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$856,000

250 Whispering Oaks Trail, Payne Springs, TX, 75156

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,189 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$719.93 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Bathrooms Half 0.5Bathrooms Half 0.5
AppliancesDishwasher, Electric Oven, Electric Water Heater, Gas Cooktop, Convection Oven, Double Oven
FlooringCombination, Tile, Vinyl, Wood

Building Information

Year Built1990

Land Information

APN4165-0000-0500-58
Lot Number50
SubdivisionSouthwood Shores (228)
Land UseResidential
Legal DescriptionLT 50 A AB 59 J P BROWN SUR, SOUTHWOOD SHORES SEC I LT 50 A/163
Census Tract950905
Assessed Land Value$114,390
Assessed Improvement Value$178,499
Assessment Year2025

About this property

Wake up to deep water, wide-open views, and the rare bonus of two waterfront lots. This property is located on over 150 feet of deep water centrally located on Cedar Creek Reservoir. Room for the RV, room for the boats, and nearly half an acre on the lake. There are two boat houses that have been redone that include lifts that will accommodate 2 boats and 2 jet skis, a large back deck perfect for gatherings, a covered patio near the water ideal for crawfish boils and fish frys, a gazebo near the water with electricity and three outbuildings providing lots of storage for a variety of needs. Additional features include two driveways, fenced yard, patio wired for a hot tub, and new HVAC. The home is 3 bedrooms, 2 baths, with an open floor plan. Each room has been remodeled. The kitchen has beautiful concrete countertops, plenty of cabinets, kitchen island, gas cooktop, double oven and new dishwasher. The living area has wood floors, a beautiful pine ceiling and opens to a large enclosed back patio with cedar walls and ceiling looking out on the beautiful open water and has great sunset views. It is conveniently located near Gun Barrel City amenities and has a neighborhood boat ramp close by. This property is ready and waiting for the perfect full-time resident or weekender looking to have a great place to escape and relax. The second lot has its own address and would be great for a guest house, workshop or RV storage as permitted by deed restrictions.

Investor Tools

Property Icon
$878,000
Estimated Property Value
$0Estimated Mortgage Balance
$604,592Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,268 /month
Positive
Cash Flow Estimate:
$1,756 /month

Interested in this property?

Debbie French

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$512/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,759
$292,889
2025
$114,390
$178,499
$292,889
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,759
$292,889

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mutual Of Omaha Mortgage Inc
Fha
$275,000
Yes
First
Jan 16, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$273,408
$604,592
68%
31%
$1,649/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: Payne Springs

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