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$870,000

NAL Estimated Property Value

3516 Lake Powell Dr, Arlington, TX, 76016

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,720 Sq Ft
price_per_sqft$211.86 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringCarpet, Ceramic Tile, Slate

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size17,833 sqft

Building Information

Year Built1980
Stories2
Garage Spaces3

Land Information

APN12760C-A-27
Lot Number27
SubdivisionEnchanted Lake Estate
Land UseResidential
Legal DescriptionENCHANTED LAKE ESTATE BLOCK A LOT 27 & PART OF COMMON AREA
Census Tract121609
Assessed Land Value$142,500
Assessed Improvement Value$727,500
Assessment Year2025

About this property

One of the exceptionally few waterfront homes to become available! A departure from the ordinary, this East facing Mid-Century Modern is tucked away on one of the most prestigious streets in highly sought after Enchanted Lake Estates! Walls of windows provide panoramic views of the lake from virtually every room. Soaring, vaulted ceilings create drama and fill rooms with streams of natural light. The distinctive floor plan offers tremendous versatility. Large balcony overlooks beautiful pool, spa, and lake. Enjoy fishing and water activities with easy access from your own private dock. Imagine the unlimited options for lakefront living and entertaining in this coveted location on a premium lot, all with convenient access to highways, schools, and shopping. Special features include Stone Coated Metal roof, Trex Decking, Pella Windows, Pave Stone terraced back yard buttressed w 20' Riprap. Enchanted Lakes community offers its own private boat ramp, tennis courts, club house, and pool.

Investor Tools

Property Icon
$870,000
Estimated Property Value
$0Estimated Mortgage Balance
$870,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,000 /month
Positive
Cash Flow Estimate:
$2,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,654/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,502
$870,000
2025
$142,500
$727,500
$870,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,502
$870,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$870,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,210/mo
$450/mo
+$2,760/mo
4.4%

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: Arlington

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3516 Lake Powell Dr | Property Details | No Agent List