- Henderson County
- Payne Springs TX
- 75156
- Local Area: Del Mar Sub
Property Overview
TURN-KEY CEDAR CREEK LAKE INVESTMENT Rare opportunity to own a fully operational, income-producing waterfront retreat just one hour southeast of Dallas. This established Airbnb has three years of rental history, a 4.74-star guest rating, and Superhost status that transfers to the new owner. Step in and start earning from day one. Set on a huge, flat double lot in the desirable Del Mar subdivision, the property offers two separate dwellings: a 2-bedroom, 1-bath main home with fully equipped kitchen and cozy lake-view living area, plus a detached guest house studio with full bath and kitchenette, perfect for hosting extended family, accommodating larger guest groups, or capturing premium rental rates with private accommodations for up to 12. WATERFRONT FEATURES that set this property apart: private boat dock with lift for effortless launching, a community boat ramp located right next door for unmatched water access, expansive deck with stunning Cedar Creek Lake views, and a tucked-away cove location that delivers the peace and tranquility today's lake buyers are searching for. The double lot provides rare flexibility with room for outdoor entertaining, future expansion, RV or boat storage, or simply unobstructed space to enjoy lake living. Del Mar residents enjoy POA access to a community park, pavilion, and private boat ramp with fishing pier. FURNISHINGS AND BOAT WITH TRAILER NEGOTIABLE! The seller is open to packaging the home as a true lake life turnkey opportunity, including high-end touches already in place (Moccamaster coffee maker, 600 thread count linens, feather duvets, record player, Bluetooth speakers, fully stocked kitchens, family-friendly amenities). Bring your suitcase, take over the booking calendar, and start enjoying immediate cash flow. Cedar Creek is Texas's fourth-largest lake with 320 miles of shoreline, world-class bass and catfish fishing, and easy access via US-175. Showings require advance notice to work around active bookings.
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Property highlights
Year Built 1988
School District Mabank Isd
HOA $250 Annually
Parking 2-car garage, 2 covered
Architecture Detached
Fireplace 1 Fireplaces
Neighborhood Del Mar Sub
Full Property Details
Property Details
Quick Details
- Price $699,950
- Status Active
- Bedrooms 3
- Bathrooms 2
- Square Feet 1,250 Sq Ft
- Lot Size 0.45 acres
- Lot Size Sq Ft 19,428
- Year Built 1988
- Price / Sq Ft $560 / Sq Ft
- MLS # 21278477
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- Property Condition Resale
- County Henderson
- Subdivision Del Mar Sub
- Days on Market 88
Home Details
- Architectural Style Detached
- Stories 1
- Levels One
- Full Baths 2
- Half Baths 0
- Roof Shingle
- Flooring Tile
- Heating Central
- Cooling Central Air
- Property Attached No
Kitchen & Interior
- Appliances Dishwasher, Electric Range, Electric Water Heater, Disposal
- Interior Features Decorative Designer Lighting Fixtures, Double Vanity, High Speed Internet, Kitchen Island, Open Floorplan, Vaulted Ceilings, Natural Woodwork
- Laundry Features Washer Hookup, Dryer Hookup
- Fireplaces 1
- Fireplace Features Living Room, Wood Burning Stove
- Window Features Window Coverings
- Security Features Smoke Detectors
Lot & Exterior
- Lot Features Back Yard, Lawn, Landscaped, Waterfront, Retaining Wall
- Exterior Features Boat Slip, Dock, Rain Gutters
- Patio & Porch Features Deck
- Fencing Back Yard
- Pool No
- Waterfront Features Boat Dock Slip, Lake Front, Waterfront
- View Features Water
Parking
- Parking Additional Parking, Boat, Concrete, Garage, Gravel
- Garage Spaces 2
- Covered Parking 2
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $7,553
- HOA Fee $250 Annually
- HOA Includes Maintenance Grounds
- Community Features Fishing, Lake, Playground, Park, Pickleball
- Parcel Number 25900000362058
- Legal Description LTS 362 & 363 AB 1060 M E RICHARDSON SUR, DEL
- Tax Lot 362
Utilities
- Utilities Electricity Connected, Septic Available, Underground Utilities, Water Available
- Water Public
- Sewer Septic Tank
Schools
- School District Mabank ISD
- Elementary Central — Mabank ISD
- Middle Mabank — Mabank ISD
- High Mabank — Mabank ISD
Listing Information
- Listing Agent Bobby Moats
- Brokerage LPT Realty LLC
- MLS Board NTREIS
- List Date 05/22/2026
- Source Updated 08/18/2026
- Last Updated 08/19/2026
- Virtual Tour View Virtual Tour (PropertyPanorama)
Property Tax & CAD Valuation for 170 Armada Loop
Henderson CAD (Pritchard & Abbott) records for 170 Armada Loop, Payne Springs, TX 75156 show a CAD market value of $435,106 and a net appraised value of $435,106. CAD values are used for property-tax purposes and may differ from the property's current list price or eventual sale price.
TAX INFO FOR NORMAL PEOPLE
A plain-English look at Henderson CAD (Pritchard & Abbott) property-tax and appraisal records for 170 Armada Loop, Payne Springs, TX 75156, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Henderson CAD (Pritchard & Abbott) Property Record
1. CAD Big Picture: Land + Improvements = Market Value
This shows what the CAD market value is made of. Appraisal districts usually separate value between the land and the improvements. Improvements may include the home, garages, shops, patios, pools, decks, storage, and other structures.
