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$445,000

$450,000

1028 Colony St, Flower Mound, TX, 75028

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths2,023 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$219.97 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal
FlooringCarpet, Laminate, Tile, Wood

Exterior

Private PoolPrivate Pool

Building Information

Garage Spaces2

About this property

Opportunities like this are rare. Owned and lovingly maintained by the same family for 41 years, this extensively updated home is located just a few doors from the newly improved Colony Park and features a beautiful swimming pool added in 2022. Set on a quiet, tree-lined street with limited through traffic, the home offers a peaceful setting while keeping you close to everything Flower Mound has to offer. The town's extensive hike and bike trail system is just moments away, and you'll enjoy convenient access to Parker Square, The Shops at Highland Village, and the River Walk at Central Park for shopping, dining, and entertainment. Major highways and Dallas Fort Worth International Airport are also just minutes away. Inside, the home has been thoughtfully updated and includes the added efficiency and convenience of a tankless water heater, providing endless hot water and energy savings. The backyard is designed for enjoying the Texas lifestyle, whether you're cooling off in the sparkling pool, entertaining family and friends, or simply unwinding in your own private retreat. With quality updates, a rare one-owner history, energy-efficient features, and an unbeatable location near parks, trails, and everyday conveniences, this exceptional home is ready to welcome its next owners.

Investor Tools

$0Estimated Mortgage Balance
$351,669Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,670 /month
Positive
Cash Flow Estimate:
$890 /month

Interested in this property?

Kris Wise

Keller Williams Realty-FM

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$640/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Flower Mound

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