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$599,900

515 Kiowa Drive W, Lake Kiowa, TX, 76240

$779,870 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,700 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$222.19 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size18,265 sqft

Building Information

Year Built1991
Roof Type105
Garage Spaces4

Land Information

APN11130
Lot Number345
SubdivisionLake Kiowa Map 6
Land UseResidential
Legal DescriptionLAKE KIOWA MAP 6; LOT 345
Census Tract000701
Assessed Land Value$543,190
Assessed Improvement Value$584,950
Assessment Year2025

About this property

Move in and enjoy living on the lake today in this completely remodeled lake house. This furnished lake front home has a spectacular view of the lake that looks across the golf course and main body of the lake. Watch the sunrise from your large back deck with entrance from the master suite. The master suite has a beautiful view, spacious closet, dual vanity and a custom tile shower. Some other great features include 2 living areas, spectacular open kitchen, home office and a large 3 car AC & Heated garage. Another great feature is a cozy breezeway between the house and garage that’s great for enjoying the shade. Don't miss out on this one and see it today.

Investor Tools

Property Icon
$1,128,140
Estimated Property Value
$0Estimated Mortgage Balance
$718,440Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$779,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,769 /month
Positive
Cash Flow Estimate:
$2,256 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,683/month
$273/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,554
$1,128,140
2025
$543,190
$584,950
$1,128,140
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$14,554
$1,128,140

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$464,000
No
First
May 22, 2020
Jun 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$409,700
$718,440
63%
36%
$2,782/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,753/mo
$3,055/mo
$-1,302/mo
1.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Lake Kiowa

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515 Kiowa Drive W | Property Details | No Agent List