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$3,500,000

233 Lisa Ln, Amarillo, TX, 79118

On MarketInfo
Beds3 Beds
Baths5 Bath
Baths4,985 Sq Ft
price_per_sqft$702.11 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Range, Microwave, Ice Maker, Dishwasher

Exterior

Private PoolPrivate Pool
Exterior FeaturesBrick, Balcony, Outdoor Kitchen
Lot Size16,553 sqft

Building Information

Year Built2023
Stories2
Roof Type105
Garage Spaces5

Land Information

APNR-044-3900-4580
Lot Number7
SubdivisionLake Tanglewood
Land UseResidential
Legal DescriptionLAKE TANGLEWOOD, LOT 007, BLK 0014, 0.3800 ACRES
Census Tract021900
Assessed Land Value$225,000
Assessed Improvement Value$1,532,936
Assessment Year2025

About this property

Welcome to 233 Lisa Lane, a spectacular custom-built waterfront home offering modern luxury in one of the most desirable locations on Lake Tanglewood. Nestled on the lake's quiet ''No Wake'' water, this exceptional property provides the perfect setting for peaceful mornings, paddle boarding, kayaking, and relaxing waterfront living--all while enjoying quick access to the open lake when you're ready for adventure. Designed with entertaining in mind, the backyard is a private resort featuring a stunning swimming pool with an elevated sun deck, expansive patios, and a fully equipped outdoor kitchen that makes hosting family and friends effortless. Multiple outdoor living areas, covered balconies, and shaded gathering spaces create seamless indoor-outdoor living with beautiful lake views from every angle. The meticulously landscaped grounds feature lush green lawns, mature trees, and a gentle walk to the shoreline, where a private multi-slip boat dock provides convenient access to the lake. Whether you're enjoying coffee on the balcony, grilling poolside, or spending the day on the water, every detail has been thoughtfully designed to maximize comfort and enjoyment. This striking brick home combines timeless architecture with contemporary craftsmanship, delivering a luxurious waterfront lifestyle in a peaceful setting that is rarely available

Investor Tools

$1,318,702Estimated Mortgage Balance
$441,619Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$21,000 /month
Positive
Cash Flow Estimate:
$7,000 /month

Interested in this property?

Bobby Tyler

Keller Williams Realty Amarillo

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,616/month
$286/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,599
$1,757,936
2025
$225,000
$1,532,936
$1,757,936
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,599
$1,757,936

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Firstbank Southwest
Building Or Construction Loan
$1,420,250
No
First
Aug 5, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,318,702
$439,234
24%
75%
$8,516/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$8,802/mo
$-7,262/mo
1.1%

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: Amarillo

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