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$610,000

506 Dragon, Lakeway, TX, 78734

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,620 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.16 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesFree-Standing Range
FlooringCarpet, Laminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size18,953 sqft

Building Information

Year Built1967
Stories1
Roof Type112
Garage Spaces2

Land Information

APN01418014040000
Lot Number288
SubdivisionLakeway Sec 2
Land UseResidential
Legal DescriptionLOT 288 LAKEWAY SEC 2
Census Tract033100
Assessed Land Value$305,422
Assessed Improvement Value$223,416
Assessment Year2025

About this property

This charming ranch style home offers 3 bedrooms and 3 full bathrooms. There are two primary suites, one upstairs and one downstairs. This 2,591 square foot home offers a spacious living room with a fireplace, a sun room, and a breakfast area that has views of the greenbelt. 506 Dragon is located in the highly sought after neighborhood of Lakeway and Lake Travis ISD schools.

Investor Tools

Property Icon
$610,000
Estimated Property Value
$224,852Estimated Mortgage Balance
$357,610Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,660 /month
Positive
Cash Flow Estimate:
$1,220 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$766/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,137
$528,838
2025
$305,422
$223,416
$528,838
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,137
$528,838

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Fha
$224,852
Yes
First
Sep 6, 2012
Oct 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$253,736
$364,264
58%
42%
$1,103/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$1,103/mo
+$1,777/mo
5.7%

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: Lakeway

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506 Dragon | Property Details | No Agent List