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A+
NoAgentList RatingHow are grades calculated? Info

$349,900

6516 Shoreline Drive, Little Elm, TX, 75068

$454,870 ARVInfo
Off MarketInfo
Beds6 Beds
Baths4 Bath
Baths3,049 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$114.76 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListARV FlipHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Gas Cooktop
FlooringCarpet, Slate, Wood

Exterior

Lot Size1.01 acres

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces3

Land Information

APNR182699
Lot Number122
SubdivisionSunrise Bay At Lake Lewisville
Land UseResidential
Legal DescriptionSUNRISE BAY AT LAKE LEWISVILLE BLK 1 LOT 122
Census Tract020115
Assessed Land Value$263,976
Assessed Improvement Value$371,024
Assessment Year2025

About this property

Over 3000sf 6 bedroom 3car garage with tons of potential. Home features slate and hardwood flooring downstairs, Raised ceilings and a rounded staircase with volume ceilings, study and formal dining. Kitchen boasts gas cooktop, lots of cabinets, walk in pantry and island. Breakfast shares double sided fireplace to family room which both overlook treed back yard area. Master suite shows style with jetted soaking tub, tru walk in shower, his and hers vanities, and a huge walk in closet w secret room. Upstairs are 5 more bedrooms 2 of which lead to an oversized covered balcony. This home will need a makeover but all the potential is there and priced to reflect. Home sold as is.

Investor Tools

Property Icon
$764,000
Estimated Property Value
$0Estimated Mortgage Balance
$514,570Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$454,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,584 /month
Positive
Cash Flow Estimate:
$1,528 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,154/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,029
$628,099
2025
$263,976
$371,024
$635,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,029
$628,099

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Mortgage Advisers Inc
Conventional
$291,125
No
First
Mar 22, 2019
Apr 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$249,430
$514,570
67%
33%
$1,746/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,750/mo
$1,996/mo
+$1,754/mo
5.9%

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.

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: Little Elm

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