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$309,000

5253 Paseo Tortuga, Malakoff, TX, 75148

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Exterior FeaturesDock

Land Information

APN3865-0000-1890-60
Lot Number189
SubdivisionPoint La Vista (531)
Land UseResidential
Legal DescriptionLT 189 AB 241 MARCUS GARCIA SUR, POINT LA VISTA LT 189, C/351
Census Tract950903
Assessed Land Value$207,000
Assessed Improvement Value$10,500
Assessment Year2025

About this property

Great waterfront lot on open water with excellent views of Cedar Creek Lake. Steel retaining wall and boat dock with lift already in place. Start enjoying the lake immediately while you build your awesome lakefront retreat. The subdivision boasts a community pool, tennis court, boat ramp and playground.

Investor Tools

Property Icon
$309,000
Estimated Property Value
$162,500Estimated Mortgage Balance
$158,665Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$374/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,947
$217,500
2025
$207,000
$10,500
$217,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,947
$217,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank And Trust Co
Purchase Money Mortgage
$162,500
No
First
May 31, 2022
May 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$150,335
$158,665
51%
49%
$975/mo

Learn About the Market: Opportunity in Texas

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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: Malakoff

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5253 Paseo Tortuga | Property Details | No Agent List