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$612,048

NAL Estimated Property Value

1815 Legendary Reef Way, Wylie, TX, 75098

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,482 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.75 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Convection Oven
FlooringCeramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size7,797 sqft

Building Information

Year Built2015
Stories2
Garage Spaces2

Land Information

APNR-10657-00G-0270-1
Lot Number27
SubdivisionInspiration Phase 1b
Land UseResidential
Legal DescriptionINSPIRATION PHASE 1B, BLK G, LOT 27
Census Tract031314
Assessed Land Value$160,000
Assessed Improvement Value$452,048
Assessment Year2025

About this property

Welcome to your dream oasis in the highly sought-after Inspiration neighborhood, where modern elegance meets cozy charm. This stunning home features four spacious bedrooms and three full bathrooms, offering an unparalleled lifestyle designed for both grand entertaining and quiet relaxation. As you step through the grand entryway, you are greeted by an expansive open floor plan highlighted by soaring ceilings that flows throughout the main living areas. The heart of the home is a dramatic two-story living room, anchored by a sleek shiplap fireplace and a breathtaking wall of windows that floods the space with natural light. Adjacent to the living area, the gourmet kitchen serves as a chef’s delight, boasting crisp white cabinetry, elegant granite countertops, and a massive prep island with an undermount sink. High-end stainless steel appliances, including an upgraded high end Bosch dishwasher and a classic subway tile backsplash complete this functional yet stylish space. The primary suite is a true sanctuary, featuring a sophisticated tray ceiling. It leads into a spa-like ensuite bathroom equipped with a deep freestanding soaking tub, a frameless glass rainfall shower and premium modern finishes. Upstairs, a versatile and massive game room provides the perfect footprint for a media center, play area, or secondary lounge. The living experience extends outdoors to a private, covered patio overlooking a sprawling lush green backyard, ideal for summer barbecues or peaceful mornings. Recent major updates include carpet and a full HVAC system. Beyond the property line, the Inspiration community offers a resort-style lifestyle with access to sparkling pools, a state-of-the-art fitness center, and competitive pickleball courts. This home perfectly balances high-end design with the warmth of a true community, making it the perfect place to start your next chapter.

Investor Tools

Property Icon
$612,048
Estimated Property Value
$308,193Estimated Mortgage Balance
$305,122Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,672 /month
Positive
Cash Flow Estimate:
$1,224 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,196/month
$870/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,298
$612,048
2025
$160,000
$452,048
$612,048
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,298
$612,048

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prestige Funding Solutions Llc
Conventional
$347,605
No
First
Jul 31, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$308,193
$319,807
50%
50%
$2,085/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,955/mo
+$385/mo
6.5%

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: Wylie

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1815 Legendary Reef Way | Property Details | No Agent List