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$295,000

500 Lakeshore Terrace, Windom, TX, 75492

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.01 acres

Land Information

APN141593
Lot Number1
Land UseVacant Urban
Legal DescriptionFIVE POINTS SUBDIVISION, LOT 1, ACRES 1.015
Assessed Land Value$185,000
Assessment Year2025

About this property

Prime Interior Waterview Lot in Five Points – Ideal for Investment or Leisure. Lot 1 Lakeshore Terrace offers stunning lake views from both the front and back yard, providing the ultimate lake living experience in Five Points, on Bois d'Arc Lake. Just minutes from the South 1396 Boat Ramp, this property combines convenience and accessibility, making it a rare find under $300K in this rapidly growing area. Located off FM 1396 and US-82, enjoy an easy commute to Bonham, Melissa, Sherman, Paris, and the greater DFW area, making it an excellent choice for both full-time residents and weekend retreats. Short-term rentals are allowed, making this a prime opportunity for investors looking to capitalize on the lake’s increasing popularity. Amenities at Five Points include a clubhouse with putt-putt, a swimming pool, a fitness center, an indoor lounge, observation decks, and a planned marina. Nearby, the upcoming Belle Vie community will bring additional recreational options, retail, an outdoor venue, and a future hotel. Don't miss your chance to secure a spot in one of Texas' most exciting new lake communities! *Buyer to verify all information*

Investor Tools

$143,064Estimated Mortgage Balance
$646,936Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,740 /month
Positive
Cash Flow Estimate:
$1,580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$329/month
$2,400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$185,000
2025
$185,000
N/A
$185,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$185,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Commercial
$147,920
No
First
Jul 25, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$143,064
$646,936
81%
18%
$887/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: Windom

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500 Lakeshore Terrace | Property Details | No Agent List