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Days31Days on Market
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$1,200,000

1820 Blue Forest Dr, Prosper, TX, 75078

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,174 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$378.07 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBuilt-in Barbecue, Rain Gutters, Lighting, RV Hookup, Storage
Lot Size1 acre

Building Information

Year Built2006
Stories2
Garage Spaces3

Land Information

APNR-8265-00A-0200-1
Lot Number20
SubdivisionHighland Meadows Phase Three (Cpr)
Land UseResidential
Legal DescriptionHIGHLAND MEADOWS PHASE THREE (CPR), BLK A, LOT 20
Census Tract030303
Assessed Land Value$285,000
Assessed Improvement Value$558,500
Assessment Year2025

About this property

One-of-a-Kind Custom Estate on 1 Acre with a Luxury Dream Garage & Workshop! Rare opportunity to own this beautifully maintained custom home on a private one-acre lot in the highly desirable Highland Meadows community of Prosper. Surrounded by mature trees and offering exceptional backyard privacy, this property features a 3,174 SF main home plus an incredible 1,280 SF detached two-story multi-use building, ideal for car enthusiasts, hobbyists, entrepreneurs, a home gym, man cave, workshop, game room, or multi-generational flex space. The main home offers 4 bedrooms, 3 bathrooms, an upstairs bonus room, hand-scraped hardwood floors, plantation shutters, crown molding, tray ceilings, custom window treatments, and a spacious gourmet kitchen with custom cabinetry and stainless steel double ovens.The primary suite features a Texas-sized Jacuzzi tub and walk-in shower, while the oversized utility room includes a utility sink and marble countertop workspace. Recent updates include dual HVAC systems, two tankless water heaters, refurbished iron fencing, and a roof replacement. The detached building is truly a showstopper. Built by Dave Williams Custom Homes, it offers approximately 1,280 SF with 12-foot ceilings, spray foam insulation, two mini-split HVAC systems, custom cabinetry, CAT-5 wiring, 100-amp electrical service, built-in air compressor lines, an 18-foot insulated garage door, and a full-rise in-ground scissor lift.The upstairs game room or flex space is perfect for a media room, home gym, office, hobby space, or additional storage. Outside, enjoy the extended covered patio with a built-in BBQ, lush landscaping, a full-acre 17-zone irrigation system, and an oversized extra-deep attached 3-car garage complete with custom storage cabinets, a workbench with utility sink, and a dedicated 50-amp exterior RV circuit.This extraordinary property combines luxury living—a true dream home for those seeking space, privacy, and an exceptional workshop or collector car garage.

Investor Tools

Property Icon
$897,000
Estimated Property Value
$0Estimated Mortgage Balance
$897,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

Interested in this property?

Kristi Reinertsen

Coldwell Banker Realty Frisco

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,653/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,354
$843,500
2025
$285,000
$558,500
$843,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,354
$843,500

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$897,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$400/mo
+$3,050/mo
4.6%

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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1820 Blue Forest Dr | Property Details | No Agent List