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1601 County Road 489

Description

Welcome to your Lake Sam Rayburn Waterfront Retreat! This is a rare income-producing waterfront oasis with endless expansion potential! Situated on nearly 5 acres with ~175 feet of direct waterfront featuring 2 near identical 562 sq.ft. 2 bedroom, 1 bath waterfront cabins. This retreat is RV Ready: Three existing RV hookups on-site. The essential infrastructure is done for you with a commercial septic system and city water connected. You will have the ultimate freedom to let your mind free with NO HOA & No Deed Restrictions. There's room for future development & investment opportunities. Build your dream home. Construct a private lakefront estate while the existing cabins cover expenses. The ample acreage allows for additional cabins, luxury glamping setups, or an expanded RV park. Whether you are searching for a high-yield investment, a private family compound, or a long-term development project, properties with this level of flexibility & waterfront access rarely hit the market.

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MLS#
30674908
List Price
$689,000 ($613/Sqft.)
Listing Status
Sold
Address
1601 County Road 489
City
State
TX
Zip Code
Subdivision
POLK
Legal Description
A-451 L B POLK P 2
Property Type
Multi-Family - Multiple Detached Dw
Stories
1
Year Built
2022 / Appraisal
Building Size
1,124 Sqft/Appraisal
Lot Size
201,509 Sqft./Appraisal District
Key Map©
1

Exterior

Lot Description
Cleared,Water View,Waterfront
Roof
Composition
Water Amenity
Lakefront

Extra details you may need to know

Unit Feature
Patio
List Type
Exclusive Right to Sell/Lease

Interior

Dishwasher
Yes
Heating
Other Heating
Cooling
Other Cooling
Floors
Wood
Energy Feature
Ceiling Fans

Financial information

Financing Considered
Cash Sale,Conventional,Owner Financing
Maintenance Fee
No
Other Fees
No
Taxes w/o Exemp
$2,566/2025
Tax Rate
1.3623

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Assigned schools

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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Property Map

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Estimated Monthly Payments

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Loan Term
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Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Small Real Estate Group, LLC Office Location

440 Louisiana Street, Ste 900, Houston, TX 77002
Small Real Estate Group, LLC, is a Texas real estate firm, located at 440 Louisiana Street, Ste 900, Houston, TX 77002. Small Real Estate Group, LLC provides a wide range of real estate services. Consumers continue to find value in having a real estate professional help them through the home buying and selling process. The range of services the real estate professionals provide is proving ever more valuable in real estate transactions (financing twists and sales contract intricacies). Please view Small Real Estate Group, LLC current listings, or sold listings.

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