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515 Lakeview Ln, Somerville, TX, 77879

2beds
2baths
1,080sqft
$289,000
$268price/sqft
$2,141/moest. monthly cost
$85,640/yrincome needed

About This Home

Tucked inside the trees on Lakeview Ln in Somerville, this one of a kind waterfront retreat backs directly to a quiet neighborhood pond and delivers the kind of lifestyle buyers dream about. An oversized private pier stretches out over the water, perfect for fishing, morning coffee, or long afternoons doing absolutely nothing. The screen in, covered back porch frames both sunrise and sunset views, giving you front row seats to nature and the deer every single day. Inside, the home offers two bedrooms and two full baths and comes fully furnished, making it move in ready or turnkey for short term rental use. Whether you are looking for a weekend escape, a full time residence, or an income producing property, this one checks every box. Situated on three lots totaling approximately .74 acres, the property offers privacy and room to enjoy the outdoors.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

4/10
2/10
Somerville High SchoolGrades 8-126.7 mi
6/10

Construction

Condition

  • Year built: 2022

Materials

  • Foundation: Block & Beam
  • Roof: Metal
  • Construction materials: Aluminum Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Electric

Interior Area

  • Total structure area: 1,080
  • Total interior livable area: 1,080 sqft

Kitchen

  • Features: Kitchen Island

Property

Details

  • Parcel number: 24356

Features

  • Stories: 1
  • On waterfront: Yes
  • Waterfront features: Pond

Lot

  • Lot size: 0.74 Acres
  • Features: Cleared,Waterfront,1/2 Up to 1 Acre

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Ice Storm
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Texas Counties

Flood
Hurricane
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,461$17,532
Home Insurance *$169$2,028
Property Taxes $273$3,276
Electricity $238$2,859
Total$2,141$25,692
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$73,405/yr
40% on housing$64,230/yr
45% on housing$57,093/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.3%
2.3%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -3.0%
-3.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$268This listing

vs Other Active Listings

Avg $/sqft

ZIP 77879$127
Burleson County$287

vs Homes Sold Last Month

Median $/sqft

ZIP 77879$183
Burleson County$160

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-25Price change$299,900
2026-01-29Listed for sale$310,000
2025-11-26Listing removed$299,900
2025-09-12Price change$299,900
2025-07-23Price change$325,000
2025-06-26Listed for sale$350,000
2023-11-29Listing removed--
2023-09-04Listed for sale$325,000

For Sale by Agent

AgentKristen Orostieta
BrokerageOro Realty

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