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$424,999

$425,000

5221 River Ridge St, Granbury, TX, 76048

On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths1,279 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$332.29 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
AppliancesDisposal, Electric Cooktop, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Tile

Exterior

Exterior FeaturesBoat Slip, Dock

Building Information

Year Built1987
Stories1

Land Information

APN11367.000.0621.0
Lot Number621
SubdivisionCaryon Creek
Land UseResidential
Legal DescriptionLOT: PT 621 SUBD: CANYON CREEK III UN 7
Census Tract160212
Assessed Land Value$85,000
Assessed Improvement Value$315,110
Assessment Year2025

About this property

Motivated Seller!! Bring your best offer and own a piece of paradise before the summer is over. Here is your chance to own LAKEFRONT living at its finest!! Looking for a home right on the lake? This home checks all the boxes. A major highlight of this property is the fully updated private boat dock, featuring a boat lift plus a separate tandem jet ski lift- all upgraded just two years ago with new wood, cover, lift mechanisms and more. (a 23k investment.) Whether you love boating, fishing, kayaking, or simply relaxing by the water, this lakeside setup is ready to enjoy. There is plenty of covered entertaining space on the patio just steps away from the waters edge. This beautiful maintained 2 bedroom, 2 bath lakehouse overlooks the serene waters of Lake Granbury. Wake up to breathtaking sunrises that paint the sky right outside your window and enjoy peaceful evenings on your private dock. This cozy yet spacious home blends comfort and tranquility, offering an ideal escape for weekend getaways or full time lakeside living. The open concept layout provides seemless flow between the living, kitchen and sunroom areas. Downstairs offers an additional BONUS 624 sqft with a large family room and full bath. Perfect for entertaining or quiet evenings at home. Conveniently located close to Glen Rose and downtown Granbury. Canyon Creek is nestled within a private, gated and guarded communtiy offering exceptional amenities and piece of mind. Turn your dream of paradise into reality. Don't miss out! ***With use of sellers preferred lender, buyer may receive up to 1% of the sales price towards closing costs. Some exclusions apply. Reach out for more details. ***

Investor Tools

Property Icon
$441,000
Estimated Property Value
$0Estimated Mortgage Balance
$441,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,646 /month
Positive
Cash Flow Estimate:
$882 /month

Interested in this property?

Kelly Ingram

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$418/month
$154/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,813
$324,760
2025
$85,000
$315,110
$400,110
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,813
$324,760

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$441,000
100%
0%
$0/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: Granbury

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5221 River Ridge St | Property Details | No Agent List