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$1,406,000

NAL Estimated Property Value

460 Melbourne Trail, Possum Kingdom Lake, TX, 76449

Off MarketInfo
Baths3,632 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$382.71 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

AppliancesDishwasher, Disposal, Dryer, Microwave, Double Oven, Refrigerator, Washer, Wine Cooler
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesBuilt-in Barbecue, Fire Pit, Gas Grill, Outdoor Grill, Outdoor Kitchen
Lot Size28,575 sqft

Building Information

Year Built2021
Garage Spaces3

Land Information

APN110252685
Lot Number188
SubdivisionCliffs Phase Viii
Land UseResidential
Legal DescriptionCLIFFS PHASE VIII LOT 187R G#C0250-08-00000-187-R0-0
Census Tract000200
Assessed Land Value$105,730
Assessed Improvement Value$865,470
Assessment Year2025

About this property

STUNNING 3632 sqft, 4bd,4ba, FURNISHED CUSTOM LAKE HOME on 2 LOTS in the Exclusive Amenity Rich CLIFFS RESORT on PK Lake with Golf Course, Pro Shop, Restaurant, Marina, Community Pool, Fitness Center, Tennis Courts and Playground. This 2023 Open Concept Design, Build Home, Features a Gourmet Kitchen with Stainless Appliances, Quartz Counters, Island, and Dining area, Living Room with Gas Fireplace & Wet Bar, All with Majestic Tall Ceilings, and Picture Windows throughout, enhancing the Natural Light of the rooms, with Patio Doors that open out to the Outdoor Living Center for Grilling, Dining, Entertaining, Relaxing and Watching Sports & Movies Poolside. The Primary Bedroom & Bath are conveniently located on the Main Floor with Walk In Closet, as are 1 Guest Bedroom and 2 Laundry Rooms. Then on the 2nd Level, there are 2 more Guest Bedrooms with Loft Living Room, Media Area that can serve as a 5th Bedroom as well. Outside the Heated Gunite Pool, Spa Combo and Covered Patio areas, have Lovely Rustic Views and Privacy since the Sellers also bought the additional adjacent Lot next door, plus there's a Fire Pit for those cool Lake nights, for making Smore's and gazing at the Amazing Tx Starry Nights and Spectacular Sunset Colors. Poolside there is also an Outdoor Kitchen with Traeger and Blackstone Grills, Dining table and chairs set up, and 2 Mounted TV's. This is PK Resort Lake Living at it's Finest. There is also a 2 Car Garage, and 1 Golf Cart, ATV Garage for Storage, and the Marina is located just down the road, for Lake Access and Sandy Beach Fun. Also Famous Hell's Gate is located just around the Corner on the Lake as well. Don't miss this Fabulous MUST SEE Lake Home.

Investor Tools

Property Icon
$1,406,000
Estimated Property Value
$406,345Estimated Mortgage Balance
$999,655Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,436 /month
Positive
Cash Flow Estimate:
$2,812 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,617/month
$1,300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,372
$971,200
2025
$105,730
$865,470
$971,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,372
$971,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Conventional
$430,000
No
First
Jun 9, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$406,345
$999,655
71%
29%
$2,579/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.

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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: Possum Kingdom Lake

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460 Melbourne Trail | Property Details | No Agent List