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$742,000

705 Bay Hill Drive, Possum Kingdom Lake, TX, 76449

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,197 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.06 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Electric Range, Ice Maker, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesBalcony, Private Yard
Lot Size10,498 sqft

Building Information

Year Built1995
Garage Spaces2

Land Information

APN110242270
Lot Number128
SubdivisionCliffs Phase I
Land UseResidential
Legal DescriptionCLIFFS PHASE I LOT 128 G#C0250-01-01280-000-00-0
Census Tract000200
Assessed Land Value$32,180
Assessed Improvement Value$512,030
Assessment Year2025

About this property

Tranquility awaits. This attractive and functional home offers great privacy in a peaceful setting. Good looking 2 story w ample space for friends and family. Lower level living, comfortably appointed, boasts vaulted ceilings, handsome stone fireplace and gorgeous wood look tile. Open kitchen dining area is bright and meticulously kept. Beautiful granite, tons of cabinet space and access to private patio. Large utility w sink. Upper area Master suite amply sized w sitting area, large walk in closet and en suite bath. Flex room for office or additional bdrm. Generous balcony for star gazing or enjoying the lake views. Fabulous valley view from the front patio- you can see for miles! Furnished and ready to enjoy

Investor Tools

Property Icon
$742,000
Estimated Property Value
$0Estimated Mortgage Balance
$429,717Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,452 /month
Positive
Cash Flow Estimate:
$1,484 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$669/month
$1,050/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,313
$544,210
2025
$32,180
$512,030
$544,210
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,313
$544,210

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$351,500
No
First
Aug 28, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$312,283
$429,717
57%
42%
$2,108/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.

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: Possum Kingdom Lake

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705 Bay Hill Drive | Property Details | No Agent List