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$2,300,000

704 Palisades Drive, Gordonville, TX, 76245

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths3 Bath
Baths4,832 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$475.99 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Range, Ice Maker, Microwave, Double Oven, Other, Water Softener

Exterior

Lot Size22,390 sqft

Building Information

Year Built2023
Garage Spaces6

Land Information

APN015 8220001
Lot Number22R
SubdivisionPalisades Addn Phase V Replat Lt 22 & 23
Land UseResidential
Legal DescriptionPALISADES ADDN PHASE V REPLAT LT 22 & 23 BLK A, BLOCK A, LOT 22R, ACRES .514
Census Tract000304
Assessed Land Value$131,440
Assessed Improvement Value$1,335,511
Assessment Year2025

About this property

urnkey Lakefront Retreat at Rock Creek Resort on Lake Texoma. Situated on a premier double lot backing to protected Corps of Engineers land, this custom-built home offers exceptional privacy, unobstructed natural views, and the peace of mind that the landscape behind you will remain untouched. Designed for entertaining, the home features 5 bedrooms, 3 full baths, and an incredible bunk room with four full beds and built in reading lamps, providing ample space for family and guests. The spacious primary suite serves as a private retreat with direct patio access and a luxurious spa-inspired wet room featuring a glass-enclosed steam shower and sauna, oversized rain head, and separate Jacuzzi soaking tub. The expansive game room is built for gathering, complete with a built-in bar, TV lounge area, and plenty of space for gaming tables and activities. Soaring beamed ceilings, Taj Mahal stone finishes, and two fireplaces add warmth and character throughout the home. Outdoor living takes center stage with a massive covered back porch featuring a fireplace, built-in grill, flat top grill, sink, TV, and motorized shades, creating the ultimate space for entertaining. A separate fire pit gathering area provides the perfect setting for evenings under the stars. The oversized double lot offers ample room to add a future resort-style pool. Two oversized two-car garages with attic storage provide abundant space for boats, golf carts, and lake toys. Residents enjoy gated security, a Jack Nicklaus-designed golf course, clubhouse amenities, and one of the most sought-after lifestyles on Lake Texoma. Why spend years designing, building, and furnishing a lake house when this one is ready to enjoy today? Thoughtfully designed, beautifully finished, and completely move-in ready, this is a rare opportunity to skip the construction process and start making memories at the lake immediately.

Investor Tools

Property Icon
$1,466,951
Estimated Property Value
$0Estimated Mortgage Balance
$193,706Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,800 /month
Positive
Cash Flow Estimate:
$4,600 /month

Interested in this property?

Carrie Himel

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,505/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,731
$1,466,951
2025
$131,440
$1,335,511
$1,466,951
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,731
$1,466,951

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$1,336,000
No
First
Nov 20, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,273,245
$193,706
13%
87%
$8,010/mo

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: Gordonville

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704 Palisades Drive | Property Details | No Agent List