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$1,399,950

320 N Shore Dr, Amarillo, TX, 79118

Under ContractInfo
Beds4 Beds
Baths3 Bath
Baths2,527 Sq Ft
price_per_sqft$554 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRange, Microwave, Dishwasher

Exterior

Exterior FeaturesBrick, Balcony
Lot Size11,326 sqft

Building Information

Year Built1967
Roof Type105
Garage Spaces2

Land Information

APNR-044-3900-3300
SubdivisionLake Tanglewood
Land UseResidential
Legal DescriptionLAKE TANGLEWOOD, BLK 0010, ALL OF 1 PLUS UNPLATTED IRREG 21.21FT STRIP LYING SE OF SAID LOT, 0.2600 ACRES
Census Tract021702
Assessed Land Value$225,000
Assessed Improvement Value$600,962
Assessment Year2025

About this property

Life at the Lake is one of the rarest lifestyles in the Texas Panhandle, and this beautifully remodeled waterfront retreat offers the opportunity to experience it every day. Thoughtfully redesigned for entertaining, relaxation, and making unforgettable memories, this exceptional home blends modern luxury with breathtaking lake views. From the moment you step inside, your eyes are drawn through the windows to the sparkling 'big water' beyond. Blonde wood-look tile flows throughout the main living areas, while plush carpet creates cozy bedroom retreats. Designer lighting, sleek metal railings, and quartz countertops complete the home's fresh contemporary style. The stunning kitchen is truly the heart of the home, featuring a waterfall island, breakfast nook with built-in banquet seatin premium Kitchen Aid appliances, abundant custom cabinetry, and a dedicated buffet and workspace with floating shelves--perfect for entertaining or keeping everyday appliances tucked away. The spacious living room invites everyone to gather with its vaulted ceilings, corner fireplace, and wall of windows that fill the home with natural light while showcasing spectacular lake views. The main level offers three bedrooms and two bathrooms, including a private primary suite that enjoys vaulted ceilings, expansive windows, and direct access to the outdoor living spaces. The spa-inspired ensuite features double vanities, a freestanding soaking tub, oversized glass shower, and generous walk-in closet. Two additional bedrooms share a beautifully updated full bath. Upstairs is an incredible retreat that can easily serve as a second primary suite, guest quarters, or the ultimate bunk room. Complete with custom built-in bunks featuring double beds below and twin beds above, a fireplace, full bathroom, walk-in closet, wet bar, and private deck overlooking both the front of the property and the lake, this space is designed for hosting family and friends. The oversized utility room leads to a well-appointed garage with abundant storage for lake toys and tools, highlighted by a striking frosted-glass double garage door. An additional single-bay garage opens directly to one of the home's most impressive features--an incredible covered outdoor living room complete with a hot tub, space top grill, entertainment area, wood-inlaid ceiling, limestone accents, and motorized screens that provide shade, privacy, and protection from insects and the breeze. It's the perfect place to unwind after a day on the water. Step outside to a beautifully landscaped backyard with lush grass, an additional lakeside sun deck, and stacked stone retaining walls. The home's protected private cove is one of its most exceptional features, offering calm waters ideal for swimming, floating, fishing, paddleboarding, or simply enjoying the peaceful shoreline--a true rarity for waterfront properties. Two additional perks are the newly installed Roof in 2024 and the New Aerobic Septic System installed May 2026. The covered floating dock is ready for endless adventures with two boat slips, one featuring an electric lift, generous storage for water toys, a spacious sun deck, and an upper-level diving platform. It is well maintained and less than 5 years old. Whether you're searching for a weekend escape or a year-round waterfront residence, this extraordinary home delivers the luxury, comfort, and unforgettable lifestyle that only life at the lake can offer. Schedule your private tour today and discover why living at Lake Tanglewood is one of the Panhandle's best-kept secrets. Schedule your private tour today and discover why living at Lake Tanglewood is one of the Panhandle's best-kept secrets.

Investor Tools

$0Estimated Mortgage Balance
$825,962Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,400 /month
Positive
Cash Flow Estimate:
$2,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,234/month
$195/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,674
$825,962
2025
$225,000
$600,962
$825,962
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,674
$825,962

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$825,962
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$196/mo
+$1,345/mo
2.2%

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.

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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: Amarillo

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320 N Shore Dr | Property Details | No Agent List