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$361,584

NAL Estimated Property Value

4618 Island Bay Dr, Arlington, TX, 76016

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,111 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.64 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Range, Gas Water Heater, Refrigerator, Washer
FlooringCarpet, Ceramic Tile, Combination

Exterior

Lot Size5,489 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN21318-1-5
Lot Number5
SubdivisionIsland At Enchanted Bay, The
Land UseResidential
Legal DescriptionISLAND AT ENCHANTED BAY, THE BLOCK 1 LOT 5
Census Tract121609
Assessed Land Value$55,000
Assessed Improvement Value$306,584
Assessment Year2025

About this property

Welcome to 4618 Island Bay Drive, a beautifully maintained single-story home in the sought-after Island at Enchanted Bay community of Arlington. Set on an elevated lot with high canal views, this 4-bedroom, 2-bath residence offers over 2,100 square feet of bright, open living space designed for comfort, style, and tranquility. From the moment you step inside, you're greeted by expansive windows that frame sweeping water views, filling the home with natural light and a serene lakeside ambiance. The open-concept layout features a spacious living area with a cozy fireplace, a well-appointed kitchen with granite countertops and a dining space ideal for gatherings and everyday living. The primary suite is a private retreat with its large walk-in closet, and a spa-like en-suite bath. Three additional bedrooms offer flexibility for guests, home offices, or growing families. Step outside to a private patio—perfect for morning coffee or relaxing evenings overlooking the peaceful canal. With a two-car garage, low-maintenance landscaping, and a quiet, well-kept neighborhood just steps from Lake Arlington, parks, shopping, and major commuter routes, this home offers the perfect blend of convenience and calm. Whether you're entertaining guests or soaking in sunset views over the water, 4618 Island Bay Drive is your invitation to refined, lakeside living. Call to schedule a showing today!

Investor Tools

Property Icon
$361,584
Estimated Property Value
$0Estimated Mortgage Balance
$361,584Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$258/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,282
$361,584
2025
$55,000
$306,584
$361,584
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,282
$361,584

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$361,584
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,210/mo
$500/mo
+$2,710/mo
10.7%

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: Arlington

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4618 Island Bay Dr | Property Details | No Agent List