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$1,495,000

282 North Bay, Bullard, TX, 75757

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths4 Bath
Baths3,455 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$432.71 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Electric Cooktop, Disposal, Refrigerator, Washer, Wine Cooler
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Boat Slip, Deck, Dock, Fire Pit, Misting System, Storage
Lot Size10,372 sqft

Building Information

Year Built2012
Stories1
Roof Type105
Garage Spaces4

Land Information

APN1-80270-0002-00-056000
Lot Number56
SubdivisionEmerald Bay
Land UseResidential
Legal DescriptionEMERALD BAY LOT 56
Census Tract001912
Assessed Land Value$207,810
Assessed Improvement Value$897,768
Assessment Year2025

About this property

Discover luxury waterfront living in this stunning retreat nestled within the distinguished gated community of Emerald Bay on Lake Palestine. Situated on the desirable Saline Bay, this 3 bedroom 3.5 bathroom move-in-ready home has everything you need to make lake life a breeze. The thoughtfully designed layout is perfect for entertaining or guest quarters with a media room and dedicated office. The home boasts a kitchen that is set up for entertaining - new KitchenAid appliances, walk-in pantry, oversized island, and tons of natural light that is open to the living room with a cozy gas fireplace. The spacious primary suite offers private access to the back porch, while the spa-inspired ensuite features double vanities, a soaking tub, and a large walk-in closet. Upstairs, enjoy a private balcony overlooking the beautiful back yard, a media room, and two additional bedrooms, each with its own ensuite bathroom and double vanities—perfect for hosting family and friends. The screened-in back porch provides an additional space for entertaining, relaxing, and taking in the beautiful evening sunsets over the lake. Stepping outside you’ll notice the fenced backyard and boat house that features a private boat lift, two jet ski lifts, storage room, and ample space for lounging and entertaining. Updates throughout the house include: New AC Coil, fresh paint, hot water heater, refinished oak floors, new carpet, new blinds, misting system for pests and more. With its desirable waterfront setting, inviting living spaces, and Emerald Bay Community amenities, this exceptional property offers the ultimate East Texas lake lifestyle!

Investor Tools

$967,380Estimated Mortgage Balance
$138,198Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,970 /month
Positive
Cash Flow Estimate:
$2,990 /month

Interested in this property?

Brad Newberry

Newberry Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,009/month
$406/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,582
$1,105,578
2025
$207,810
$897,768
$1,105,578
No

Tax History

Year
Tax Paid
Assessed Value
2025
$18,582
$1,105,578

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas National Bank Of Jacksonville
Commercial
$1,040,000
No
First
Jan 10, 2023
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$967,380
$138,198
12%
87%
$6,236/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,830/mo
$6,642/mo
$-4,812/mo
2.0%

City: Bullard

282 North Bay | Property Details | No Agent List