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$1,250,000

1406 Kara Trail, Van Alstyne, TX, 75495

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,875 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$322.58 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Range, Tankless Water Heater
FlooringCarpet

Exterior

Exterior FeaturesRain Gutters
Lot Size1.82 acres

Building Information

Year Built2022
Garage Spaces2

Land Information

APN311 8183021
Lot Number21
SubdivisionPearlace Addition
Land UseResidential
Legal DescriptionPEARLACE ADDITION, BLOCK A, LOT 21, ACRES 1.818
Census Tract001803
Assessed Land Value$185,603
Assessed Improvement Value$785,501
Assessment Year2025

About this property

Exceptional Mark Melton custom estate on 1.8 acres, where timeless craftsmanship meets modern sophistication. This distinguished 1.5-story residence blends modern farmhouse architecture with subtle European influences, creating a home that feels both grand and warmly inviting. Soaring ceilings and expansive windows fill the interior with natural light, while exposed beams in the kitchen and primary suite add architectural depth and character. The main living area is anchored by a striking Austin stone fireplace, serving as a refined focal point for both everyday living and elegant entertaining. The chef’s kitchen and prep kitchen are both thoughtfully appointed with quartz countertops and offers both electric and gas connections for a range, providing flexibility for the discerning homeowner. The primary suite is a serene retreat featuring a walk-through double shower, a generous soaking tub, and a fully customized walk-in closet with built-ins designed for elevated organization. A secure F-5 Rated safe room offers versatile functionality as a gun safe or protected storage space. Additional interior highlights include a dedicated front office with a closet, smart-home wiring, and ADA-accessible design elements on the main level. Upstairs, the expansive bonus space includes a 3’x5’ closet providing more flexibility. Designed for refined outdoor living, the large covered front porch offers sweeping sunset views, offering an ideal setting for relaxation or entertaining in a private, estate-style environment. Recent enhancements include a 10-year termite treatment completed in 2023 by HomeTeam Pest Control, providing added peace of mind. This remarkable property represents a rare opportunity to experience luxury acreage living with thoughtful design, architectural integrity, and enduring quality.

Investor Tools

$1,767,099Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,500 /month
Positive
Cash Flow Estimate:
$2,500 /month

Interested in this property?

Holly Milstead

Keller Williams NO. Collin Cty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,350/month
$175/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,078
$971,104
2025
$185,603
$785,501
$971,104
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,078
$971,104

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Building Or Construction Loan
$1,075,000
No
First
Sep 6, 2023
Sep 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,767,099
N/A
0%
173%
$11,521/mo

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: Van Alstyne

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1406 Kara Trail | Property Details | No Agent List