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$699,900

2255 Lipan Highway, Granbury, TX, 76048

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,250 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$311.07 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Concrete, Wood

Exterior

Exterior FeaturesUncovered Courtyard
Lot Size3.89 acres

Building Information

Year Built2006
Stories1
Garage Spaces3

Land Information

APN20431.000.0040.0
SubdivisionM Oldham - Abst 431
Land UseResidential
Legal DescriptionACRES: 3.885 ABST: M OLDHAM - ABST 431
Census Tract160100
Assessment Year2025

About this property

Surround by water on 3 sides you won't find this kind of privacy on waterfront property any where else at this price. Minutes from historic downtown Granburys shopping, dining & entertainment venues but incredibly private you will enjoy lush greenery & beautiful shade trees on just under 4 acres that can all be watered out of the lake. Whether you are a serious fisherman or you prefer basking in the sun & picnics in the grass this property will accommodate. Inside the home exudes rustic charm with concrete floors & tin ceilings. The living Room enjoys a wall of windows to bring in natural light & waterfront views, a stone fireplace & a wet bar for entertaining. For a more private setting, slip onto the rocked courtyard with shade trees and wood burning fireplace, the perfect place to snuggle up this fall for date night or enjoy smores by the fire. Located inside the city limits but with No HOA & No Deed Restrictions this has the potential to be a terrific VRBO property.

Investor Tools

Property Icon
$885,220
Estimated Property Value
$0Estimated Mortgage Balance
$885,220Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,311 /month
Positive
Cash Flow Estimate:
$1,770 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,537/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,023
$885,220
2025
N/A
N/A
$885,220
No

Tax History

Year
Tax Paid
Assessed Value
2025
$14,023
$885,220

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$885,220
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: Granbury

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2255 Lipan Highway | Property Details | No Agent List