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$1,138,000

NAL Estimated Property Value

341 Windmill Hl, Salado, TX, 76571

$1,479,400 ARVInfo
SoldInfo
8/04/26
Beds4 Beds
Baths2 Bath
Baths5,619 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.66 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt In Electric Oven, Cooktop, Double Oven, Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Microwave, Wine Refrigerator
FlooringCarpet, Tile, Vinyl, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNo Exterior Steps, Private Yard, Rain Gutters, Uncovered Courtyard
Lot Size5.14 acres

Building Information

Year Built2002
Stories1
Roof Type112
Garage Spaces3

Land Information

APN187738
Lot Number10
SubdivisionWindmill Hill Subdivision
Land UseResidential
Legal DescriptionWINDMILL HILL SUBDIVISION, BLOCK 001, LOT 0010, ACRES 5.14
Census Tract023406
Assessed Land Value$254,841
Assessed Improvement Value$745,159
Assessment Year2025

About this property

Nestled on 5.14 fully fenced acres, this one-of-a-kind estate offers exceptional flexibility, privacy, and space with an impressive 5,619 square feet of living area. Built in 2001, the main residence features 2 oversized bedrooms, 2 bathrooms, granite countertops, two dining areas, an expansive living room with gas fireplace, and a cozy den with a second gas fireplace. Wood bead board ceilings in the living room and den add warmth and character, while 12-foot ceilings in the entry and living areas and 10-foot ceilings throughout create an open, airy feel. Designed for multi-generational living, guest accommodations, or income potential, the property includes attached living quarters with 2 bedrooms, private entrances, full kitchen, living area, and bathroom. A separate garage conversion offers its own private entrance and features double insulated walls for sound reduction, a bedroom/media room, kitchenette, living area, and full bathroom. The outdoor space is equally impressive with a circular driveway, private courtyard, inground pool with waterfall, built-in creek feature, and relaxing hot tub. Full pipe fencing surrounds the property, offering both beauty and functionality. Additional highlights include double French doors in the dining area, full gutters, 3 mini-splits, 3 HVAC systems, two 1,500-gallon water holding tanks, a 60x18 barn with 45x12 lean-to, a 12x20 workshop and an oversized 24’x29’ carport tall enough to house an RV. This rare property combines luxury, versatility, and peaceful country living just minutes from the charm of Salado.

Investor Tools

Property Icon
$1,138,000
Estimated Property Value
$441,214Estimated Mortgage Balance
$699,329Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,479,400
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,900 /month
Positive
Cash Flow Estimate:
$2,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,800/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,915
$1,000,000
2025
$254,841
$745,159
$1,000,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,915
$1,000,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$485,000
No
First
Aug 11, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$441,214
$558,786
55%
39%
$2,908/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,980/mo
$2,908/mo
$-928/mo
2.1%

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: Salado

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