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$249,000

NAL Estimated Property Value

222 Bluebonnet Dr, Marble Falls, TX, 78654

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,466 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.59 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesOven, Range
FlooringCeramic Tile, Laminate

Exterior

Lot Size30,004 sqft

Building Information

Year Built1971
Garage Spaces2

Land Information

APN8568
Lot Number137-139
SubdivisionCastle Hills (Sherwood Shores)
Land UseResidential
Legal DescriptionS3610 CASTLE HILLS (SHERWOOD SHORES) LOT 137,138,139 & 222,223,224
Census Tract960501
Assessed Land Value$75,000
Assessed Improvement Value$230,334
Assessment Year2025

About this property

STR’s ALLOWED, 6 Lots, 4 bed/ 2 bath! Welcome to this charming home in the city of Granite Shoals, known as the “City of Parks” and located near beautiful Lake LBJ. This spacious home has a farmhouse feel and sits on six full lots that go street to street, offering exceptional outdoor space and flexibility. Whether you’re looking for a peaceful primary residence, a second home, or a short-term rental opportunity, this property is a rare find. Inside, you’ll find 4 bedrooms, 2 bathrooms, plus a large flex space perfect for a sunroom, gym, or game room. There’s also an oversized attached carport for parking or making into a workshop giving you even more space! Granite Shoals is filled with recreational amenities including pickleball courts, tennis courts, soccer fields, jogging trails, and 19 public parks with multiple Lake LBJ access points, boat ramps, fishing, and swimming areas. The city also hosts fun community events throughout the year….And the best part—no HOA or POA fees. Come explore the space, the location, and the lifestyle this property offers. It’s a place to live and relax all near lake lbj.

Investor Tools

Property Icon
$249,000
Estimated Property Value
$0Estimated Mortgage Balance
$249,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$338/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,806
$227,258
2025
$75,000
$230,334
$305,334
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,806
$227,258

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$257,000
100%
0%
$0/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: Marble Falls

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222 Bluebonnet Dr | Property Details | No Agent List