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$962,000

NAL Estimated Property Value

1470 Waterton Dr, Prosper, TX, 75078

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,483 Sq Ft
price_per_sqft$281.37 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Microwave
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting
Lot Size14,985 sqft

Building Information

Year Built2021
Stories2
Garage Spaces3

Land Information

APNR-11481-00B-0110-1
Lot Number11
SubdivisionProsper Lake On Preston Phase 2 (Cpr)
Land UseResidential
Legal DescriptionPROSPER LAKE ON PRESTON PHASE 2 (CPR), BLK B, LOT 11
Census Tract030303
Assessed Land Value$250,000
Assessed Improvement Value$678,350
Assessment Year2025

About this property

Experience modern living with resort-style outdoor living in this beautifully crafted, north-facing Bloomfield home sitting on an expansive lot in the award-winning Prosper ISD. The open, light-filled floor plan blends comfort and sophistication with vaulted ceilings and a wall of windows frame the spacious family room, anchored by a dramatic floor-to-ceiling stone fireplace. A private study doubles as a flexible 4th bedroom, and all bedrooms on the main level make daily life effortless. The gourmet kitchen shines with quartz countertops, stainless appliances, a designer backsplash, and a 5-burner gas cooktop, while the adjacent dining room sets the stage for memorable gatherings. The serene primary suite offers a sitting area, dual vanities, a glass-enclosed shower, and a soaking tub. Thoughtful upgrades include oak wood floors, quartz accents, an oak-tread staircase, an 8’ entry door, and stained cedar garage doors that elevate the home’s style and curb appeal. Upstairs, a game room and media room create an ideal entertainment hub. Step outside to your private backyard retreat: a modern pool and spa, extended covered patio, and freestanding cabana with fan and lighting. The majority of the backyard is lush grass, complemented by turf cutouts with pavers along the side for low-maintenance convenience. An extended driveway and behind-the-fence parking add everyday practicality. Within minutes of the PGA headquarters and close to shopping, dining, and entertainment, this home is the total package.

Investor Tools

Property Icon
$962,000
Estimated Property Value
$627,820Estimated Mortgage Balance
$334,180Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,880 /month
Positive
Cash Flow Estimate:
$1,960 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,705/month
$790/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,653
$928,350
2025
$250,000
$678,350
$928,350
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,653
$928,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lower Llc
Conventional
$523,400
No
First
Dec 8, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$627,820
$334,180
34%
65%
$4,009/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$4,799/mo
$-1,349/mo
4.3%

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.

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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: Prosper

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1470 Waterton Dr | Property Details | No Agent List