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$1,832,000

NAL Estimated Property Value

640 Diamond Point Dr, Oak Point, TX, 75068

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths5,087 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$363.67 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Dishwasher, Gas Range, Convection Oven, Vented Exhaust Fan, Water Softener
FlooringStone, Wood

Exterior

Exterior FeaturesAwning(s), Balcony, Gray Water System, Lighting, Outdoor Grill, Private Entrance, Private Yard
Lot Size1.87 acres

Building Information

Year Built1998
Stories2
Roof Type105
Garage Spaces4

Land Information

APNR170164
Lot Number89
SubdivisionEmerald Sound At Lake Lewisville
Land UseResidential
Legal DescriptionEMERALD SOUND AT LAKE LEWISVILLE LOT 89
Census Tract020131
Assessed Land Value$655,554
Assessed Improvement Value$506,747
Assessment Year2025

About this property

Contractor refresh completed and fabulous price improvement! Nestled on 1.87 acres in the coveted community of Emerald Sound, this exceptional lakefront home rests on one of the highest peninsulas of Lake Lewisville, offering sweeping, unobstructed views and picture perfect sunsets paint the sky each evening. Peaceful and private, surrounded by natural beauty that makes lakeside living so special. The breathtaking elevated vantage point and shimmering water views create a sense of serenity that’s hard to match. Crafted with remarkable quality, this home was built to stand the test of time. A 50-year standing seam metal roof, stone exterior, 2x6 exterior walls, firewalls throughout, and total foam insulation ensure lasting strength and exceptional energy efficiency. Comfort flows through every space with hydronic in-floor heating across six zones, a sound-insulated primary suite, and two high-efficiency Swiss fireplaces with heatalators. The home is supported by impressive infrastructure, including fiber optic, CAT-5, and dual coax wiring, solar panels, a 250’ well with pump house, water softener, 1,000-gallon buried propane tank and additional 500-gallon tank. A 3-zone AC system, boiler-fed hot water with dual 50-gallon tanks, add heat to the garage for comfort year-round. Additional features include a 2X12 basement-storm shelter, 3 concealed safe spaces, stone walkway, 30x40 workshop, extra parking, oversized garage with turntable for easy vehicle maneuvering. The grounds are adorned with native Texas plants—beautyberry, vitex, coral honeysuckle, yuccas, rock rose, spring daffodils, bringing seasonal color and charm. Kayak, paddle board or just sit back and breath in the stunning lake views. Experience the charm of this tranquil neighborhood with wildlife sightings, community events, and safe streets for walking, biking, and jogging. A rare opportunity to enjoy lakefront luxury, and tranquility in one of Lake Lewisville’s most beautiful and sought-after settings.

Investor Tools

Property Icon
$1,832,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,832,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,100 /month
Positive
Cash Flow Estimate:
$3,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,243/month
$240/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,761
$1,162,301
2025
$655,554
$506,747
$1,162,301
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,761
$1,162,301

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,800,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$240/mo
+$2,630/mo
1.9%

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: Oak Point

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640 Diamond Point Dr | Property Details | No Agent List