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$1,699,000

281 Cedar Mountain Drive, Marble Falls, TX, 78654

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths5 Bath
Baths5,293 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$320.99 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDouble Oven, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Multiple Water Heaters, Some Commercial Grade, Tankless Water Heater, Vented Exhaust Fan, Wine Refrigerator, Washer, Some Electric Appliances, Built In Oven, Cooktop, Microwave, Water Softener Owned
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Enclosed Porch, Gas Grill, Lighting, Outdoor Grill, Outdoor Kitchen, Other, Porch, Private Yard, Rain Gutters, Security Lighting, Storage, See Remarks, Fire Pit
Lot Size3 acres

Building Information

Year Built2018
Garage Spaces5

Land Information

APNR83161
Lot Number141
SubdivisionSummit Springs Ranch
Land UseResidential
Legal DescriptionSUMMIT SPRINGS RANCH, LOT 141, ACRES 3.0
Census Tract950102
Assessed Land Value$78,017
Assessed Improvement Value$1,606,589
Assessment Year2025

About this property

Situated on 3 acres in gated Summit Springs, this stunning Hill Country estate offers 4 bedrooms, 4.5 bathrooms, a private guest casita, and panoramic countryside views. Designed for luxury living and entertaining, the home features knotty alder cabinetry, cedar doors, leathered granite countertops throughout, multiple living and dining areas, and a double-sided gas fireplace. The gourmet kitchen showcases a Red Dragon granite island seating six, Viking appliances, a native stone farmhouse sink, and a butler's pantry with a second dishwasher. Entertain in the wine room, game room with pool table and custom pecan bar, or tiered media room with 145-inch screen and surround sound. The primary suite offers a private veranda, heated bathroom floors, soaking tub, and custom closet with built-in his-and-hers chests of drawers. Connected to the main home by a covered veranda, the one-bedroom casita features its own kitchen, living area, private entrance, and provisions for a future elevator. Expansive sliding glass doors open to approximately 1,500 sq ft of covered verandas overlooking the heated gunite pool, waterfall, and spa. Outdoor entertaining includes a full kitchen, Kamado smoker grill, veranda gas fireplace, poolside gas fire pit, and electric blinds, all framed by Hill Country views. Additional amenities include a 14 kW solar system, 11-zone energy system, Control4 smart home automation, indoor and outdoor sound, RV garage with electric hookups, climate-controlled workshop with half bath, and storage building. A metal roof, stone and stucco exterior, landscaped grounds, and Blackbuck wildlife tax exemption complete this exceptional property.

Investor Tools

$1,106,416Estimated Mortgage Balance
$578,190Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,194 /month
Positive
Cash Flow Estimate:
$3,398 /month

Interested in this property?

Kayla Runge

eXp Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,214/month
$899/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,142
$1,684,606
2025
$78,017
$1,606,589
$1,840,000
No

Tax History

Year
Tax Paid
Assessed Value
2026
$18,142
$1,684,606

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Morgan Stanley Private Bank Na
Conventional
$1,280,000
No
First
Dec 24, 2019
Jan 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,106,416
$578,190
34%
66%
$7,675/mo

City: Marble Falls

281 Cedar Mountain Drive | Property Details | No Agent List