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$650,000

8221 Mountain Dr, Salado, TX, 76571

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,963 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$331.13 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Vinyl, Wood

Exterior

Exterior FeaturesNone
Lot Size2.35 acres

Building Information

Year Built1992
Stories1
Roof Type105
Garage Spaces2

Land Information

APN44675
Lot Number6A
SubdivisionThe Woods Of Salado
Land UseResidential
Legal DescriptionTHE WOODS OF SALADO, BLOCK 006, LOT 006A, ACRES 2.348
Census Tract023404
Assessed Land Value$140,363
Assessed Improvement Value$315,893
Assessment Year2025

About this property

Nestled on over 2 beautifully treed acres in the highly sought-after Woods of Salado, 8221 Mountain Drive offers the perfect blend of privacy, comfort, and versatility. This inviting property features a 3-bedroom, 2-bathroom main home designed for everyday living and entertaining, with spacious living areas and a welcoming atmosphere throughout. A standout feature is the detached 1-bedroom, 1-bath guest house, complete with a full kitchen, making it ideal for extended family, guests, a private home office, rental opportunities, or multigenerational living. Surrounded by the natural beauty and peaceful setting that make the Woods of Salado so desirable, this property provides plenty of room to enjoy the outdoors while remaining just minutes from the charm of downtown Salado, local dining, shopping, and convenient access to I-35. Whether you're looking for extra space, income potential, or simply a serene Hill Country lifestyle, 8221 Mountain Drive is a rare opportunity to own a unique property with endless possibilities.

Investor Tools

Property Icon
$470,000
Estimated Property Value
$218,000Estimated Mortgage Balance
$269,436Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

Interested in this property?

Deborah Beene

Cloud Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$310/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,371
$379,239
2025
$140,363
$315,893
$456,256
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,371
$379,239

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank Central Texas
Unknown
$218,000
No
First
Aug 15, 2008
Aug 2009

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,564
$269,436
57%
43%
$1,956/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$1,956/mo
$-266/mo
4.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Salado

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8221 Mountain Dr | Property Details | No Agent List