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$1,110,000

480 Melbourne Trail, Possum Kingdom Lake, TX, 76449

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,595 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$305.7 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringWood

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Rain Gutters
Lot Size14,462 sqft

Building Information

Year Built2021
Garage Spaces2

Land Information

APN110252695
Lot Number190
SubdivisionCliffs Phase Viii
Land UseResidential
Legal DescriptionCLIFFS PHASE VIII LOT 190 G#C0250-08-00000-190-00-0
Census Tract000200
Assessed Land Value$43,650
Assessed Improvement Value$871,230
Assessment Year2025

About this property

FLASH SALE SPECIAL PRICE THRU JULY 10, 2022 $1,099,000.00 in The Cliffs Resort! New Modern Masterpiece boasting Cutting Edge design with comfortable living in mind. Upper Master suite with sleek private bath, separate tub and shower. Upper Laundry for convenience. This New construction features many standard upgrades, including party pool and outdoor living space with all of the luxuries you would expect in a full time residence or weekend escape. Rooftop observation deck for taking in the stars and blue lake views of Neeleys Slough on beautiful Possum Kingdom. All within the amenity rich Cliffs Resort. Nearly to completion - don't wait this gorgeous property comes complete with all the amenities the Cliffs resort has to offer!

Investor Tools

Property Icon
$1,110,000
Estimated Property Value
$0Estimated Mortgage Balance
$361,854Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,660 /month
Positive
Cash Flow Estimate:
$2,220 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,338/month
$1,300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,512
$914,880
2025
$43,650
$871,230
$914,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,512
$914,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$802,400
No
First
Sep 8, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$748,146
$361,854
32%
67%
$3,854/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: Possum Kingdom Lake

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480 Melbourne Trail | Property Details | No Agent List