Great investment opportunity in Runaway Bay, TX. 236 Half Moon Way is a 3-bedroom, 3-bath, single-story ranch-style home on a large double lot (over 0.42 acres) in a lakeside community near Lake Bridgeport. The property is priced well below the tax appraisal and RealAVM and under $110 per square foot, offering solid upside potential for investors, buyers looking for a rental property, or value-focused owner-occupants. Terrific deal for first time buyer! The floor plan includes three living areas plus a flex room that can function as an office, hobby room, or additional living space. The kitchen is generously sized with a large walk-in pantry, and there are three full bathrooms to support multiple occupants or tenants. Recent work includes interior and exterior paint and a new electrical panel. Other areas may need cosmetic updates or repairs, and the home is priced to reflect its current condition. The oversized double lot backs to the former golf course, providing open views with no rear neighbors, and the oversized garage offers additional storage or workspace. With its size, layout, and pricing, this property has strong potential as a rental, flip, or long-term hold in Runaway Bay.