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$1,170,000

NAL Estimated Property Value

400 W Waters Edge Way, Oak Point, TX, 75068

Off MarketInfo
Beds3 Beds
Baths5 Bath
Baths3,688 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$352.22 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Convection Oven, Double Oven, Tankless Water Heater
FlooringCarpet, Ceramic Tile, Wood, Stone

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Gas Grill, Lighting, Outdoor Grill
Lot Size36,599 sqft

Building Information

Year Built2019
Stories1
Roof Type105
Garage Spaces4

Land Information

APNR529105
Lot Number14R
SubdivisionThe Gates At Waters Edge Ph 2
Land UseResidential
Legal DescriptionTHE GATES AT WATERS EDGE PH 2 BLK B LOT 14R
Census Tract020115
Assessed Land Value$268,414
Assessed Improvement Value$713,754
Assessment Year2025

About this property

Prestigious one-story ranch on .86-acre sprawling lot in coveted Gates at Waters Edge community. Enjoy peace of mind in this gated community w lake access, a community pool, near Dallas Corinthian Yacht Club. This exquisitely designed custom features hand-stained wood throughout. Main living area has large stone fireplace & ample natural light, opening to the dining & stunning gourmet kitchen, showcasing upgrades at every turn. Experience casual elegance in chef's kitchen, equipped w commercial-grade appliances, gas cooktop, dual pantries, luxury quartzite countertops, & dimensional tile backsplash. The enormous outdoor kitchen, breakfast, and living areas overlook a backyard oasis w resort-style pool & spa, wooded grounds, and a firepit area. Huge media room & half bath upstairs are perfect for kids. Primary suite offers backyard views, luxurious bath, large closet, & laundry room. Secondary spacious bedrooms all have ensuite bathrooms. An extra-long driveway leads to a 3-car garage.

Investor Tools

Property Icon
$1,170,000
Estimated Property Value
$569,067Estimated Mortgage Balance
$600,933Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,794 /month
Positive
Cash Flow Estimate:
$2,598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,204/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,595
$845,881
2025
$268,414
$713,754
$982,168
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,595
$845,881

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Building Or Construction Loan
$668,701
No
First
Dec 28, 2018
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$569,067
$600,933
51%
49%
$4,010/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$5,210/mo
$-2,340/mo
2.9%

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: Oak Point

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400 W Waters Edge Way | Property Details | No Agent List