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$211,330

NAL Estimated Property Value

3940 Lake Shore Dr, May, TX, 76857

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,482 Sq Ft
price_per_sqft$134.28 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Linoleum

Exterior

Exterior FeaturesDock, Fire Pit, Gray Water System, Rain Gutters, Storage
Lot Size12,676 sqft

Building Information

Year Built2003

Land Information

APN41207
Lot Number105
SubdivisionHarbor Point Section I
Land UseResidential
Legal DescriptionHARBOR POINT SECTION I, LOT 105, BOAT DOCK # 8195, MH LABEL # NTA1300259 / NTA1300260
Census Tract950100
Assessed Land Value$38,030
Assessed Improvement Value$173,300
Assessment Year2025

About this property

When a waterfront home dream comes true! This inviting lakefront retreat sits on 0.3 ac and offers 1,482 sq ft of comfortable living space with 3 bedrooms and 2 full bathrooms. The 2003 one-owner manufactured home is set on a pier-and-beam foundation with brick skirting. The private covered 20x20 dock sits on deep water (˜10 ft) and remains fully accessible even during drier seasons. Currently, the water depth at the dock is approx 7 ft, making it ideal for boating, fishing, and lake activities year-round. The dock has been updated to meet current code requirements and features encapsulated flotation. One of the standout features is the expansive 636 sq ft elevated covered porch, an incredible space for entertaining, relaxing, or simply enjoying lake breezes and peaceful views. The home also includes a sturdy 690 sq ft attached carport, offering covered parking for vehicles or a boat. The backyard is enhanced by mature trees that provide privacy and shade, along with 3 storage sheds ideal for tools, lake gear, or hobbies. Two sheds are equipped with electricity, and one includes a window unit and has been used as a workshop. Harbor Point Subdivision offers outstanding amenities, including a community swimming pool, boat dock, boat launch, RV dump station, and trash dumpsters. The area is also rich in wildlife, with abundant deer and a serene natural setting that makes every day feel like a retreat. A peaceful weekend getaway or a full-time lakefront residence, this property offers a rare opportunity to own a special piece of Lake Brownwood living. Schedule your private tour today!

Investor Tools

Property Icon
$211,330
Estimated Property Value
$0Estimated Mortgage Balance
$211,330Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,268 /month
Positive
Cash Flow Estimate:
$423 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$157/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$822
$211,330
2025
$38,030
$173,300
$211,330
No

Tax History

Year
Tax Paid
Assessed Value
2025
$822
$211,330

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$211,330
100%
0%
$0/mo

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: May

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3940 Lake Shore Dr | Property Details | No Agent List