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$907,870

21440 Forest Waters Cir, Garden Ridge, TX, 78266

Off Market

3 Beds

5 Bath

3,208 Sq Ft

Single Family Residence

$303.93 / sqft

Built in 1990

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 3.5

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Private Pool

Exterior FeaturesOutdoor Kitchen

Lot Size1.50 acres

Building Information

Year Built1990

Stories2

Roof Type104

Garage Spaces4

Land Information

APN17-0180-0054-00

Lot Number21

SubdivisionForest Waters

Land UseResidential

Legal DescriptionFOREST WATERS, BLOCK 3, LOT 21

Census Tract310801

Assessed Land Value$198,450

Assessed Improvement Value$709,420

Assessment Year2025

About this property

STUNNING HOME IN PRESTIGIOUS FOREST WATERS. This meticulously maintained home sits on 1.5 acres,over 100+oak trees, resort style pool/entertaining area, guest home, drive-thru workshop and additional storage building. Main home features 3,200sqft, 3bd/3ba, study/office (or 4th bd), 2 living areas, 2 dining areas, chef's kitchen w/ high end appliances, soft close custom cabinetry, butler's pantry, central vac, wood flooring, two fireplaces, HUGE master retreat with beautiful ensuite bath/dual closets. Exterior features include a lushly landscaped yard, guest home w/bathroom/kitchenette (400+sqft storage above), in-ground pool, hot tub w/flagstone decking, cooking/entertaining area, fenced yard/sprinkler system, 30'x15' drive-thru workshop, 18'x12' storage shed, oversized 3 car garage and much more.Owners have put well over $200k into upgrading this home throughout the years...you will be hard pressed to find something that has been as lovingly cared for as this property.

Investor Tools

$907,870

Estimated Property Value

$647,000Estimated Mortgage Balance

$307,130Estimated Equity

29% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,850 /month

Positive

Cash Flow Estimate:

$1,950 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,483/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$907,870

2025

$198,450

$709,420

$907,870

Yes (2024)

Tax History

Year

Tax Paid

Assessed Value

2024

N/A

$907,870

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rocket Mortgage Llc

Conventional

$647,000

First

Jul 8, 2022

Aug 2042

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$600,740

$307,130

33%

66%

$3,880/mo

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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