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$550,000

736 Covered Bridge Dr, Driftwood, TX, 78619

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.59 acres

Land Information

APNR119250
Lot Number46
SubdivisionThe Preserve At La Ventana Phase Two
Land UseResidential
Legal DescriptionTHE PRESERVE AT LA VENTANA PHASE TWO, LOT 46, ACRES 1.59 TAX CODES:RSP,SWI
Census Tract010812
Assessed Land Value$230,000
Assessment Year2025

About this property

736 Covered Bridge is a rare amazing panoramic view lot with a premium cleared level building site that slopes off at the back of the lot making it a perfect place for a negative edge pool. This is the large 1.59 acre lot that you have been looking for that features incredible hill country sunsets/views and a most beautiful building site for your dream home . Bring your own builder or the seller can build you your perfect custom home for this site. Don't miss the opportunity to own this very special lot in the very desirable gated subdivision of La Ventana. The community of La Ventana offers an array of exceptional amenities: gated entrance where you will be greeted by our heard of Longhorns, golf driving range, tennis or pickleball courts, gyms, saunas, putting green, pools, Flat Creek access, BBQ pavilion and a host of unforgettable events at the spacious club house, which features a commercial kitchen for all your entertaining needs and a large covered patio with an impressive 2 story fireplace. Super Low Tax Rate 2024 = 1.455%.

Investor Tools

Property Icon
$567,000
Estimated Property Value
$207,000Estimated Mortgage Balance
$366,796Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,402 /month
Positive
Cash Flow Estimate:
$1,134 /month

Interested in this property?

Stacy Bass

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$752/month
$133/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,188
$230,000
2025
$230,000
N/A
$230,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,188
$230,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Randolph Brooks Fcu
Conventional
$207,000
No
First
Jul 24, 2024
Aug 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,843
$367,157
64%
35%
$1,242/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: Driftwood

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736 Covered Bridge Dr | Property Details | No Agent List