Land Value $263,250 + Improvement Value $171,856 = CAD Market Value $435,106
2. Improvement Details: Size, Type & Assessed Value
This is a breakdown of the improvements CAD has listed for the property and the square footage or area connected to those records. CAD improvement records may include the main living area, garages, shops, decks, patios, pools, storage, or other site improvements when available.
LIVING AREA
Value: $70,618 Total Area: 1250 Sqft Living Area: 1250 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| LIVING AREA | LA | 1,250 Sqft |
WOOD DECK
Value: $32,597 Total Area: 577 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| WOOD DECK | WD | 577 Sqft |
STORAGE
Value: $8,135 Total Area: 144 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| STORAGE | SS | 144 Sqft |
GARAGE FREESTANDING
Value: $37,286 Total Area: 660 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| GARAGE FREESTANDING | GF | 660 Sqft |
WOOD DECK
Value: $23,163 Total Area: 410 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| WOOD DECK | WD | 410 Sqft |
PIER
Value: $56 Total Area: 1 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| PIER | PR | 1 Sqft |
3. Current Tax Exemptions & Statutory Limitations
Property tax bills reflect two distinct types of CAD adjustments: local taxing jurisdiction exemptions (which reduce taxable value below appraised value) and statutory appraisal limitations (which limit the annual growth of appraised value itself). Each taxing entity establishes its own exemption amounts and tax rates.
Local taxing jurisdictions reflect taxable value reductions below appraised value. The CAD source did not disclose specific exemption codes.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer’s exemptions and future tax obligations may differ.
4. Value After CAD Reductions
This is where CAD reductions, exemptions, limitations, or special-use valuation may affect the value used for tax calculations.
CAD Market Value $435,106 − All Current CAD Reductions $0 = Current Taxed Starting Point $435,106
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
5. Who Taxes It?
These are the local entities included in the current CAD/tax estimate. A property tax bill can include a city, county, school district, municipal utility district, public improvement district, or other special district. Each entity may use its own taxable value, rate, and exemption treatment.
| Entity | Taxable Value | Rate (per $100) | Est. Tax (No Ex.) | Savings | Est. Tax (Current) |
|---|---|---|---|---|---|
|
Other Entity
HENDERSON CAD |
$435,106 | 0.0000 | $0 | — | $0 |
|
Emergency Services District (ESD)
EMERGENCY SVS DIST #2 |
$435,106 | 0.0538 | $234 | — | $234 |
|
County
HENDERSON CO R&B |
$435,106 | 0.0172 | $75 | — | $75 |
|
County
HENDERSON COUNTY |
$435,106 | 0.2743 | $1,193 | — | $1,193 |
|
County
HENDERSON CO FM-FC |
$435,106 | 0.0400 | $174 | — | $174 |
|
School District
MABANK ISD |
$435,106 | 0.9469 | $4,120 | — | $4,120 |
|
City
CITY OF PAYNE SPRINGS |
$430,106 | 0.2900 | $1,262 | -$15 | $1,247 |
|
Other Entity
TRINITY VALLEY COMM |
$435,106 | 0.1137 | $495 | — | $495 |
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer's exemptions and future tax obligations may differ.
Special District Context
- Emergency Services District (ESD): A special district providing emergency services and fire protection.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $7,553 − Est. Tax Reductions / Savings $15 = Est. Taxes (With Current Exemptions) $7,538
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $15. Estimated taxes without exemptions are calculated by applying each jurisdiction's tax rate to its pre-exemption taxable value. Exemption savings represent the difference between this unexempted estimate and the county's current tax estimate. Taxable values and tax rates vary by jurisdiction. Future taxes depend on buyer qualification and future adopted rates.
7. CAD Values Over Time
YOY Change reflects the change in CAD Market Value from the prior appraisal year. Taxed / Appraised reflects the CAD net appraised value after CAD reductions, or the certified capped appraisal value where jurisdictions differ. Individual taxing units may use different taxable values when exemptions apply.
| Year | Land | Impr. | Market | Taxed / Appraised | YOY Change |
|---|---|---|---|---|---|
| 2021 | $128,800 | $101,064 | $229,864 | $229,864 | -$15,329 / -6.25% |
| 2022 | $263,250 | $139,577 | $402,827 | $402,827 | +$172,963 / +75.25% |
| 2023 | $263,250 | $160,902 | $424,152 | $424,152 | +$21,325 / +5.29% |
| 2024 | $263,250 | $171,711 | $434,961 | $434,961 | +$10,809 / +2.55% |
| 2025 | $263,250 | $171,856 | $435,106 | $435,106 | +$145 / +0.03% |
| 2026 | $263,250 | $171,856 | $435,106 | $435,106 | — |
8. List Price vs CAD Value
The current list price and the county’s CAD market value are not the same thing. CAD market value is used for property-tax context and may lag the open market, reflect prior protests, exemptions, caps, agricultural or special-use treatment, or other appraisal district methods.
How does the list price compare with the CAD value?
CAD values are appraisal-district values used for property-tax purposes and can differ from current asking prices and eventual sale prices.
Current List Price $699,950 − Current CAD Market Value $435,106 = Over CAD Value +$264,844 (+60.9%)
A sale price can become part of the appraisal district’s future evidence. A buyer’s future taxable value and tax bill may change after purchase, especially if exemptions, caps, or special-use valuation change.
For tax planning, buyers should confirm future taxable value, exemptions, and special-use treatment with the appraisal district, tax office, lender, CPA, or other qualified advisor.
LIFE AROUND DEL MAR SUB
A curated look at local favorites, everyday stops, and lifestyle context near this property.