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$2,002,000

NAL Estimated Property Value

554 Oak Point Drive, May, TX, 76857

Off MarketInfo
Beds6 Beds
Baths5 Bath
Baths4,279 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$432.34 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 5Bathrooms 5
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker, Water Softener, Gas Water Heater
FlooringCarpet, Ceramic Tile, Concrete

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Rain Gutters, Other
Lot Size23,522 sqft

Building Information

Year Built2010
Garage Spaces3

Land Information

APN79660
SubdivisionOak Point Phase Three
Land UseResidential
Legal DescriptionOAK POINT PHASE THREE, LOT 1232, BOAT DOCK #6832, ACRES .54
Census Tract950100
Assessed Land Value$137,070
Assessed Improvement Value$1,556,770
Assessment Year2025

About this property

Fabulous waterfront home on Lake Brownwood. Spectacular views. Custom designed Tuscan style home completely furnished. 6 bedrooms 4 baths, 3 living areas fireplace, gourmet island kitchen,wine room, secluded master suite with walk thru shower and much much more.Partially enclosed outdoor living with remote control electric screens, fireplace, kitchen and half bath will provide endless entertainment for family and friends all year round. Heated in ground infinity pool and spa, sand volleyball court and lounging area.Deep water 30+ ft at custom dock has 2 boat slips with power lifts 2 jet ski ports, upper and lower decks, storage room and slide. Plus 3,200 sq ft barn across the street.Video of property available.

Investor Tools

Property Icon
$2,002,000
Estimated Property Value
$1,079,016Estimated Mortgage Balance
$922,984Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,012 /month
Positive
Cash Flow Estimate:
$4,004 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,556/month
$378/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,662
$1,693,840
2025
$137,070
$1,556,770
$1,693,840
No

Tax History

Year
Tax Paid
Assessed Value
2025
$20,662
$1,693,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$1,200,000
No
First
Feb 11, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,079,016
$922,984
46%
54%
$7,195/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: May

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554 Oak Point Drive | Property Details | No Agent List