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$1,849,000

1043 Running Bay, Frisco, TX, 75036

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths4,598 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$402.13 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4.5Bathrooms Full 4.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Wine Cooler

Exterior

Private PoolPrivate Pool
Exterior FeaturesBarbecue, Built-in Barbecue, Fire Pit, Rain Gutters, Outdoor Grill, Outdoor Kitchen, Private Yard, Storage
Lot Size14,283 sqft

Building Information

Year Built2015
Stories2
Roof Type105
Garage Spaces4

Land Information

APNR579763
Lot Number5
SubdivisionWindrose At Phillips Creek Ranch
Land UseResidential
Legal DescriptionWINDROSE AT PHILLIPS CREEK RANCH BLK F LOT 5
Census Tract021540
Assessed Land Value$364,507
Assessed Improvement Value$1,002,099
Assessment Year2025

About this property

Welcome to 1043 Running Bay, an extraordinary residence situated on one of the largest lots in Windrose, the prestigious Estates section of Phillips Creek Ranch. Built in 2015, this 4,597-square-foot home offers four bedrooms, four-and-a-half bathrooms, soaring 22-foot ceilings, and more than $375,000 in thoughtfully selected upgrades. The Mediterranean-inspired exterior opens to a striking modern interior featuring a dramatic art-display entry, champagne-bubble chandeliers, designer lighting from Restoration Hardware and Z Gallerie, updated flooring throughout the first level, and new carpeting in every bedroom and upstairs living area. Designed for effortless entertaining, the home features an integrated audio system with speakers in every room and seamless Wi-Fi and Bluetooth connectivity. The oversized media room delivers a cinematic experience with a 120-inch gray screen, Sony 4K-3D projector, and immersive 7.1-speaker theater system. Outside, the private backyard has been transformed into a resort-style retreat. The app-controlled pool and spa feature smart lighting, recently updated hot tub tile, multiple fire features, and Bali beds positioned around the pool. A separate outdoor fireplace and fully equipped outdoor kitchen with a built-in grill and wine refrigerator create the perfect setting for entertaining or relaxing year-round. An in-ground Russound audio system with eight speakers and a subwoofer completes the experience. Additional improvements include a new HVAC unit installed in 2025, a new garage door opener, motion-activated lighting, and an extensive security system with nine perimeter cameras, motion detection, and a Wi-Fi-enabled front-door camera. Blending sophisticated design, smart-home technology, and resort-style living, 1043 Running Bay offers an exceptional lifestyle within one of Phillips Creek Ranch’s most distinguished enclaves.

Investor Tools

$390,864Estimated Mortgage Balance
$1,185,136Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,094 /month
Positive
Cash Flow Estimate:
$3,698 /month

Interested in this property?

Justin Rodgers

Agency Dallas Park Cities, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$866/month
$230/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,516
$1,366,606
2025
$364,507
$1,002,099
$1,366,606
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,516
$1,366,606

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$418,000
No
First
Nov 17, 2015
Dec 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$390,864
$1,185,136
75%
25%
$3,047/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$3,277/mo
$-577/mo
2.1%

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: Frisco

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1043 Running Bay | Property Details | No Agent List