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$569,000

232 Private Road 1500a, Morgan, TX, 76671

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,460 Sq Ft
price_per_sqft$389.73 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Water Heater, Gas Cooktop, Gas Oven, Gas Range
FlooringTerrazzo, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Rain Gutters, Lighting, Other
Lot Size2.36 acres

Building Information

Year Built2005

Land Information

APNR27771
Lot Number9
Land UseResidential
Legal DescriptionTHE RIDGE (AKA A0006, E. HARDIN) LOT 9
Census Tract950300
Assessed Land Value$70,100
Assessed Improvement Value$375,346
Assessment Year2025

About this property

Tranquility Ridge is a one-of-a-kind retreat on top of a ridge and surrounded by Corps of Engineer owned property. Part of The Canyons development, the house sits on a private road and is surrounded by native landscape, providing optimal privacy and unobstructed views. The property features a screened-in porch, which includes a salt water, heated game pool. The screened-in pool offers less water evaporation, protection from falling leaves and debris making easy pool to maintain. The house itself is custom designed by the original owners who were professional sailors. The “bow” of the house faces northeast, expressed by a two-story high living room space with a central wood-burning fireplace and an open plan. Materials include authentic Saltillo tile throughout the ground floor, wood flooring, custom wood trim and cabinetry and selective furnishings to match, built by the owner. In addition to the two bedrooms and bathrooms are three living spaces, two of which can also be used as sleeping rooms. The loft overlooking the living room has access to its own outdoor deck with sweeping views, ideal for morning coffee or evening sunsets. The house has two air conditioning units and a mini-split, making it economical for cooling and most rooms have natural light from at least two sides. The interior painted and the roof replaced in 2024. Additionally, workshop, LG carport. Unique design, desirable location, rugged Lake Whitney landscape, and expansive outdoor living space, this house can sleep up to nine people, giving it potential as a short-term rental or as a family retreat. Residents of The Canyons access to a private beach and day-use dock at no charge, along with nearby trails and outdoor recreation that enhances the lake lifestyle. Watch out for the deer. The 3rd bedroom is a converted sunroom with own ac system, no closet. Schedule your private showing and experience the special characteristics that make Tranquility Ridge a rare find on Lake Whitney.

Investor Tools

$0Estimated Mortgage Balance
$445,446Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,414 /month
Positive
Cash Flow Estimate:
$1,138 /month

Interested in this property?

Mike McCoy

Berkshire HathawayHS Worldwide

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$608/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,070
$445,446
2025
$70,100
$375,346
$445,446
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,070
$445,446

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$445,446
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: Morgan

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232 Private Road 1500a | Property Details | No Agent List