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$989,000

88 Wilcox Street, Mount Vernon, TX, 75457

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,370 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$421.52 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop, Microwave, Double Oven, Refrigerator
FlooringWood

Exterior

Exterior FeaturesBoat Slip

Building Information

Year Built2005

Land Information

APN02165-00000-00006-000000
Lot Number6
SubdivisionHoliday Retreat
Land UseResidential
Legal DescriptionAB 84 D COOTS LT 6 R PH 1 HOLIDAY RETREAT LEASEHOLD STRUCTURAL ELEVATION ; 383.395
Census Tract950101
Assessed Land Value$253,760
Assessed Improvement Value$460,600
Assessment Year2025

About this property

Beautiful 4 bedroom, 2 bath waterfront home on Lake Cypress Springs, surrounded by gorgeous landscaping and towering shade trees. This easterly-facing property offers one of the most desirable orientations for lake homeowners, providing peaceful mornings and comfortable, shaded afternoons by the water. Inside, the home features wood floors throughout and an open concept living space with a vaulted tongue and groove wood ceiling, a large rock fireplace and a stunning wall of windows that frame the beautiful lake views. The kitchen is designed for gathering and entertaining, featuring a large island with seating for five, abundant cabinetry, and a spacious walk-in pantry. A generous utility room provides excellent additional storage space. The split master suite offers privacy and comfort, complete with an ensuite bath featuring a large shower, separate vanities, and an oversized walk-in closet. The secondary bedrooms are also spacious, with one easily accommodating four guests. High-speed fiber-optic internet is available, making it easy to stay connected while enjoying lake life. Step outside to the wonderful covered lakeside porch overlooking the main lake. The home is positioned just inside a short, protected cove with good water depth, offering the perfect balance of open water views and calm conditions. The two-stall boathouse features a large storage closet and a spacious deck, while the yard is maintained with a lake pump sprinkler system. A relaxing hot tub overlooks the water, and a whole home generator provides added peace of mind. With no HOA, this property is offered fully furnished and ready to move in and enjoy. Priced to sell!

Investor Tools

Property Icon
$989,000
Estimated Property Value
$0Estimated Mortgage Balance
$989,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,994 /month
Positive
Cash Flow Estimate:
$1,998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,176/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,170
$714,360
2025
$253,760
$460,600
$714,360
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,170
$714,360

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$989,000
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.

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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: Mount Vernon

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88 Wilcox Street | Property Details | No Agent List