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$361,000

$369,000

7870 & 7851 County Road 551, Brownwood, TX, 76801

On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths945 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$382.01 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Range, Microwave, Refrigerator
FlooringVinyl

Exterior

Lot Size16,553 sqft

Building Information

Year Built1960
Garage Spaces1

Land Information

APN43604
Lot Number7,8
SubdivisionL Latham Survey Abstract No
Land UseResidential
Legal DescriptionSHADY SHORES, BLOCK 2, LOT 7, 8, BOAT DOCK #1144, ACRES .38
Census Tract950202
Assessed Land Value$10,260
Assessed Improvement Value$183,620
Assessment Year2025

About this property

TURN-KEY for summer lake life living or short-term rental. Wake up to sweeping, panoramic views of Lake Brownwood in this beautifully updated lakefront retreat designed for both relaxation & entertaining. From the moment you step outside, the private dock with boat slip invites you to enjoy effortless days on the water, sunset views, and unforgettable gatherings right at your doorstep. The main 3 BED, 2 BATH home has been thoughtfully and completely renovated, blending modern finishes with comfortable lake living. Expansive windows capture breathtaking views, filling the space with natural light and showcasing the beauty of the surrounding landscape. Guests will love the detached 216 sq ft, 1 BED, 1 BATH cottage, offering its own full bathroom and a versatile fourth bedroom or private living space—perfect for extended stays, visitors, or even a home office retreat. Majority of the personal property is negotiable and will make this property turn-key to enjoy lake days this summer! This property goes beyond expectations with an oversized garage featuring a dedicated work area and ample storage, plus an additional carport for extra parking and convenience. As an added bonus, the sale includes a separate double lot across the street, already equipped with a septic system—providing incredible potential for future expansion, investment, or additional guest accommodations. Whether you’re looking for a full-time residence, weekend getaway, or investment opportunity, this exceptional lakefront property delivers unmatched views, versatility, and lifestyle. Let's talk today!

Investor Tools

Property Icon
$195,000
Estimated Property Value
$0Estimated Mortgage Balance
$195,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,166 /month
Positive
Cash Flow Estimate:
$722 /month

Interested in this property?

Heidi Andrade

Ann Jones Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$285/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,447
$193,880
2025
$10,260
$183,620
$193,880
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,447
$193,880

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$195,000
100%
0%
$0/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: Brownwood

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7870 & 7851 County Road 551 | Property Details | No Agent List