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B+
NoAgentList RatingHow are grades calculated? Info

$799,000

221 Shoreline Dr, Gainesville, TX, 76240

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,768 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$451.92 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Electric Oven, Electric Water Heater, Refrigerator, Washer
FlooringWood

Exterior

Lot Size16,984 sqft

Building Information

Year Built1972
Roof Type105
Garage Spaces1

Land Information

APN8477
Lot Number1
SubdivisionWhispering Hills
Land UseResidential
Legal DescriptionWHISPERING HILLS; LOT 1; SEC 1
Census Tract000200
Assessed Land Value$417,632
Assessed Improvement Value$326,510
Assessment Year2025

About this property

MOSS LAKE has some of the most beautiful Sunsets around... and this place has the perfect spot to sit and enjoy them. 2 Bedroom, 2 Full bath, Open floor plan, Updated kitchen with granite, lighting, pantry. The living area boost of big spaces, tons of windows with beautiful views of the lake, wood burning fireplace, hardwood floors, and for your morning coffee, a walk out onto a Cozy screened in porch. Large Master bedroom, plenty of room in the secondary living space to entertain or convert into a 3rd bedroom or a spacious bunk room. Downstairs accommodates another Full Bath and Extra-large Bedroom with another wood burning fireplace, then you can walk out to another outdoor porch that gives you all the views of the lake you could want. Nice cascading step down back yard that leads down to the boat dock that is hooked up with electricity, two boat slips and dock space to play. The water is DEEP here and the sunsets are breathtaking.

Investor Tools

Property Icon
$744,142
Estimated Property Value
$0Estimated Mortgage Balance
$744,142Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,794 /month
Positive
Cash Flow Estimate:
$1,598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$928/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,421
$744,142
2025
$417,632
$326,510
$744,142
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$7,421
$744,142

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$744,142
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$700/mo
+$350/mo
1.7%

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: Gainesville

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221 Shoreline Dr | Property Details | No Agent List