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$300,000

249 N Bay Dr, Bullard, TX, 75757

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,283 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.41 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

BankruptcyPre-ForeclosureMust-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher

Exterior

Lot Size11,067 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APN1-80270-0001-00-234000
Lot Number234
SubdivisionEmerald Bay
Land UseResidential
Legal DescriptionEMERALD BAY LOT 234
Census Tract001912
Assessed Land Value$43,245
Assessed Improvement Value$268,406
Assessment Year2025

About this property

Enjoy beautiful lake views right from the property at 249 N Bay Drive, located within the highly desirable Emerald Bay community in Bullard! This inviting home offers a fantastic and functional floorplan highlighted by a huge main living space with plenty of room for entertaining, relaxing, and gathering with family and friends. The kitchen provides an abundance of cabinetry and storage, while the sunroom offers additional space to enjoy the peaceful surroundings and natural light. The thoughtfully designed layout also features a private den serving the guest bedroom area, creating a separate living space ideal for guests, family, or game room. Storage continues into the oversized garage, offering plenty of vehicle space along with dedicated golf cart or lawn mower parking and a large storage closet. Located within Emerald Bay HOA, residents enjoy a beautiful, manicured golf course and the unique lifestyle of a Lake Palestine community. With lake views, generous living spaces, excellent storage, and a versatile floorplan, this home presents a great opportunity to make your move into Emerald Bay.

Investor Tools

$199,989Estimated Mortgage Balance
$215,011Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

Interested in this property?

Alex Chapa

Marksman Management

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$244/month
$69/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$851
$311,651
2025
$43,245
$268,406
$311,651
No

Tax History

Year
Tax Paid
Assessed Value
2025
$851
$311,651

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Metlife Home Loans
Reverse Mortgage / Hecm
$315,000
No
First
Apr 29, 2011
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,989
$215,011
51%
48%
$1,889/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: Bullard

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