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$384,000

8257 Forest Ridge Dr, Woodway, TX, 76712

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,215 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.14 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Water Heater, Disposal, Microwave
FlooringLaminate, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size20,804 sqft

Building Information

Year Built1965
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480458050642000
Lot Number10
SubdivisionWoodland West
Land UseResidential
Legal DescriptionWOODLAND WEST LOT 10 BLOCK 5 ACRES .4776
Census Tract002503
Assessed Land Value$78,430
Assessed Improvement Value$280,830
Assessment Year2025

About this property

Stunning lake view and the ideal party patio space to enjoy it from in the Hallmark town of Woodway, TX. This spacious 3 bedroom, 2 bath home feels like a vacation from the moment you walk in and take in the view. Two sets of double glass doors frame a large wood burning fireplace and look out over Lake Waco and the tree filled hills. The rest of the home would feel like a mere bonus if the view wasn't just as lovely from multiple other rooms. The great room is an open concept living/dining with a multipurpose space off the kitchen, perfect for a home workspace or additional seating area. The eat in kitchen features an oversized picture window in the breakfast area, in addition to the large windows so you can enjoy the view while doing the dishes. 3 large bedrooms include a primary suite with 4 separate closets and once again, a stunning view. The roof, gutters, and paint throughout were all recently refreshed allowing for immediate enjoyment of this luxurious view. All this for an affordable price and conveniently located near desirable businesses, new restaurants, the Arboretum, and so much more!

Investor Tools

Property Icon
$384,000
Estimated Property Value
$225,300Estimated Mortgage Balance
$163,344Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$538/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,539
$359,260
2025
$78,430
$280,830
$359,260
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,539
$359,260

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$225,300
No
First
Mar 7, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$220,656
$163,344
42%
57%
$1,351/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$1,351/mo
+$119/mo
4.6%

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: Woodway

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8257 Forest Ridge Dr | Property Details | No Agent List