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$1,583,364

NAL Estimated Property Value

219 Scenic Drive, Heath, TX, 75032

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,592 Sq Ft
price_per_sqft$306.71 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Refrigerator
FlooringConcrete

Exterior

Lot Size11,326 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces2

Land Information

APN3060-0000-0020-00-0R
Lot Number20
SubdivisionAntigua Bay
Land UseResidential
Legal DescriptionANTIGUA BAY, LOT 20
Census Tract040511
Assessed Land Value$500,000
Assessed Improvement Value$1,083,364
Assessment Year2025

About this property

Waterfront home with spectacular unobstructed views, nestled on desirable location of Lake Ray Hubbard. The home features 3 bedrooms and 3 full baths. The upstairs bedroom has a seperate living space as well as en suite bath that will be great for guest and includes a private second story entrance. Upon entering the home you are greeted by floor to ceiling windows that provide picture perfect views of nearby Rush Creek Yacht Club. The mature trees provide shade and privacy as you enjoy your personal oasis. 250 ft sea wall is ready for you to place your boathouse or dock. City of Heath requires 150 ft seawall for placement of dock. Transferrable land lease of additional .37 acres

Investor Tools

Property Icon
$1,583,364
Estimated Property Value
$446,019Estimated Mortgage Balance
$1,137,345Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,500 /month
Positive
Cash Flow Estimate:
$3,167 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,595/month
$75/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$23,221
$1,583,364
2025
$500,000
$1,083,364
$1,583,364
No

Tax History

Year
Tax Paid
Assessed Value
2024
$23,221
$1,583,364

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Community National Bank & Trust Of Texas
Unknown
$500,000
No
First
Oct 14, 2020
Apr 2021

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$446,019
$1,137,345
71%
28%
$2,998/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$3,073/mo
$-63/mo
2.3%

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: Heath

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219 Scenic Drive | Property Details | No Agent List