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$189,000

4500 Lake Shore Drive, May, TX, 76857

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,064 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$177.63 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher, Gas Range, Gas Water Heater, Refrigerator
FlooringCarpet, Laminate, Linoleum

Exterior

Exterior FeaturesStorage
Lot Size30,292 sqft

Building Information

Year Built1982

Land Information

APN41249
Lot Number160,161
SubdivisionHarbor Point Section I
Land UseResidential
Legal DescriptionHARBOR POINT SECTION I, LOT 160-161, MH LABEL # TEX0206604
Census Tract950100
Assessed Land Value$90,890
Assessed Improvement Value$66,960
Assessment Year2025

About this property

Welcome to your Lake Brownwood escape! Located at 4500 Lake Shore Drive, this charming lake home offers the perfect blend of relaxation, space, and opportunity. Featuring 2 bedrooms, 2 bathrooms, plus an office that could easily serve as additional sleeping space, this property is ready for weekend getaways, full-time living, or a little lake life retreat. Sitting on two spacious lots, this property provides room to spread out and enjoy everything lake living has to offer. The additional space includes a large workshop, storage building, circular driveway, and two separate 2-car carports — providing plenty of room for vehicles, boats, lake toys, and hobbies. Inside, each bedroom features its own private bathroom, offering comfort and convenience for family and guests. The home has been well-loved and remains mostly original, with some updated flooring already in place. With a little TLC and fresh flooring, this property has the potential to truly shine. All kitchen appliances are included, making it easy to move right in and start enjoying your new lake lifestyle. One of the standout features is the large metal roof that extends over the entire home and covers the massive back deck. Step outside and take in beautiful views of Lake Brownwood while relaxing, entertaining, or enjoying quiet evenings by the water. The second lot adds even more possibilities — whether you envision adding another residence, creating an RV pad, expanding your outdoor space, or simply enjoying the extra privacy. Opportunities like this are hard to find at this price point! With low annual HOA dues, residents enjoy added perks including free trash service, access to the community boat dock, boat ramp, and swimming pool. Whether you’re looking for a peaceful permanent home or the perfect weekend getaway, 4500 Lake Shore Drive is a rare opportunity to own a piece of Lake Brownwood living.

Investor Tools

$0Estimated Mortgage Balance
$191,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,146 /month
Positive
Cash Flow Estimate:
$382 /month

Interested in this property?

Justin Riggan

KWSynergy

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$121/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$503
$157,850
2025
$90,890
$66,960
$157,850
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2025
$503
$157,850

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$191,000
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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4500 Lake Shore Drive | Property Details | No Agent List