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$1,329,000

741 Covered Bridge Dr, Driftwood, TX, 78619

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,565 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$443.2 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOven, Convection Oven, Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Exhaust Fan, Gas Cooktop, Microwave, Plumbed For Ice Maker, Stainless Steel Appliance(s), Vented Exhaust Fan, Water Heater, Water Purifier, Water Purifier Owned, Water Softener, Water Softener Owned, Wine Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBarbecue, Gas Grill, Private Yard
Lot Size1.89 acres

Building Information

Year Built2012
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR119214
Lot Number10
SubdivisionThe Preserve At La Ventana Phase Two
Land UseResidential
Legal DescriptionTHE PRESERVE AT LA VENTANA PHASE TWO, LOT 10, ACRES 1.89 TAX CODES:RSP,SWI
Census Tract010812
Assessed Land Value$287,800
Assessed Improvement Value$988,922
Assessment Year2025

About this property

Welcome to the epitome of luxury living in the heart of the Texas Hill Country. The magnificent home offers a private oasis on a 1.89-acre lot that is backed by scenic ranch land, providing the utmost privacy and stunning Hill Country views. As you approach the entrance, you will be greeted by majestic longhorns and a grand entrance, setting the stage for the luxurious experience to come. Stepping inside the home, you will be welcomed by an open and spacious floor plan that is perfect for family gatherings and entertaining. The natural light, beautiful hardwood floors, and high ceilings create an inviting ambiance throughout the home. The kitchen is a chef's dream, featuring high-end Wolf cooktop, granite counters, and ample storage space. The recent updates including new paint, +- 45K roof, central AC system, spray foam insulation and more. The property offers four spacious bedrooms and three and a half bathrooms, including a lavish master suite that features a spa-like bathroom and an abundance of closet space. The over-sized three-car side entry garage has plenty of storage. For the ultimate movie night experience, head to the media room, complete with a massive 135" movie screen and automated blackout shades. With the included high-quality audio-visual equipment, you can enjoy your favorite films on your first night in your new home. When it comes time to relax, the backyard provides the perfect place to unwind. With a negative edge pool featuring fountains, a Hot Tub/Spa, and breathtaking Hill Country views, you can enjoy the ultimate in luxury outdoor living. This is a rare opportunity to experience luxurious living in a stunning Hill Country setting. With an array of rare neighborhood amenities, that include a driving range, tennis courts, gyms, pools, spa and more this property is truly one of a kind. Don't miss the chance to make this exquisite property your own and experience the best of both worlds.

Investor Tools

Property Icon
$1,329,000
Estimated Property Value
$300,000Estimated Mortgage Balance
$854,247Estimated Equity
77% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,480 /month
Positive
Cash Flow Estimate:
$3,160 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,267/month
$110/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,555
$1,276,722
2025
$287,800
$988,922
$1,276,722
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,555
$1,276,722

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$300,000
No
First
Jul 10, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$475,555
$803,445
62%
36%
$2,999/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,490/mo
$3,109/mo
$-619/mo
2.2%

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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741 Covered Bridge Dr | Property Details | No Agent List