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$1,595,000

7950 E Lakeview Rd, Amarillo, TX, 79118

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,331 Sq Ft
price_per_sqft$478.84 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Dishwasher, Cooktop

Exterior

Lot Size1.66 acres

Building Information

Year Built2007
Roof Type112
Garage Spaces6

Land Information

APNR-065-3280-1803
SubdivisionRiver Falls # 5 Amd
Land UseResidential
Legal DescriptionRIVER FALLS # 5 AMD, BLK 0002, SE PORT OF 4A, 1.6620 ACRES
Census Tract021702
Assessed Land Value$65,000
Assessed Improvement Value$749,418
Assessment Year2025

About this property

Luxury meets peaceful country living in this stunning custom home in River Falls. Situated on a rare 3.5-acre canyon rim estate spanning 2 lots, this property offers unmatched privacy and breathtaking panoramic views. Floor-to-ceiling windows showcase the scenery from the open-concept living, dining, and gourmet kitchen featuring Jatoba Brazilian cherry countertops, a Wolf 6-burner range, and Sub-Zero refrigerator. The private primary suite offers stunning views, patio access, and a spa-inspired bath, while the finished basement is ideal for a home theater. Enjoy gated community amenities including a 500+ acre wildlife refuge, golf course, driving range, stocked fishing ponds, equestrian center, airport, and more. One HVAC has been replaced.

Investor Tools

$530,361Estimated Mortgage Balance
$302,639Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,570 /month
Positive
Cash Flow Estimate:
$3,190 /month

Interested in this property?

Lori Horner Realty Group

Lori Horner Realty Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,269/month
$1,600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,064
$814,418
2025
$65,000
$749,418
$814,418
No

Tax History

Year
Tax Paid
Assessed Value
2018
$11,064
$814,418

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Conventional
$340,920
No
First
Aug 14, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$530,361
$302,639
36%
64%
$3,311/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$4,911/mo
$-3,371/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: Amarillo

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7950 E Lakeview Rd | Property Details | No Agent List