Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$495,000

502 Panama Ct, Granbury, TX, 76048

$643,500 ARVInfo
Off MarketInfo
Baths0 Bath
Baths3,881 Sq Ft
Unimproved LandUnimproved Land
Year BuiltBuilt in 2024

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available

Building Information

Year Built2024
Stories2
Garage Spaces4

Land Information

APN15040.001.0020.0
Lot Number20
SubdivisionThe Shores
Land UseResidential
Legal DescriptionLOT: 20 BLK: 1 SUBD: THE SHORES
Census Tract160206
Assessed Land Value$420,000
Assessed Improvement Value$718,800
Assessment Year2025

About this property

MAINBODY WATERFRONT LOT!!! Location, Location, Location! Waterfront lots like this one do not come available often, and you do not want to miss your opportunity to own and build on Lake Granbury. Situated in The Shores on a wide section of the mainbody of Lake Granbury, this property is in a prime spot for watching the city fireworks and enjoying lakeside sunsets. Smack in the middle of town, but with NO CITY TAXES and at the end of a very private cul-de-sac, it doesn't get much better than this! Come build your dream lake house and live the lake life. Minutes from the Historic Downtown Granbury Square with fine dining and boutique shopping, With 179 feet of waterfrontage, there is plenty of room for a boat dock for your lake toys. Back on the market to due to buyer not being able to obtain financing.

Investor Tools

Property Icon
$1,138,800
Estimated Property Value
$236,250Estimated Mortgage Balance
$914,783Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$643,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,833 /month
Positive
Cash Flow Estimate:
$2,278 /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
$1,613/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,656
$1,138,800
2025
$420,000
$718,800
$1,138,800
No

Tax History

Year
Tax Paid
Assessed Value
2025
$13,656
$1,138,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Purchase Money Mortgage
$236,250
No
First
Jul 19, 2023
Jul 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$224,017
$914,783
80%
20%
$1,417/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Granbury

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

502 Panama Ct | Property Details | No Agent List