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B+
NoAgentList RatingHow are grades calculated? Info
Days267Days on Market
Views1view
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$410,000

227 Newcastle Drive, Gordonville, TX, 76245

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths1,440 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$284.72 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
AppliancesTankless Water Heater
FlooringConcrete

Exterior

Exterior FeaturesFire Pit, Storage, Garden
Lot Size35,000 sqft

Land Information

APN021B6550014
Lot Number22-28
SubdivisionSherwood Shores S Unit 1
Land UseResidential
Legal DescriptionSHERWOOD SHORES S UNIT 1, LOT 22 THRU 28, ACRES 0.8035
Census Tract000304
Assessed Land Value$86,800
Assessment Year2025

About this property

FANTASTIC OPPORTUNITY: Endless Possibilities Near Lake Texoma! Discover this truly unique and versatile property, perfectly situated near the natural beauty of Lake Texoma, the convenience of Cedar Mills Marina, and the excitement of Megastar Casino. This is more than a home—it's a compound built for luxury, recreation, and income potential! The Lake House & Luxurious Amenities This MUST- SEE gem features high-end upgrades across its multiple structures: The Main Lake House (30' x 24' Garage Conversion): A cozy retreat featuring superior blown-in insulation, modern ceiling fans, and new windows with custom blinds. It’s equipped for the future with custom electrical and plumbing ready for any upgrade, plus a built in roll down screen to enjoy the the fresh air! The Second Finished Garage (30' x 24'): An ideal flexible space with a finished sheetrock interior, overhead door, LED lighting, ceiling fans, and a custom front porch. It is wired and plumbed, ready for your final finish-out! The 12' x 12' Sunflower Shower House: This is luxury defined! Features include a powerful heat and cool system, on-demand hot water, a soaring 14' ceiling with a cedar beam, natural lighting, and premium plumbing fixtures. The 14' x 10' Lavender Potting Shed: Filled with light and windows, perfect for gardening, art, or a serene office space. Outdoor & Income Ready Features The expansive grounds are designed for entertaining and maximizing use: 3 RV Spots: Ready to host guests or generate rental income! One spot offers water and electric hookups. Two spots offer electric hookups only. Outdoor Living: Enjoy extensive amenities designed for relaxation, including numerous sidewalks, multiple inviting fire pits, and shaded patio areas. With multiple finished buildings and dedicated RV capacity, the possibilities are truly endless—from a family compound to an investment rental opportunity! Don't miss out on this one-of-a-kind property!

Investor Tools

Property Icon
$86,800
Estimated Property Value
$0Estimated Mortgage Balance
$86,800Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,460 /month
Positive
Cash Flow Estimate:
$820 /month

Interested in this property?

Tabatha Polley

KELLER WILLIAMS REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$140/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,246
$86,800
2025
$86,800
N/A
$86,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,246
$86,800

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$86,800
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.

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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: Gordonville

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227 Newcastle Drive | Property Details | No Agent List