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$415,000

24475 La Ponderosa, Mathis, TX, 78368

$454,999 ARVInfo
On MarketInfo
Beds4 Beds
Baths3 Bath
Baths5,164 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$80.36 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available

Exterior

Lot Size25,221 sqft

Building Information

Year Built2004
Roof Type105
Garage Spaces2

Land Information

APN0699-0001-0022-000
Lot Number22
SubdivisionLa Ponderosa
Land UseOther / Unknown
Legal DescriptionLA PONDEROSA BLK 1 LOT 22 (SEE 1045163 FOR BOAT RAMP %)
Census Tract011200
Assessed Land Value$136,984
Assessed Improvement Value$642,990
Assessment Year2025

About this property

Investor opportunity on Lake Corpus Christi, now offered as a short sale with exceptional upside potential. This multi level waterfront property delivers a rare chance to secure a spacious home with expansive lake views at a compelling price point. The main living level welcomes you with an open concept design, soaring ceilings, and a dramatic wall of windows that captures the beauty of the lake. The kitchen is built for both function and entertaining, featuring generous counter space, abundant storage, and a gas range. The primary suite is conveniently located on the main level, and the home includes an elevator that needs service, along with ADA friendly features such as widened doorways and a ramped garage entry. The lower level offers a fully equipped secondary living space with its own kitchen, dining area surrounded by windows, theater room, bedroom, bathroom, additional sitting area, and storage, making it ideal for multi generational living or rental potential. Step outside to a covered patio or head up to the elevated deck to take in sweeping lake views and coastal sunsets. The private fishing pier and community dock are currently out of the water, presenting an opportunity for future improvement and added value. This property is being sold as is and is ideal for investors or buyers ready to capitalize on a unique waterfront opportunity.

Investor Tools

$377,136Estimated Mortgage Balance
$402,838Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$454,999
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,680 /month
Positive
Cash Flow Estimate:
$1,560 /month

Interested in this property?

Alyssa King

Corpus Christi Realty Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$522/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,366
$779,974
2025
$136,984
$642,990
$779,974
No

Tax History

Year
Tax Paid
Assessed Value
2023
$2,366
$779,974

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$404,000
No
First
Sep 26, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$377,136
$402,838
51%
48%
$2,423/mo

City: Mathis