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$995,000

2403 Cherry Lane, Kingsland, TX, 78639

$1,293,500 ARVInfo
On MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,932 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$339.36 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

BankruptcyMust-SellARV FlipAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Ice Maker, Microwave, Double Oven
FlooringWood

Exterior

Private PoolPrivate Pool

Building Information

Year Built2022
Stories2
Garage Spaces2

Land Information

APN16446
Lot Number61
SubdivisionFred Wood
Land UseResidential
Legal DescriptionFRED WOOD UNIT 5 LT 61
Census Tract970501
Assessed Land Value$12,600
Assessed Improvement Value$678,420
Assessment Year2025

About this property

ENJOY LUXURY LAKE LIVING PRICED BELOW MARKET in the gated subdivision of THE COVE AT LAKE LBJ. This amazing NEW construction Modern Farmhouse is 2932 sqft with 4 bedrooms, 3.5 bathrooms, a two car garage complete with extra refrigerator, additional washer-dryer, large fenced private yard with a custom splash pool and can sleep 12-15 people comfortably, making it a great place to call home or a great turnkey Short Term Rental opportunity. This home boasts the finest in materials including hardwood floors, quartz counter tops in the large kitchens and bathrooms, stainless steel appliances, a gas cooktop, wine refrigerator. designer finishes, and one bedroom as an over-the-top bunk room, laundry rooms upstairs as well as downstairs. The community features a regulation pickle ball court, also with use as a basketball court, a covered pavilion with grills, flat screen tv, dining areas, lounging areas as well as uncovered lounge areas, all under the towering oak shade trees and overlooking the lake. Just steps away is the lake featuring 8 boat slips and a slip for jet skis and easy access for kayaking and stand-up paddleboards. Tucked in a cove right off open water makes this a highly desirable and user-friendly watersports haven. The Cove at LBJ is also minutes from world class golfing. Enjoy wine tasting in the Hill Country, shopping, casual or fine dining or all-day enjoyment on the lake and in your private home. Residents can choose to use the day dock as well as secure a private boat dock for an additional $100,000. Come take a look today!

Investor Tools

Property Icon
$985,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,293,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,970 /month
Positive
Cash Flow Estimate:
$1,990 /month

Interested in this property?

Lesli Akers

Keller Williams - Lake Travis

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$652/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,903
$691,020
2025
$12,600
$678,420
$691,020
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,903
$691,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Foundation Cref Funding Ii Llc
Commercial
$2,000,000
No
First
May 31, 2022
Jun 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,376,074
N/A
0%
241%
$14,835/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: Kingsland

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2403 Cherry Lane | Property Details | No Agent List