NoAgentList RatingHow are grades calculated?

1view

$1,195,000

2139 Trail Ridge, Possum Kingdom Lake, TX, 76449

$1,553,500 ARV

Off Market

2 Beds

2 Bath

3,060 Sq Ft

Single Family Residence

$390.52 / sqft

Built in 1970

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms 2

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator

FlooringCarpet, Concrete, Tile

Exterior

Exterior FeaturesBoat Slip, Dock, Gas Grill, Lighting, Private Entrance, Storage

Lot Size19,994 sqft

Building Information

Year Built1970

Land Information

APN183400000

Lot Number20

SubdivisionPk Lake 5-2-31 Area 1-10

Land UseResidential

Legal DescriptionPK LAKE 5-2-31 AREA 1-10 LOT 20 (FEE SIMPLE .401 AC & FERC .058 AC) DOCK#11731/Y G#P0500-00-01100-020-00-0

Census Tract000100

Assessed Land Value$675,090

Assessed Improvement Value$465,530

Assessment Year2025

About this property

A perfect mountainside lake retreat on PK's popular PENINSULA. Heavily wooded with natural boulders. Extensive rock work that tames nature just enough. A sought-after lakefront setting with massive open lake views, plus calm shoreline water in summer for boating in front of the gang hanging out on your boat dock. 200 ft WALKWAY to DOCK is grandfathered in gives access to deeper water. Planned for entertainment... one group appreciates the amazing open lake views in large open living area or outdoor living areas upstairs while another party can be going on downstairs in the SEPARATE downstairs Bunk and Game room. Sunburn or too tired from all the fun? No problem, escape to private third-floor bedrooms. Wrap-around balconies are excellent for catching SUNRISE and SUNSETS plus 3rd Story balcony offers PANORAMIC LAKE VIEWS. Parking? here is EXCEPTIONAL PARKING, room for multiple cars, and even boat trailers. Short term rental potential, SLEEPS 11 Marinas, restaurants, and shops close by.

Investor Tools

$2,457,000

Estimated Property Value

$0Estimated Mortgage Balance

$1,623,795Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$1,553,500

Rent-to-Value Ratio: 0.72%

Rent Estimate

$14,742 /month

Positive

Cash Flow Estimate:

$4,914 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,487/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$17,564

$1,140,620

2025

$675,090

$465,530

$1,140,620

Tax History

Year

Tax Paid

Assessed Value

2024

$17,564

$1,140,620

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Prime Lending Inc

Unknown

$858,750

First

Sep 27, 2024

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$833,205

$1,623,795

66%

34%

$5,149/mo

Learn About the Market: Opportunity in Texas

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 This Area