602 Golden Beach Drive, Buchanan Dam, Tx main
602 Golden Beach Drive, Buchanan Dam, Tx two
602 Golden Beach Drive, Buchanan Dam, Tx three
602 Golden Beach Drive, Buchanan Dam, Tx four
602 Golden Beach Drive, Buchanan Dam, Tx five

Finely Appointed Lake Home

4 available shares

adjust possible shares to see calculations for more or less people

$1,250,000

target home price

$312,500

cost per share

$2,853 / mo

monthly cost

CASH AT CLOSING PER SHARE
Down Payment
$62,500
Closing Cost
$18,750
Reserve Fund Deposit
$9,375
Total Cash at Closing
$90,625
Co-own this home
Details
2 bedrooms | 2 bath | 1,827 sqft

Absolutely unbelievable Lake Buchanan waterfront home on two lots, with a large private beach for ultimate lake enjoyment. A meticulously maintained two-bedroom with breathtaking views from almost any room, two beautifully appointed baths, huge great room and a custom kitchen. The home boasts custom tile and hardwood floors, beautifully crafted cabinetry, upscale appliances and a fireplace! This home was originally built as a three bedroom, but was modified to make room for a music area, could easily be a three bedroom again with the simple addition of one wall. Professionally landscaped the grounds are absolutely stunning with huge oaks, shaded walkways and stone flower beds – there’s even a built-in sprinkler system. There is a private fishing dock, a sundeck, attached three car garage, plenty of storage and a parking/storage area for even the largest of RVs. This property is the ultimate in finely appointed lake homes – come experience lake living at its finest!

I'm interested
House Usage
  • 4 shares total
  • 13 weeks a year per share
Amenities
This home includes:
  • Dock
  • Fire place
  • Waterfront
About the Agent

Katie Boswell,

Jesse James Real Estate

Katie has lived in the Texas Hill Country for over 20 years. She graduated from Llano High School and attended Sul Ross State University where she double majored and graduated with two Bachelor degrees. She is married and is the mother of two amazing boys, aged 8 and 16.Katie is committed to providing her clients with the best possible real estate experience and will respect your time and your interests. Katie’s knowledge of the community and local activities makes her a great asset to our team.Her first priority is YOU and making sure that you are 100% pleased with your sale or your purchase of your dream home.

Calculated Costs per Share

Finely Appointed Lake Home
602 Golden Beach Drive, Buchanan Dam, TX
CASH AT CLOSING PER SHARE
Down Payment
$62,500
Closing Cost
$18,750
Reserve Fund Deposit
$9,375
Total Cash at Closing
$90,625

This is an estimate of the amount of cash needed when closing on the purchase of a property financed with a 30 year Mortgage at 8.0% interest rate.

Plum’s estimate includes 20% of the value of the house as a down payment, 6% of the value of the house for closing costs (including Plum’s Group Success Fee) and 3% of the value of the house for the initial reserve fund.

ESTIMATED MONTHLY EXPENSES PER SHARE
Mortgage Payment
$1,834
Insurance/Taxes
$339
Repairs
$260
Maintenance
$260
Utilities
$103
Cleaning
$56
Total Expenses
$2,853
This total is an estimate of all the expected costs associated with owning a vacation home with a Plum certified ownership agreement.
Location, type of house, changes in interest rates and utilities can all change and affect the monthly cost throughout the term of ownership.
ESTIMATED MONTHLY INCOME PER SHARE
Monthly Income
$3,125
Total Monthly Income
$3,125

A good threshold for rental property investment is the 1% Rule (source). It states that you should only invest in rental property if you are reasonably confident that the property can rent for 1% of the sale price per month.

We’ve included that assumption here. It is critical that the group validate pricing, rental history, and future rental projections of any specific property before proceeding with a purchase. You can explore rental incomes of any property with this free estimation tool at Rabbu.com.

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