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$5,250,000

582 Windy Point Drive, Mount Vernon, TX, 75457

On MarketInfo
Beds7 Beds
Baths9 Bath
Baths6,130 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$856.44 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms 9Bathrooms 9
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Water Heater, Gas Range, Ice Maker, Microwave
FlooringLaminate, Tile

Exterior

Exterior FeaturesBalcony, Fire Pit, Outdoor Grill
Lot Size1.08 acres

Building Information

Year Built1984

Land Information

APN02502-00013-00087-000000
Lot Number86-87
SubdivisionTall Tree
Land UseResidential
Legal DescriptionAB 134 J DACON LT86&87 BLK 13 SEC 3 TALL TREE LOT 86R PC 274B LEASEHOLD
Census Tract950101
Assessed Land Value$653,130
Assessed Improvement Value$1,584,630
Assessment Year2025

About this property

PREMIER WATERFRONT ESTATE ON BEAUTIFUL LAKE CYPRESS SPRINGS Discover one of the most extraordinary waterfront properties on Lake Cypress Springs, offering a premier location, breathtaking sunset views, and 1.08 acres of beautifully landscaped grounds. This magnificent custom built estate boasts approximately 6,160 square feet of luxury living space, thoughtfully designed for entertaining, relaxation, and creating unforgettable memories with family and friends. The home features seven spacious en suite bedrooms and a total of nine bathrooms, providing exceptional comfort and privacy for guests. The open-concept design includes three generous living areas, a gourmet kitchen equipped with premium Fulgor and KitchenAid appliances, a wet bar, two laundry rooms, and three stunning stone fireplaces that add warmth and character throughout the home. A walkout basement offers additional living and recreation space, making this property ideal for large gatherings and multi generational living. Outdoor living is equally impressive with two levels of expansive decking, a fully equipped outdoor cooking station, and a beautifully designed firepit area overlooking the lake. Whether hosting a crowd or enjoying a quiet evening, the outdoor spaces are designed to maximize the spectacular waterfront setting. Adding to the property's appeal is a detached 440-square-foot guest house or game room complete with a full bath, offering flexibility for guests, recreation, or a private retreat. At the shoreline, the impressive 2,240-square-foot boathouse is a lake lover's dream, featuring three boat lifts, a double jet ski lift, and abundant lounging space for enjoying the water and panoramic views. Additional amenities include a whole-home generator, extensive recent updates, and meticulously maintained landscaping. Most furnishings will convey with the sale, and all watercraft may be purchased separately.Experience the beauty, comfort, and lifestyle that make this property one of the finest!

Investor Tools

$1,230,983Estimated Mortgage Balance
$1,391,017Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$31,500 /month
Positive
Cash Flow Estimate:
$10,500 /month

Interested in this property?

Pamela Swanner

Coldwell Banker Lakehaven, REA

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,486/month
$540/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$28,726
$2,237,760
2025
$653,130
$1,584,630
$2,237,760
No

Tax History

Year
Tax Paid
Assessed Value
2025
$28,726
$2,237,760

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Inwood National Bank
N/A
$780,000
N/A
First
Apr 29, 2010
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,230,983
$1,391,017
53%
47%
$11,872/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.

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: Mount Vernon

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582 Windy Point Drive | Property Details | No Agent List