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Days88Days on Market
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$209,000

$229,000

505 Red Rose St, Spring Branch, TX, 78070

On MarketInfo
Price DropInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size5.08 acres

Land Information

APN36-0150-0515-00
Lot Number515
SubdivisionMystic Shores 4
Land UseVacant Land
Legal DescriptionMYSTIC SHORES 4, LOT 515
Census Tract310603
Assessed Land Value$185,810
Assessment Year2025

About this property

Coveted 5-acre residential homesite in the prestigious Mystic Shores community, ideally nestled between the scenic Guadalupe River and the north shoreline of Canyon Lake. This lakefront community offers the perfect blend of Hill Country serenity and resort-style amenities. The property features a level building site dotted with mature trees, providing an ideal canvas for your custom home while offering natural beauty and privacy. With ample space to design your dream residence, outdoor living areas, workshop, or additional improvements, this acreage provides both flexibility and tranquility. Residents of Mystic Shores enjoy outstanding amenities including a private boat ramp, two swimming pools, tennis and basketball courts, sand volleyball courts, playgrounds for family fun, scenic walking trails, and picnic areas complete with BBQ pits. Whether you're seeking weekend lake adventures or peaceful evenings under the stars, this community delivers the ultimate Texas Hill Country lifestyle. Build your dream home and enjoy the best of lake living and wide-open space in one of Canyon Lake's most sought-after acreage communities.

Investor Tools

$125,587Estimated Mortgage Balance
$60,223Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,254 /month
Positive
Cash Flow Estimate:
$418 /month

Interested in this property?

Monica Katz

McNabb & Co Real Estate Services

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$312/month
$412/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,821
$185,810
2025
$185,810
N/A
$185,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,821
$185,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security State Bank & Trust
Stand Alone Second / Subordinate Position
$136,500
No
First
Apr 1, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$125,587
$60,223
32%
68%
$819/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.

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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: Spring Branch

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505 Red Rose St | Property Details | No Agent List