1view

$499,900

500 Panama Court, Granbury, TX, 76048

$503,614 ARV

Off Market

3 Beds

2 Bath

1,980 Sq Ft

Single Family Residence

$252.47 / sqft

Built in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms 2

Garage Available

AppliancesDishwasher, Electric Cooktop, Electric Oven

FlooringCarpet, Ceramic Tile, Linoleum

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1977

Stories1

Garage Spaces2

Land Information

APN15040.001.0021.0

Lot Number21

SubdivisionThe Shores

Land UseResidential

Legal DescriptionLOT: 21 BLK: 1 SUBD: THE SHORES

Census Tract160206

Assessed Land Value$255,000

Assessed Improvement Value$227,060

Assessment Year2025

About this property

HIGHEST & BEST BY 5 PM Monday 9-26-2022. INCREDIBLE WATERFRONT OPPORTUNITY! Located in the heart of Granbury on some of the most sought after water frontage Lake Granbury has to offer, you are minutes from shopping, entertainment, hospitals & the Historic Downtown Square. With 133 feet of water frontage and views that will take your breath away, you will be amazed at all the friends you didn't know you had next 4th of July because this home has ring side seats to the annual fireworks display. Older home has been lovingly maintained and will update beautifully, the spacious living room features a vaulted ceiling with wooden beam and brick fireplace, and the large sunroom boasts large windows for HUGE views of the lake. 3 bedrooms, 2 bathrooms and so much potential, this one will not last long. NO CITY TAXES! VRBO Potential! Adjacent mainbody waterfront lot is just under a half acre with approximately 179 feet of lake frontage and can be purchased with the home for additional $525K.

Investor Tools

$514,000

Estimated Property Value

$0Estimated Mortgage Balance

$131,753Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$503,613

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,084 /month

Positive

Cash Flow Estimate:

$1,028 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$696/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,781

$482,060

2025

$255,000

$227,060

$482,060

Tax History

Year

Tax Paid

Assessed Value

2025

$5,781

$482,060

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Apire Financial Inc

Conventional

$408,750

First

Nov 15, 2022

Dec 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$382,247

$131,753

25%

74%

$2,451/mo

Learn About the Market: Opportunity in Texas

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 This Area