For sale

Price cut: $28.9K (6/12)

$195,800

5232 W Cove Dr, Terlton, OK 74081

3beds

1,692sqft

$1,281/mo

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Single Family Residence

Built in 1978

1.35 Acres Lot

$211,500 Zestimate^®

$116/sqft

$-- HOA

What's special

Lake access

Excellent investment opportunity on 1.35 acres with direct adjacency to Keystone Lake. This 3 bedroom, 2 bathroom home offers strong upside for the right buyer—whether you’re looking to renovate, flip, or hold as a long-term rental or lake getaway. The structure has solid bones but will need updates and repairs, giving investors the freedom to add value and customize to their strategy. The acreage, privacy, and lake access make this property a rare find in a high-demand recreational area.

145 days

859

61

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Range

Features

Has basement: No
Has fireplace: Yes
Fireplace features: Fireplace

Interior area

Total structure area: 1,692
Total interior livable area: 1,692 sqft

Property

Parking

Total spaces: 2
Parking features: Attached
Attached garage spaces: 2

Features

Levels: One
Stories: 1
Has private pool: Yes
Pool features: Pool

Lot

Size: 1.35 Acres
Dimensions: 1.35ac

Details

Parcel number: 061000000023000100
Zoning description: Other

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Stone/Rock Veneer
Foundation: Slab
Roof: Composition

Condition

Year built: 1978

Utilities & green energy

Electric: City
Gas: Natural
Sewer: Septic Tank
Water: Rural

Community & HOA

Community

Subdivision: Other

Location

Region: Terlton

Financial & listing details

Price per square foot: $116/sqft
Tax assessed value: $69,371
Annual tax amount: $606
Date on market: 3/12/2026
Road surface type: Gravel

Estimated market value

$211,500

$201,000 - $222,000

$1,774/mo

Price history

Date	Event	Price
6/12/2026	Price change	$195,800-12.9%$116/sqft
Source: Stillwater MLS #133909 Report a problem
3/12/2026	Listed for sale	$224,700$133/sqft
Source: MLSOK/OKCMAR as distributed by MLS GRID #1218606 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$606 +0.1%	$8,324 0%
2024	$605 +1.9%	$8,325 +0%
2023	$594 +1.6%	$8,324 0%
2022	$585 +0.9%	$8,325
2021	$580 -2.9%	$8,325
2020	$597 -0.1%	$8,325 +0%
2019	$597 -0.8%	$8,324
2018	$602 -3.1%	$8,324
2017	$621 -62.7%	$8,324 -57.2%
2016	$1,667	$19,452 +114.5%
2015	$1,667 +152.6%	$9,070
2014	$660 0%	$9,070
2013	$660 +0.3%	$9,070
2012	$658 +0.4%	$9,070
2011	$655 +7.1%	$9,070 0%
2009	$612 -1.2%	$9,071
2008	$619 -0.9%	$9,071 -0.1%
2007	$625	$9,082

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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