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$671,000

NAL Estimated Property Value

1609 Pearl River Drive, Flower Mound, TX, 75028

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,465 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$294.12 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop
FlooringCeramic Tile, Vinyl

Exterior

Lot Size18,186 sqft

Building Information

Year Built1997
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR187536
Lot Number36
SubdivisionCedar Bluff Ph 2
Land UseResidential
Legal DescriptionCEDAR BLUFF PH 2 BLK B LOT 36
Census Tract021727
Assessed Land Value$161,448
Assessed Improvement Value$440,552
Assessment Year2025

About this property

Welcome to 1609 Pearl River Drive in Flower Mound — an absolutely gorgeous, move-in ready home tucked into one of Flower Mound’s most desirable neighborhoods! Located in an amazing Flower Mound neighborhood with top-rated schools, this incredible location offers easy access to great dining, shopping, entertainment, and more while still providing the peaceful feel of privacy and nature. Situated on a stunning lot, the backyard is truly the showstopper of this home and feels like your own private retreat. Backing to a gorgeous greenbelt with no rear neighbors, enjoy beautiful views, added privacy, and a peaceful natural setting. The all-turf backyard creates a lush, low-maintenance space while the rock seating area with firepit is perfect for gathering with family and friends. A storage shed adds extra functionality, and the covered patio creates the ideal spot for entertaining, grilling, relaxing, or enjoying your morning coffee — this backyard is truly a dream. Inside, the home has been beautifully updated from top to bottom with gorgeous finishes and a modern feel throughout. The stunning kitchen features quartz countertops, abundant storage, and opens seamlessly to both the breakfast area and dining room for easy everyday living and entertaining. This home offers incredible flexibility with not one, but two separate flex spaces. Between the two secondary bedrooms is a versatile flex room with beautiful French doors, ideal for an office, playroom, study area, media room, or additional living space. In addition, the owners added a spacious second flex room with outdoor access and a closet, making it an ideal fourth bedroom, guest suite, game room, office, playroom, media room, or whatever best fits your lifestyle. The spacious primary suite offers dual vanities, separate tub and shower, and dual walk-in closets providing exceptional storage space. Complete with a two-car garage and an incredibly flexible floorplan, this home truly has space for everyone!

Investor Tools

Property Icon
$671,000
Estimated Property Value
$225,488Estimated Mortgage Balance
$445,512Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,350 /month
Positive
Cash Flow Estimate:
$1,450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$958/month
$30/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,138
$602,000
2025
$161,448
$440,552
$602,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,138
$602,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$247,865
No
First
Sep 2, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$225,488
$445,512
66%
34%
$1,487/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,850/mo
$1,517/mo
+$2,333/mo
6.9%

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: Flower Mound

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1609 Pearl River Drive | Property Details | No Agent List