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$2,228,000

22240 Mallards Cove Ct, Bullard, TX, 75757

Off MarketInfo
Beds5 Beds
Baths6 Bath
Baths5,554 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$405.11 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Gas Range, Microwave, Refrigerator
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Built-in Barbecue, Rain Gutters, Lighting, Outdoor Kitchen, Outdoor Shower
Lot Size34,761 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces6

Land Information

APN1-50110-0000-00-007000
Lot Number7
SubdivisionMallards Cove
Land UseResidential
Legal DescriptionMALLARDS COVE LOT 7
Census Tract001912
Assessed Land Value$375,418
Assessed Improvement Value$1,263,065
Assessment Year2025

About this property

LAKEFRONT PROPERTY! Welcome to Mallards Cove, an exclusive gated community on the shores of Lake Palestine, where luxury living meets resort-style comfort. This newly constructed masterpiece offers thoughtful design, stunning lake views, and exceptional amenities throughout its spacious layout. This home features 5 bedrooms, including two lavish primary suites—each positioned to capture sweeping views of the lake. Both suites are complete with spa-inspired bathrooms and incredible custom closets designed for true luxury and functionality. Created with entertainers in mind, the home boasts a dedicated game room with a full wet bar that overlooks a theatre and golf simulator room, offering endless opportunities for recreation and relaxation. With 4.5 beautifully appointed bathrooms, every guest enjoys comfort and convenience. Step outside to your private lakeside oasis: a breathtaking infinity-edge pool with hot tub, perfectly framing the water beyond. The expansive patio is crafted for year-round enjoyment, featuring a fully equipped outdoor kitchen with grill, an outdoor shower for added convenience, and built-in retractable screens that seamlessly blend indoor and outdoor living. Modern, elegant, and designed for unforgettable gatherings, this Mallards Cove residence is a rare opportunity to own a luxury lakefront retreat where every detail has been elevated. Welcome home to Lake Palestine living at its finest.

Investor Tools

Property Icon
$2,228,000
Estimated Property Value
$1,205,000Estimated Mortgage Balance
$1,095,451Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,500 /month
Positive
Cash Flow Estimate:
$4,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,224/month
$1,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$27,551
$1,638,483
2025
$375,418
$1,263,065
$1,638,483
No

Tax History

Year
Tax Paid
Assessed Value
2025
$27,551
$1,638,483

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$1,205,000
No
First
Oct 17, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,132,549
$1,095,451
49%
51%
$6,192/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,830/mo
$7,192/mo
$-5,362/mo
1.0%

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: Bullard

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22240 Mallards Cove Ct | Property Details | No Agent List