marina, two boat ramps, a pool, park, sports courts, and a​​‌​​​​‌​‌​​​‌​‌​​‌‌‌​​‌ playground.

Investor Tools

$132,866Estimated Mortgage Balance
$486,498Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

Interested in this property?

Cyndi Cummings

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$628/month
$1,082/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,436
$547,492
2025
$31,850
$515,642
$547,492
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,436
$547,492

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pentagon Fcu
Conventional
$169,107
No
First
Apr 1, 2016
May 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$132,866
$489,134
78%
21%
$1,014/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.

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: Spicewood

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207 Cove Creek Dr | Property Details | No Agent List