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$1,478,000

NAL Estimated Property Value

616 Kiowa Drive E, Gainesville, TX, 76240

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,694 Sq Ft
price_per_sqft$340.86 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Dock, Rain Gutters, Lighting
Lot Size20,255 sqft

Building Information

Year Built1972
Roof Type105
Garage Spaces5

Land Information

APN21994
Lot Number446
SubdivisionLake Kiowa Map 4
Land UseResidential
Legal DescriptionLAKE KIOWA MAP 4; LOT 446
Census Tract000701
Assessed Land Value$529,241
Assessed Improvement Value$673,721
Assessment Year2025

About this property

The lake house of your dreams is here! Spacious, luxurious, thoughtful, and FUN! Recently remodeled, this Lake Kiowa home features and expansive and open kitchen-dining-living space with a wall of windows overlooking the water. The main floor has 3 bedrooms and 2 full bathrooms perfect for family or guests. Above is a 1400+ square foot primary suite that includes a beautiful custom closet, spa like bathroom, sitting area or dressing room, and a balcony perfect for coffee or a nightcap. A walk-out basement level provides an additional living space, bedroom, full bathroom and second laundry area. Multiple outdoor seating areas and a boat dock with boat lift and double jet ski lift plus a seating area round out this perfect lake home. A four car garage provides space for all the lake toys, golf carts, and more. This home will become the gathering place for friends and family for years to come!

Investor Tools

Property Icon
$1,478,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,478,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,600 /month
Positive
Cash Flow Estimate:
$3,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,629/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,157
$1,202,962
2025
$529,241
$673,721
$1,202,962
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$12,157
$1,202,962

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,478,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$325/mo
+$1,095/mo
1.2%

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: Gainesville

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616 Kiowa Drive E | Property Details | No Agent List