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Owner Contacts

$775,000

612 Calm Water Cove, Princeton, TX, 75407

Off Market

4 Beds

5 Bath

3,009 Sq Ft

Single Family Residence

$257.56 / sqft

Built in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4

Bathrooms Full 3.5

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Ice Maker, Microwave, Convection Oven, Double Oven, Vented Exhaust Fan

FlooringCarpet

Exterior

Private Pool

Exterior FeaturesDock, Gas Grill, Rain Gutters, Kennel, Lighting, Misting System, Outdoor Grill, Outdoor Kitchen, Storage

Lot Size1.14 acres

Building Information

Year Built2004

Stories1

Garage Spaces5

Land Information

APNR-4402-00B-0260-1

Lot Number26

SubdivisionPrinceton Lakes (Cpn)

Land UseResidential

Legal DescriptionPRINCETON LAKES (CPN), BLK B, LOT 26

Census Tract031006

Assessed Land Value$248,000

Assessed Improvement Value$587,959

Assessment Year2025

About this property

Fabulous custom lakefront property is located in a one-of-a-kind private master-planned water ski community. Are you a waterskier? perfect! If not just relax & enjoy watching the views & competitions! Sprawling 1 story boasts over 3000 sf constructed of AAC Block perimeter walls w high thermal mass to slow thermal energy transfer;reduces heating & cooling costs. Open floor plan & many windows showcase sparkling lake & SALT WATER POOL views! Unique architectural details & mill work. Situated on a 1.14 acre lot, circle driveway & dramatic entry is flanked by 2 garage entrances! (room for 5 or 6 vehicles). Inside find 4 large bdrms & 4.1 bath (one is enclosed pool bath), durable wood look tile & new carpeting. Kitchen features double oven & newer black SS appliances. Custom boat house & lift w new cables & fabulous views & storage! New pool heater & components, new LED pool & spa lights, full home perimeter & fence mosquito misters, spider be gone, automatic insect control system.

Investor Tools

$835,959

Estimated Property Value

$0Estimated Mortgage Balance

$835,959Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,016 /month

Positive

Cash Flow Estimate:

$1,672 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,683/month

$339/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$16,011

$835,959

2025

$248,000

$587,959

$835,959

Tax History

Year

Tax Paid

Assessed Value

2024

$16,011

$835,959

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$835,959

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,810/mo

$339/mo

+$2,471/mo

4.0%

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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