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$610,000

305 South Park Road, Scroggins, TX, 75480

$698,388 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,088 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$292.15 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Must-SellMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range

Exterior

Exterior FeaturesBoat Slip, Dock

About this property

NEWLY REDUCED PRICE! A complete remodel plan is already in place, with renovation costs estimated at approximately $200,000. This presents an incredible opportunity to create a beautifully updated lake home for around $900,000 or less on highly desirable Lake Cypress Springs, a rare value in today's market. Renovation plans are available upon request. - Quite possibly one of the best opportunities available on Lake Cypress Springs! Priced well below county tax appraised value, this waterfront property offers incredible potential on one of the lake’s premier main lake lots. The panoramic views are simply breathtaking! Some multi-million-dollar homes can’t match these views. This 3 bedroom, 2 bath home provides the perfect canvas for buyers looking to remodel, update, and create their dream lake retreat. With a functional floor plan and solid bones, the possibilities here are endless. The living and dining areas flow into a large sunroom filled with windows and natural light, offering flexible space for a second living area, game room, or entertaining space. The split primary suite is generously sized and captures beautiful lake views. One additional bedroom is located on the main level, while the third bedroom is upstairs, providing privacy for guests or family members. Outside is where this property truly shines. Multiple patio areas overlook the water, creating the perfect setting for relaxing or entertaining. The one-stall boathouse with deck offers convenient lake access, and a detached heated and cooled building adds tremendous versatility, ideal for a future guest suite, studio, office, or hobby space. As an added bonus, the sale includes an interior lot located across the street, providing opportunity for those who want to expand the homes square footage. Opportunities like this - with views, location, and upside potential, rarely come available at this price point. Schedule your showing soon, because this one won’t last long.

Investor Tools

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$0
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$698,387
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,660 /month
Positive
Cash Flow Estimate:
$1,220 /month

Interested in this property?

Nicole Anderson

Anderson Elite Realty

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Financing Details

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

Learn About the Market: Opportunity in Texas

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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: Scroggins

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