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$391,000

NAL Estimated Property Value

700 5th Street, Marble Falls, TX, 78654

Off MarketInfo
Baths1,214 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$295.72 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Refrigerator, Washer
FlooringHardwood, Tile, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size8,398 sqft

Building Information

Year Built1950
Garage Spaces2

Land Information

APN28408
Lot Number10,A
SubdivisionMarble Falls City
Land UseResidential
Legal DescriptionS6130 MARBLE FALLS CITY LOT 10-A BLK 15
Census Tract960701
Assessed Land Value$75,600
Assessed Improvement Value$229,400
Assessment Year2025

About this property

Welcome to The Red Door Cottage, a beautifully restored 1950 gem located in the heart of downtown Marble Falls, just one block from Main Street’s shops, restaurants, and the iconic Blue Bonnet Cafe. Zoned both Residential and Commercial, this charming property offers endless possibilities ideal as a full-time residence, short-term rental, boutique, or office space. Completely remodeled in 2020, this 2-bedroom, 1-bath cottage was taken down to the studs and rebuilt with timeless finishes and modern systems, including a new roof, HVAC, plumbing, electrical, and appliances. The renovation preserved its historic charm with refinished original hardwood floors, the signature refurbished red front door, and a custom restored pocket door. The living room features reclaimed wood wall paneling and an inviting layout that flows into the stunning kitchen, complete with a large marble island, generous storage, and updated fixtures. The spacious bathroom offers a walk-in shower and contemporary finishes, complementing two comfortable bedrooms with ample closet space. Outdoors, the welcoming covered front porch provides the perfect spot to relax and enjoy morning coffee under the shade of mature trees. The covered back porch offers a cozy seating area ideal for outdoor dining or evening gatherings. The home sits on a shaded, oversized corner lot with a fenced backyard, offering room to expand or simply enjoy the quiet, peaceful surroundings. Formerly a highly rated Airbnb known as “The Red Door Cottage,” this property has a proven rental history and an unbeatable location which is peaceful yet just steps away from dining, shopping, and entertainment. Whether you envision a boutique storefront, professional office, or charming short-term rental, The Red Door Cottage combines style, comfort, and flexibility in one of Marble Falls’ most desirable downtown settings. *An adjacent lot is also available for sale, providing even more opportunity for expansion or additional development.*

Investor Tools

Property Icon
$391,000
Estimated Property Value
$218,780Estimated Mortgage Balance
$172,220Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,346 /month
Positive
Cash Flow Estimate:
$782 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$583/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,046
$305,000
2025
$75,600
$229,400
$305,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,046
$305,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Option One Mortgage Corp
Unknown
$95,000
No
First
Jan 3, 2007
Jan 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$218,780
$172,220
44%
56%
$1,620/mo

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: Marble Falls

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700 5th Street | Property Details | No Agent List