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$1,782,000

NAL Estimated Property Value

6561 County Road 423, Grandview, TX, 76050

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,350 Sq Ft
price_per_sqft$537.31 / sqft
Year BuiltBuilt in 2013

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Microwave
FlooringCombination, Concrete, Painted/Stained

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock, Rain Gutters, Lighting
Lot Size1 acre

Building Information

Year Built2013
Garage Spaces2

Land Information

APN126.0618.00660
Land UseResidential
Legal DescriptionABST 618 TR 21E1, 21F1 E MELTON 126.0618.00654 AG
Census Tract130502
Assessed Land Value$12,500
Assessed Improvement Value$454,868
Assessment Year2025

About this property

A truly rare opportunity to own one of the most unique waterfront ranch properties in the highly sought-after Grandview area. Set on 23+ ag-exempt acres with exceptional frontage along a large Soil Conservation Service reservoir, this custom estate offers a combination of water, privacy, mature oaks, usable pasture, and quality improvements that is seldom found in Johnson County. A gated entrance with cattle guard welcomes you down a picturesque tree-lined drive to the custom stone and brick residence, thoughtfully positioned to capture breathtaking water views. The property’s defining feature is its extensive shoreline, private dock, and winding stone pathway to the water’s edge, creating a setting that feels more like a private retreat than a traditional ranch property. Whether fishing from the dock, watching wildlife along the shoreline, or enjoying spectacular Texas sunsets across the water, the setting is truly exceptional. Designed for both entertaining and everyday ranch living, the outdoor amenities include a resort-style gunite pool with diving board and sun shelf, natural landscaping, and a cathedral-ceiling screened porch overlooking the water. Inside, the home features vaulted ceilings with decorative wood beams, a private office with built-ins, an oversized utility room with dog wash, and a highly desirable floor plan that includes both the primary suite and a secondary bedroom with private ensuite bath. A private upstairs guest suite with separate access, living area, full bath, and kitchenette provides ideal accommodations for guests, extended family, or multigenerational living. The ranch is fully fenced and livestock-ready with quality pasture, a loafing shed, and an agricultural exemption already in place. Combining exceptional water frontage, recreational appeal, privacy, and a premier location, this is more than a home—it’s a legacy ranch property offering a lifestyle and setting that rarely becomes available in Grandview.

Investor Tools

Property Icon
$1,782,000
Estimated Property Value
$347,692Estimated Mortgage Balance
$1,435,446Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,800 /month
Positive
Cash Flow Estimate:
$3,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,320/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,932
$467,368
2025
$12,500
$454,868
$467,368
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,932
$467,368

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Cowboy Bank Of Texas
Conventional
$406,000
No
First
Dec 5, 2013
Jan 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$347,692
$260,308
42%
20%
$2,886/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,886/mo
$-914/mo
1.3%

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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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: Grandview

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6561 County Road 423 | Property Details | No Agent List