Seclusion and incredible views from every window of this 3 bedroom, 2.5 bath home sitting on 10+ acres. Inviting and open concept floor plan with wall of windows showing off the beautiful hill country. The first floor holds a half bath, formal dining, breakfast area, island with bar seating, large utility room with lots of work space, abundance of custom cabinetry in and outside of kitchen area, decorative lighting, gas fireplace and quality finishes through out. Main suite has walk in shower with bench, double sinks, jetted tub and spacious closet. Upstairs you will find a stunning view from the large picture window in second living space or office, wet bar & small fridge, two bedrooms and a spacious bathroom with dual sinks and shower. Nice landscaping, small animal coup, stg bldg, horse barn with alley, water & electric to barn. Fenced pasture & pond for your large animals. Enjoy all the amenities Mountain Lakes Ranch offers, 2 private Lakes, pool, clubhouse & RV stg & more.
Single-familyProperty Type
2003Year Built
10.04 acresLot Size
$292Est. Price/Sq.Ft.
2 car garageParking
Listed by PAULA DONAHO• DONAHO REAL ESTATE GROUP
Contact: 254-595-0066
Bought with TRIGG MOORE• MOORE HOME AND RANCH, LLC
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Earn from this home
Rent
$3,103/mo
Redfin rental estimate
List your home for rent
Market trends in 76433, TX
Last updated September 2026
Buyer's Market
Seller's Market
Balanced market
Sale-to-list price
98.0%
+0.1% MoM
Median sale price
$510K
$25K MoM
Avg. days on market
35d
15 days MoM
Recently sold homes
10
4 MoM
Provided by Redfin
Sale history for 4880 Compass Way
Date
Event
Price
Public Records
Jun 27, 2023
Sold
*
NTREIS #20302101
Jun 27, 2023
Sold
*
Jun 24, 2023
Pending
—
May 24, 2023
Contingent
—
May 1, 2023
Listed
$689,000
$272/sq ft
Public Records
Jun 27, 2016
Sold
*
NTREIS #13355130
Jun 24, 2016
Sold
*
Jun 16, 2016
Pending
—
Jun 15, 2016
Relisted
—
May 27, 2016
Pending
—
Apr 12, 2016
Listed
$349,900
$138/sq ft
Seclusion with incredible view from every window of this 3 bedroom 2.5 bath home on 10+ acres. Inviting open concept floor plan, formal dining, second living area, breakfast area, spacious bar, huge utility, custom cabinetry, decorative lighting, gas fireplace and quality finishes throughout. Master suite has walk in shower with bench, double sinks, relaxing jetted tub and spacious closet. Impeccable landscaping, barn with alley water and elect.
Year
Property tax
Land + Additions
Assessment*
2026
$8,850 (−0.6%)
$200,800 + $544,560
$745,360
2025
$8,901 (−2.9%)
$180,720 + $544,560
$725,280
2024
$9,163 (+34.6%)
$180,720 + $553,780
$734,500
2023
$6,805 (−6.5%)
2022
$7,280 (+5.5%)
2021
$6,899 (+4.3%)
$90,360 + $352,260
$442,620
2020
$6,617 (−1.3%)
$60,240 + $334,010
$394,250
2019
$6,703 (+9.6%)
2018
$6,115 (+27.8%)
2017
$4,783 (+13.2%)
$50,200 + $254,220
$304,420
2016
$4,224
$50,200 + $254,220
$304,420
Tax history for 4880 Compass Way
Year
Property tax
Land + Additions
Assessment*
2026
$8,850 (−0.6%)
$200,800 + $544,560
$745,360
2025
$8,901 (−2.9%)
$180,720 + $544,560
$725,280
2024
$9,163 (+34.6%)
$180,720 + $553,780
$734,500
2023
$6,805 (−6.5%)
2022
$7,280 (+5.5%)
2021
$6,899 (+4.3%)
$90,360 + $352,260
$442,620
2020
$6,617 (−1.3%)
$60,240 + $334,010
$394,250
2019
$6,703 (+9.6%)
2018
$6,115 (+27.8%)
2017
$4,783 (+13.2%)
$50,200 + $254,220
$304,420
2016
$4,224
$50,200 + $254,220
$304,420
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
3
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
437,342
Year renovated
—
Sq. Ft.
2,537
Year built
2003
Style
Single Family Residential
County
Erath County
APN
R000067333
Parking Spaces
2
Basement
No
Accessible
No
HOA Dues
$295 /month
Garage
Yes
Features
Waterfront, Pool
Last updated by owner on Jul 8, 2023.
Property details
Parking
Parking Information
Carport Spaces: 0
Covered Spaces: 2
Parking Features: 2-Car Single Doors, Garage Door Opener
Parking & Garage
Has Garage
Has Attached Garage
Garage Spaces: 2
Garage Width: 23
Garage Length: 22
Interior
Virtual Tour
Bathroom Information
Bathrooms Full: 2
Bathrooms Half: 1
Bathrooms Total Decimal: 2.1
Bathrooms Total Integer: 3
Bedroom Information
Bedrooms Total: 3
Fireplace Information
Fireplaces Total: 1
Fireplace Features: Blower Fan, Gas Logs, Metal
Heating & Cooling
Cooling: Central Air, Electric
Heating: Central, Electric, Propane
Interior Features
Room Count: 9
Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
Number Of Living Areas: 2
Number Of Dining Areas: 2
Living Area: 2537.00
Levels: Two
Flooring: Carpet, Ceramic Tile, Concrete
Interior Features: Built-in Wine Cooler, Cable TV Available, Decorative Lighting, High Speed Internet Available, Open Floorplan, Sound System Wiring, Wet Bar
Window Features: Bay Window(s)
Laundry Features
Laundry Features: Electric Dryer Hookup, Utility Room, Full Size W/D Area, Washer Hookup
Room 1 Information
Room Type: Living Room
Room Level: 1
Room Dimensions: 17 x 14
Room Length: 17.00
Room Width: 14.00
Room 2 Information
Room Type: Breakfast Room
Room Level: 1
Room Features: Built-in Cabinets
Room Dimensions: 9 x 9
Room Length: 9.00
Room Width: 9.00
Room 3 Information
Room Type: Utility Room
Room Level: 1
Built-in Cabinets, Farm Sink, Linen Closet, Room for Freezer, Separate Utility Room
Utilities: All Weather Road, Asphalt, Co-op Electric, Outside City Limits, Phone Available, Rural Water District, Septic, Well
Location
HOA Information
Association Fee Includes: Full Use of Facilities, Management Fees
Association Type: Mandatory
Association Fee: 295
Association Fee Frequency: Annually
HOA Management Company: Mt. Lakes Ranch HOA - Steve & Anna Baker
HOA Management Company Phone: 817-559-7524
School Information
Elementary School: Bluff Dale
Elementary School Name: Bluff Dale
High School Name: Bluff Dale
Middle School Name: Bluff Dale
School District: Bluff Dale ISD
Location Information
County Or Parish: Erath
Country: United States
Directions: From Donaho Real Estate Group office, go west on Hwy 377 S; left on FM 2481-Holt St; left on Mountain Lakes Blvd; right on Compass Way - sign on right.
Latitude: 32.30979827
Longitude: -98.02792581
Geocode Confidence: High
Subdivision Name: Mountain Lakes
Community Information
Community Features: Campground, Club House, Community Dock, Community Pool, Fishing, Jogging Path/Bike Path, Lake, Park, Playground, Pool, RV Parking