For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Palo Pinto 76449
1181 Scenic Drive
$1,800,000
● House - Off Market

1181 Scenic Drive

Graford, TX 76449
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,835 Ft²
$1,745,225
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Create lifelong memories at this beautiful fully furnished lake home in the Harbor.  This cabin has every indulgence of rustic luxury steps away from a stocked pond.  The inside is a spacious open concept design for seamless living and entertaining.  5 bedrooms that each have their own bath and a flex room that could be used as a sixth bedroom with bath or game room.  Covered porches of over 1200 sq ft with an outdoor kitchen takes entertaining and family gatherings to a whole new level.  This house is inside the Harbor community which boasts some of the richest amenities in Possum Kingdom.  2 pools, fitness center, spa services, stocked ponds, water features, tennis courts, volleyball, and community activities for everyone.  This is a special cabin in the Harbor owned by the original owners.  It is a must see!
Unit Size
3,835 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$456
Property Type
House
Property Taxes
$1,770
HOA Dues
$567
Year Built
2012

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #20369230)

Price History

Date / Event Date Event Price
Jul 21, 2023 Sold
Premium
Sold
Jun 26, 2023 Listed by Century 21 Mike Bowman, Inc. $1,750,000
Listed by Century 21 Mike Bowman, Inc.

Property Highlights

Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 545
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,002
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,815
  • Gross Building Area: 3,815
  • Building Area: 3,815
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,815
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILL COUNTRY HARBOR
  • Land Acres: 0000000551
  • Standard Land Use Code: 1001
  • County Land Use Code: A
  • Legal Description 1: HILL COUNTRY HARBOR PH 1 BLK B LT 15R-1 G#HCH00-01-00B00-015-R0-0

Neighborhood

  • School District Name: Mineral Wells Independent School District
  • School Tax School District: GRI HPD WSD1
  • Census Tract: 000100

Geography

  • Account Number: R000034468
  • Subdivision Phase Number: 1
  • Parcel: 136775570
  • Block: B
  • Lot: 15R-1
  • Municipality: GRAFORD
  • Latitude: 32.8835
  • Longitude: -98.4375

    Address

  • Full Address: 1181 Scenic Dr
  • Address - House Number: 1181
  • Address - Street Name: Scenic
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 5557
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,941,956
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 73
  • Final Value: 1,515,842
  • High Value: 1,812,233
  • Low Value: 1,219,451

    Market Valuation

  • Market Total Value: $1,040,660
  • Market Land Value: $102,010
  • Market Improvement Value: $938,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,040,660
  • Assessed Land Value: $102,010
  • Assessed Improvements Value: $938,650

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 25, 2012
  • Current Sale Recording Date: Jan 30, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2012-00000619
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Palo Pinto

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$223

Below Asking

0.03%

Average Days on Market

84

Average Home Size

2203 ft²

Average Home Age

-

Currently For Sale

294 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Grant May, Century 21 Mike Bowman, Inc.
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20369230
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1181 Scenic Drive built and last sold?
The property at 1181 Scenic Drive was built in 2012 and last sold on Jan 25, 2012 for $965,600.
How much is this home worth?
The estimated value of the home located at 1181 Scenic Drive is $1,767,500.
What are some comparable homes to 1181 Scenic Drive?
There are currently no comparable homes to 1181 Scenic Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Graford Homes for Sale
Graford Houses for Sale
Graford Condos for Sale
Graford Townhouses for Sale
Graford Land for Sale
Graford Commercial for Sale
Graford Homes with Basements
Graford Homes with Pools
Nearby Cities
Weatherford Homes for Sale
Azle Homes for Sale
Mineral Wells Homes for Sale
Briar Homes for Sale
Decatur Homes for Sale
Graham Homes for Sale
Aledo Homes for Sale
Runaway Bay Homes for Sale
Nearby Property Records
Palo Pinto County, TX Property Records
Jack County, TX Property Records
Parker County, TX Property Records
Stephens County, TX Property Records
Young County, TX Property Records
Wise County, TX Property Records
Hood County, TX Property Records
Eastland County, TX Property Records
Neighborhoods
Lake Crest Park Real Estate
Old Cobweb Park Real Estate
Nearby Counties
Springtown-Reno Homes for Sale
Weatherford Homes for Sale
Weatherford Southeast Homes for Sale
Bridgeport Homes for Sale
Boyd-Rhome Homes for Sale
Weatherford Northwest Homes for Sale
Mineral Wells Homes for Sale
Strawn-Gordon Homes for Sale
Top Real Estate Agents
Top Agents in Graford
Top Agents in Springtown-Reno
Top Agents in Weatherford
Top Agents in Weatherford Southeast
Top Agents in 76087
Top Agents in 76020
Top Agents in Weatherford
Top Agents in 76008