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$765,000

186 Las Colinas Trail, Cross Roads, TX, 76227

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,457 Sq Ft
price_per_sqft$221.29 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Microwave, Convection Oven, Double Oven, Tankless Water Heater
FlooringWood

Exterior

Lot Size1.00 acres

Building Information

Year Built2014
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR527417
Lot Number18
SubdivisionVillages At Cross Roads
Land UseResidential
Legal DescriptionVILLAGES AT CROSS ROADS BLK D LOT 18
Census Tract020121
Assessed Land Value$134,627
Assessed Improvement Value$634,197
Assessment Year2025

About this property

Welcome to 186 Las Colinas in the highly sought-after gated community of The Villages at Cross Roads — a stunning single-story First Texas home perfectly situated on a sprawling 1.02-acre lot backing to a peaceful park area with beautiful water views from the primary suite and enclosed back patio. Designed with both luxury and functionality in mind, this thoughtfully crafted multigenerational floor plan offers a private secondary suite, split-bedroom layout, dedicated home office, formal dining room, and multiple living spaces ideal for entertaining or everyday living. The oversized primary retreat is a true sanctuary featuring a cozy fireplace, freestanding round soaking tub, dual closets with custom built-ins, and direct access to the patio. Inside, you’ll find engineered hardwood flooring throughout with no carpet, custom closets and pantry upgrades, decorative lighting, custom paint accents, and double convection ovens in the beautifully appointed kitchen. Additional highlights include two wood-burning fireplaces with gas starters, a gas tankless water heater, ceiling fan wiring throughout the home, and an enclosed back patio perfect for year-round enjoyment. Car enthusiasts and hobbyists will appreciate the oversized tandem garage setup with 220V electric vehicle charging capability and ample storage space. Enjoy the serenity of estate-style living with room to build a pool, all while being conveniently located just minutes from Lake Lewisville, Ray Roberts Lake State Park, and easy access to I-35 for commuting, shopping, and dining.

Investor Tools

$240,123Estimated Mortgage Balance
$488,824Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,590 /month
Positive
Cash Flow Estimate:
$1,530 /month

Interested in this property?

Chrissy Mallouf

Real Broker, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,050/month
$1,400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,950
$728,947
2025
$134,627
$634,197
$768,824
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,950
$728,947

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Conventional
$266,000
No
First
Apr 9, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,123
$488,824
67%
33%
$1,595/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,680/mo
$2,995/mo
+$685/mo
6.1%

City: Cross Roads