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$1,300,000

11194 Parliament Ln, Frisco, TX, 75035

On MarketInfo
Beds5 Beds
Baths4 Bath
Baths5,474 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$237.49 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4.5Bathrooms Full 4.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Double Oven, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Gas Grill, Rain Gutters, Outdoor Grill

Building Information

Year Built2011
Stories2
Garage Spaces5

Land Information

APNR-9592-00K-0070-1
Lot Number7
SubdivisionVillages Of Stonelake Estates Phase Ib (
Land UseResidential
Legal DescriptionVILLAGES OF STONELAKE ESTATES PHASE IB (CFR), BLK K, LOT 7
Census Tract030518
Assessed Land Value$280,500
Assessed Improvement Value$977,132
Assessment Year2025

About this property

Back on the market at NO fault of the property! Situated on an exceptional .364-acre corner lot overlooking a tranquil green space and a scenic creek, this impressive Shaddock-built estate offers over 5,500 square feet of refined luxury living. A grand iron front door opens to a dramatic two-story entry, leading into a light-filled interior featuring refinished hardwood floors, fresh paint, and extensive crown molding throughout. Designed for both everyday living and upscale entertaining, the open-concept layout is highlighted by a soaring two-story living room with a gas fireplace that seamlessly connects to the kitchen. The well-appointed kitchen features granite countertops, a large island with bar seating, stainless steel appliances including a double oven and commercial-grade cooktop, a planning desk, and a walk-in pantry with custom shelving organization. The main level is thoughtfully designed to accommodate a variety of living needs, featuring both a luxurious primary suite and a private guest ensuite—ideal for multigenerational living or comfortably hosting overnight guests. Upstairs, enjoy endless entertainment options with a large game room, wet bar, and dedicated media room. Step outside to the expansive balcony deck overlooking the backyard, greenbelt, and creek, complete with a spiral staircase providing direct access to the outdoor living spaces below. The backyard is truly a showstopper—featuring a massive pool and spa, a covered patio with built-in gas grill and wood-burning fireplace, plus a blend of turf and grassy areas for play and relaxation. Additional highlights include an iron gated porte-cochere with 4-car garage, owned solar panels, and a lightning protection system. An extraordinary opportunity combining luxury, scale, and an unbeatable homesite.

Investor Tools

$447,708Estimated Mortgage Balance
$839,292Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,800 /month
Positive
Cash Flow Estimate:
$2,600 /month

Interested in this property?

Carrie Corcoran

OnDemand Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,891/month
$708/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,257
$1,257,632
2025
$280,500
$977,132
$1,257,632
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,257
$1,257,632

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$506,000
No
First
Jul 24, 2020
Aug 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$447,708
$839,292
65%
35%
$3,034/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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11194 Parliament Ln | Property Details | No Agent List