Casey Wendell

7850 County Road 551

Brownwood, TX
$ 369,000 Beds 3 Baths 1 Sq 1,152 Virtual Tour
Monthly Estimate* How much can I afford?

This waterfront lake house offers a great mix of personal use and investment potential. Currently operating as an active, high-performing short-term rental, this 3-bedroom, 1-bath property gives a buyer the option to continue using it as a successful STR or turn it into a comfortable full-time home or weekend place for the family. The house has a bright, easy layout with open living and dining areas, a functional kitchen, and comfortable bedrooms that work well for guests, kids, or everyday living. The interior has been updated and is set up to be both welcoming and practical. Outside is where this property really stands out. There’s a large covered back porch that gives you plenty of space to sit, relax, and enjoy the lake views, plus a hot tub that makes it even better after a long day on the water. The yard is shaded by mature trees and has plenty of room to spread out, entertain, or just enjoy being outside. Down at the water, there’s a private dock for boating, fishing, swimming, or just sitting by the lake. There’s also a separate covered area near the shoreline that could be used as a dance floor, lounge space, or gathering area depending on how you want to use it. A 1-car garage adds extra storage for lake gear, tools, or parking. Whether someone wants a property they can keep running as-is for short-term rental income or a lake house they can make their own for family use, this one gives them that flexibility. It’s a solid waterfront property with a lot to offer. The setting is peaceful and inviting, with mature trees, open green space, and multiple places to gather, relax, and enjoy the water. Properties like this don’t come along often, especially ones that can work equally well as an income-producing rental and a personal lake retreat. It’s the kind of place where buyers can step in and use it right away, while still having room to make it their own over time. $2500 credit towards closing costs being offered with approved offer!

Active

  • Price
  • $ 369,000
  • City
  • Brownwood
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • BROWN
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.5 Acres
  • Zip
  • 76801
  • Sqr Footage
  • 1,152
  • Year Built
  • 1992
  • Taxes
  • $ 3300
  • Style
  • Single Family Residence
  • MLS#
  • 21245732
Listed By: Turnkey Realty LLC
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Heating Central
Cooling Ceiling Fan(s),Central Air
Utilities All Weather Road,Co-op Water,Electricity Connected,Septic
Possession Closing/Funding
Roof Shingle
Appliances Dishwasher,Electric Range,Refrigerator
Easements Utilities,Other
Number of Garage Spaces 1
School District Bangs ISD
Exclusions Personal property
Year Built 1992
Levels One
Unexempt Taxes 3300
Will Subdivide Subdivided
Property Subtype Single Family Residence
Subdivision Name Shady Shores
Transaction Type For Sale
Occupant Type Tenant
Carport Spaces 2
County Brown
Property Type Residential
Construction Materials Brick,Wood
HOA Type None
Special Notes Aerial Photo,Flood Plain
Full Baths 1
Status Active
Directions From Hwy 279 at Corinas restaurant,turn west on CR 551 and follow it to the address on the right
City Brownwood
Elementary School Name J B Stephens
High School Bangs
Elementary School J B Stephens
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21245732
Standard Status Active
Listing Terms 1031 Exchange,Cash,Conventional,FHA,USDA Loan,VA Loan

Interior Features

Interior Features Decorative Lighting,High Speed Internet Available
Fireplace Features Dining Room,Freestanding
Fireplaces Total 1
Dining Areas 1
Living Areas 1
Room Count 3
Lock Box Type Combo
Total Bedrooms 3
Total Baths 1
Laundry Features Full Size W/D Area

Exterior Features

Waterfront Yes
Lot Features Few Trees
Other Structures Garage(s),Gazebo
Parking Features Carport,Driveway,Garage
WaterFront Features Dock – Covered,Lake Front,Lake Front – Main Body
Lot Size .5 to < 1 Acre
Covered Spaces 3
Foundation Slab
Lot Size Area 0.5000
Lot Size Units Acres
Structural Style Lake House
Garage Y/N Yes
Lot Size Square Feet 21780.0000
Lot Size Acres 0.5000
Patio And Porch Features Covered
Attached Garage Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Waco, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School J B Stephens Elementary School
Middle School Unknown Middle School
High School

Price History

4/21/2026 Listed $369,000

Property vs Zip Code Average in 76801

Price
AVG $490K
$370K
Taxes
AVG $4,345
$3,300
Year Built
AVG 1988
1992
Visits
AVG 151
340
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

7850 County Road 551 Brownwood, TX is a Single Family Home for sale at $369000 with 1152 sqft and a lot size of 0.5 Acres Acre(s). 7850 County Road 551 Brownwood has 3 bedrooms, 1 baths and was built in 1992. The property's zip code is 76801 which is in Brownwood, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Casey Wendell

Casey Wendell

REALTOR®

254-722-2089

By pressing Contact Me, you agree that Weichert® may contact you via phone about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our Privacy Policy