ActiveResidential · sale

644 Cypress

McQueeney, TX 78123

$749,000

  • 3 beds
  • 2 baths
  • 2,000 sq ft
  • 0.53 acres
  • Built 1952

Listed by The Damron Group REALTORS · MLS #ACT3383226

A FEW THINGS TO NOTICE

What stands out.

Living spaces

The living room is anchored by a wood-burning stone fireplace.

Details worth a look

The boathouse features a single boat lift, double jet ski lift, and an upper deck for relaxing, fishing, or enjoying the view.

Year built

Built in 1952.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

SELLER IS MOTIVATED!! Enjoy waterfront living on beautiful Lake Placid with full river access, expansive water views, and endless opportunities for boating, fishing, paddleboarding, or simply relaxing by the water. Whether you're looking for a weekend getaway, full-time residence, or investment property, this waterfront retreat offers the best of lake living. Currently operating as an active short-term rental, the home is also located outside the floodplain, so flood insurance is not required—a rare advantage for waterfront property.
Experience 112 feet of improved Lake Placid frontage in McQueeney. Stone pathways, tiered patios, and multiple seating areas lead to the shoreline. The boathouse features a single boat lift, double jet ski lift, and an upper deck for relaxing, fishing, or enjoying the view. A waterside fire pit, detached two-car garage with workshop, storage building with electricity, and an additional storage building provide plenty of space for lake equipment and outdoor gear.
The renovated mid-century stucco home with a metal roof offers three bedrooms, two baths, and beautiful waterfront views. The kitchen features granite countertops, stainless steel appliances, and a walk-in pantry. The living room is anchored by a wood-burning stone fireplace. The primary suite includes an office area, sliding glass doors to the backyard, and a private bath with a walk-in shower and double vanity.
The home may be purchased fully furnished and decorated, creating a truly turnkey lake retreat or short-term rental opportunity. Owner financing may be available to qualified buyers.
Note - property is also available for longer term lease beginning September for $3,500/month.

THE NEIGHBORHOOD

Explore the location.

644 Cypress, McQueeney, TX 78123

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1952
Full baths
2
Half baths
0
Garage spaces
2
Cooling
Central Air
Heating
Central
Appliances
Dishwasher, Electric Range, Refrigerator, Washer/Dryer, Electric Water Heater
Flooring
Carpet, Tile
Fencing
Chain Link, Partial, Wood
Accessibility
None
Pool features
None
Subdivision
Zipp - Koepsel
Parcel
1G3740000002600000
Elementary school
McQueeney
Middle school
Briesemeister
High school
Seguin
Annual property tax
$12,753.60

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$3,120.83
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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644 Cypress, McQueeney, TX 78123 · MLS #ACT3383226

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Listing information

MLS #ACT3383226 · Austin Board of Realtors

Listing brokerage: The Damron Group REALTORS
Listing agent: Jodi Adams

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.