Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Days17Days on Market
Views2view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$1,425,000

400 Windy Point Dr, Mount Vernon, TX, 75457

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,300 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,096.15 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
FlooringTile

Building Information

Year Built1987
Garage Spaces1

Land Information

APN02502-00013-00080-000000
Lot Number80
SubdivisionTall Tree
Land UseResidential
Legal DescriptionAB 134 J DACON LT 80 BLK 13 SEC 3 TALL TREE LEASEHOLD
Census Tract950101
Assessed Land Value$225,000
Assessed Improvement Value$393,260
Assessment Year2025

About this property

A truly once-in-a-lifetime opportunity awaits on Lake Cypress Springs. Properties like this are incredibly rare. Welcome to 400Windy Point Dr in the highly sought-after Tall Tree subdivision, located on one of the most prestigious streets on the entire lake, where many surrounding homes are valued in the millions. This exceptional offering includes two waterfront lots, one improved with an existing lake home and the other vacant and ready for your dream build. As an added bonus, an additional interior lot directly across the street is included, ready for a septic or ideal for a guest cottage. The possibilities are endless.Enjoy the property exactly as it is, build your dream home on the vacant waterfront lot while using the existing home as a guest house, or create an extraordinary estate spanning both waterfront lots. The seller has already had plans drawn for a custom home exceeding 4,000 square feet on the vacant lot, providing an incredible head start for your vision. Together, the waterfront lots offer more than 140 feet of retained shoreline, a two-stall boathouse with storage, and some of the most breathtaking open-water views. The existing home offers 2 bed and 1.5 bath, while the detached garage includes a private guest bedroom and full bath, providing a total of 3 bedrooms and 2.5 bath Inside, you'll find an inviting open-concept floor plan with a spacious living area and a kitchen overlooking the lake, complete with stainless steel appliances, abundat cabinetry, and beautiful water views. The home is being offered fully furnished, with only a few exclusions, making it ready to enjoy from day one. Tall Tree is a premier gated community, offering outstanding amenities including a community pool, sports courts, clubhouse, boat ramps, and more. Rarely does an opportunity arise to own multiple waterfront lots in one of the lake's most coveted locations. The perfect property for a family retreat, an investment, or the perfect site to build a legacy estate

Investor Tools

Property Icon
$545,760
Estimated Property Value
$333,000Estimated Mortgage Balance
$453,035Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,550 /month
Positive
Cash Flow Estimate:
$2,850 /month

Interested in this property?

Nicole Anderson

Anderson Elite Realty

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$811/month
$1,512/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,006
$545,760
2025
$225,000
$393,260
$618,260
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,006
$545,760

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Inwood National Bank
Conventional
$333,000
No
First
Jul 28, 2014
Aug 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$92,725
$453,035
83%
17%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Mount Vernon

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...