Market Research Report: 261 Water Crest Drive

Background

261 Water Crest Drive is a residential property located in Pipe Creek, Texas. The property is situated on a 10,018 square foot lot and features a single-family home built in 1987, encompassing 1,200 square feet of living space. The home offers a wrap-around porch and a large side sun deck, providing nearly 180-degree views of Medina Lake. Recent updates include fresh paint, granite countertops, new flooring, and bathroom renovations. The roof was replaced recently, and two new air conditioning units were installed. Additionally, two large carports are available for vehicle or boat storage.

Financials and Funding

As of the latest available data, the property has an estimated market value of $259,700, with an estimated rent of $1,546 per month. The property tax assessment for 2024 was $229,090, reflecting a 36.2% increase from the previous year. The property taxes for 2024 amounted to $3,079, a 236.3% increase from 2023.

Technological Platform and Innovation

The property has undergone several technological and structural enhancements, including the installation of new air conditioning units and a recently replaced roof. These improvements contribute to the property's energy efficiency and overall appeal.

Operational Insights

The property is situated in a region with a growing interest in waterfront properties, particularly those offering expansive views and modern amenities. The recent increases in property taxes and assessments may indicate a rising demand and property value appreciation in the area. The property's proximity to Medina Lake enhances its appeal to potential buyers and renters seeking waterfront living experiences.

Contact Information

For more information or inquiries about 261 Water Crest Drive, please refer to the listing on Zillow.