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$1,050,000

313 Scenic Drive, Heath, TX, 75032

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,801 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$374.87 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size10,411 sqft

Building Information

Year Built1985
Stories1
Garage Spaces2

Land Information

APN3060-0000-0027-00-0R
Lot Number27
SubdivisionAntigua Bay
Land UseResidential
Legal DescriptionANTIGUA BAY, LOT 27
Census Tract040511
Assessed Land Value$500,000
Assessed Improvement Value$85,000
Assessment Year2025

About this property

Experience elevated waterfront living at 313 Scenic Drive, where 100 feet of shoreline on Lake Ray Hubbard and panoramic water views create an extraordinary lakeside retreat. Completely renovated from top to bottom with high-end finishes and timeless modern design, this stunning residence offers luxury, comfort, and breathtaking scenery at every turn. Beautiful light wood flooring flows throughout the home, while expansive walls of windows and glass doors showcase spectacular lake views and fill the interior with natural light. The open concept main level features a spacious living room with a fireplace, dining area, and a beautifully appointed kitchen complete with quartz countertops, custom cabinetry, built in refrigerator, designer fixtures, and a large island with breakfast bar seating. A charming breakfast area with built in cabinetry. A versatile flex space on the main level is currently configured as a custom bunk room with four built in bunks, ideal for hosting family and guests, while a full bath adds convenience and functionality. Upstairs, access to a private balcony overlooking the water offers a charming place to relax. The private primary suite serves as a peaceful retreat with sweeping lake views and a luxurious ensuite bath featuring dual sinks and a stunning glass enclosed walk in shower. Two additional bedrooms and a full bath provide comfortable accommodations. Outdoor living is equally impressive. A spacious deck extends across the rear of the home, providing the perfect setting for dining, entertaining, or simply enjoying the tranquil surroundings. The backyard leads directly to the shoreline, offering an unparalleled connection to Lake Ray Hubbard. This exceptional property combines designer finishes, modern elegance, and a premier lakefront setting just minutes from shopping, dining, highly rated schools, and convenient access to Dallas. A rare opportunity to own a fully reimagined waterfront home with unforgettable views.

Investor Tools

$423,665Estimated Mortgage Balance
$161,335Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,300 /month
Positive
Cash Flow Estimate:
$2,100 /month

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Chase Duran

Allie Beth Allman & Assoc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$478/month
$75/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,817
$585,000
2025
$500,000
$85,000
$585,000
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,817
$585,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
V I P Mortgage Inc
Conventional
$438,750
No
First
Jul 16, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$423,665
$161,335
27%
72%
$2,631/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: Heath

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