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$1,250,000

206 Cherokee Path, Flower Mound, TX, 75028

Off MarketInfo
Beds6 Beds
Baths3 Bath
Baths2,881 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$433.88 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOther

Exterior

Lot Size5.14 acres

Building Information

Year Built1973
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR757720
Lot Number1
SubdivisionSilver Pagoda Addition
Land UseResidential
Legal DescriptionSILVER PAGODA ADDITION BLK A LOT 1
Census Tract021727
Assessed Land Value$629,299
Assessed Improvement Value$241,613
Assessment Year2025

About this property

*** MULTIPLE OFFERS RECEIVED*** best and highest offer ends 8PM Sunday Nov. 2nd. Please use One to Four Family Residential contract NOT Unimproved Property Contract. Calling all Investors and Developers!!! Discover a rare opportunity to own a sprawling 5.14-acre estate in one of Flower Mound’s most desirable areas. This 2,881 sq ft single-story brick home, built in 1973, has served as a peaceful temple for over two decades and now awaits its next chapter. This property needs TLC, but the potential is undeniable, whether you're looking to renovate and create your dream home, or subdivide the land to build multiple residences. Per city it's currently zoned SF15, means single family home with minimum 15,000 sq. ft. lot. the canvas is yours, with over 224,000 sq ft of land, the possibilities range from luxury estate living to a boutique residential development. Nestled in a quiet, established. neighborhood with mature trees and natural beauty. It’s a place that has welcomed community and connection—and now it’s ready to be reimagined. North side and West side of the Property is Creekside at Heritage Park Subdivision that most million-dollar homes built by Toll Brother. Great location and minutes from top-rated schools, parks, and shopping centers. Easy access to major highways and DFW Airport.

Investor Tools

Property Icon
$947,000
Estimated Property Value
$782,962Estimated Mortgage Balance
$169,716Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,500 /month
Positive
Cash Flow Estimate:
$2,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,454/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$870,912
2025
$629,299
$241,613
$870,912
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$870,912

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Stellar Bank
Stand Alone First / Home Equity First Lien
$782,962
No
First
Dec 30, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$777,284
$169,716
17%
82%
$4,695/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,950/mo
$4,695/mo
$-1,745/mo
3.7%

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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206 Cherokee Path | Property Details | No Agent List