ActiveResidential · sale

806 Misty Downs

Granite Shoals, TX 78654

$2,700,000

  • 4 beds
  • 3 baths
  • 3,626 sq ft
  • 0.21 acres
  • Built 1970

Listed by Compass RE Texas, LLC · MLS #ACT3760882

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

The open-concept design flows seamlessly onto the deck—ideal for entertaining or simply relaxing and taking in the scenery.

Year built

Built in 1970.

Garage parking

3 garage spaces listed.

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

THE PROPERTY

Get to know the property.

Experience unforgettable waterfront living at this one-of-a-kind retreat in Granite Shoals. Perfectly positioned on a deep-water cove with a private dock and boat lift, this exceptional property offers stunning sunset views and the ultimate lakefront lifestyle. Framed by a magnificent 150-year-old oak tree, the front of the home welcomes you with charm and presence from the moment you arrive.
Inside, soaring ceilings, a chef’s kitchen with white quartz, a cozy fireplace, and a dramatic wall of windows fill the main living area with natural light while showcasing breathtaking panoramic lake views. The open-concept design flows seamlessly onto the deck—ideal for entertaining or simply relaxing and taking in the scenery.
The primary suite is a true sanctuary, featuring its own fireplace and soaking tub - direct access to the water level, where covered patios, a fire pit, and multiple outdoor entertaining spaces await. Step outside to your resort-style oasis—complete with an exquisite pool, built-in jacuzzi, and multiple televisions on the patio - as well as an additional jacuzzi on the upper deck.
Whether you’re watching the game from the pool spa, floating in the pool, or unwinding in the spa on the deck while overlooking the lake and stars, every detail is designed for elevated outdoor living. The entry level features a bedroom, the 3rd level offers two spacious bedrooms and a full bath, while a large bunk room above the garage provides ample space for guests. With accommodations for up to 22, this home is ideal for multi-generational living or hosting large gatherings.
Offered fully furnished, this property is move-in ready and presents an outstanding investment opportunity. Short-term rentals are legally allowed, so w/no HOA, you have the freedom to maximize its potential. This is more than a home- it’s a lakefront experience.
All parties should consult a professional, such as an architect, to verify any & all information like floor plan & square footage.

THE NEIGHBORHOOD

Explore the location.

806 Misty Downs, Granite Shoals, TX 78654

Loading property map…

Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1970
Full baths
2
Half baths
1
Garage spaces
3
Cooling
Ceiling Fan(s), Central Air, Electric, Multi Units
Heating
Central, Electric, Fireplace(s), Forced Air, Zoned
Appliances
Built-In Electric Oven, Built-In Electric Range, Built-In Oven(s), Built-In Range, Cooktop, Dishwasher, Disposal, Dryer, Electric Cooktop, Microwave, Oven, Electric Oven, Double Oven, Plumbed For Ice Maker, Refrigerator, Free-Standing Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Washer, Washer/Dryer, Electric Water Heater
Flooring
Tile
Fencing
None
Accessibility
None
Pool features
None
Subdivision
Sherwood Downs
Parcel
0771000000023200A
Elementary school
Highland Lake
Middle school
Marble Falls
High school
Marble Falls

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$11,250.00
Cap rate

Annual operating income:

Have ERA review this rental estimate

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.

YOUR CAREER. YOUR NEXT CHAPTER.

Find your place in real estate.

Just getting started?

Explore real estate education and available licensing courses through ARTI Academics.

Become a real estate agent

Ready to work with ERA?

Discover the people, broker support, technology and education behind an ERA real estate career.

Join ERA Brokers

Moving for work?

Explore ERA Corporate Services for relocation assistance, employer programs, and information for veterans and military families.

Explore Corporate Services
Contact ERA about this property

Ask about this property.

806 Misty Downs, Granite Shoals, TX 78654 · MLS #ACT3760882

Your preferred tour

Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

Property inquiries go to help@erabrokers.com.

More in Granite Shoals.

Listing information

MLS #ACT3760882 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Tiffany Grana

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