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$1,195,000

402 Lake Point Dr, Gordon, TX, 76453

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,379 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$502.31 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesBoat Slip, Dock, Fire Pit, Gas Grill, Rain Gutters, Outdoor Grill
Lot Size25,613 sqft

Building Information

Year Built2000
Garage Spaces2

Land Information

APN158755000
Lot Number16
SubdivisionLove Pp Lake
Land UseResidential
Legal DescriptionLOVE PP LAKE BLK 4 LOT 16 R-5 G#L0650-00-00040-016-R5-0
Census Tract000300
Assessed Land Value$358,580
Assessed Improvement Value$393,730
Assessment Year2025

About this property

Welcome to 402 Lake Point Drive — where Lake Palo Pinto meets Broken Bow VIBES on one of the most prestigious point lots on the lake. This fully furnished lakefront lodge is the definition of turn-key: show up with your groceries and your favorite people or your NEW friends and let the lake do the rest. Perched on the open water with sweeping main body views, this property delivers the kind of sunrises that stop you mid-coffee cup and remind you why you bought a lake house in the first place. Three expansive entertaining decks give you every angle of the water, whether you're hosting a crowd at sunset or enjoying the quiet of the morning. Step down to your private boat dock and you'll find everything already waiting — boat, jet skis, lily pad, paddle board, and life jackets. Not a single thing to buy, rent, or haul. Just hit the water. Inside, the lodge carries that warm, rustic retreat feel — big on character, big on comfort — fully furnished and ready for weekends, holidays, and everything in between. Upstairs, the lodge keeps the good times going long after the sun goes down. Tucked between two large secondary bedrooms, the coziest loft area awaits — complete with two sets of private bunk beds that are practically begging for a sleepover. Whether it's the kids claiming their bunks or the adults refusing to give them up, the upstairs loft is where lake house memories are made. Point lots like this are rare on Lake Palo Pinto, and a package this complete is rarer still. Whether you're chasing the Fourth of July fireworks over the water or a quiet Labor Day weekend with the family, 402 Lake Point is already set up for your best summer yet.

Investor Tools

Property Icon
$849,000
Estimated Property Value
$0Estimated Mortgage Balance
$849,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,170 /month
Positive
Cash Flow Estimate:
$2,390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,422/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,822
$752,310
2025
$358,580
$393,730
$752,310
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,822
$752,310

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$849,000
100%
0%
$0/mo

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: Gordon

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402 Lake Point Dr | Property Details | No Agent List