Street View

B+

NoAgentList RatingHow are grades calculated?

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Owner Contacts

$962,000

NAL Estimated Property Value

240 Hanging Garden Dr, Prosper, TX, 75078

Off Market

6 Beds

6 Bath

4,638 Sq Ft

Single Family Residence

$195.99 / sqft

Built in 2025

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 6

Bathrooms Full 4.5

AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Convection Oven, Double Oven, Tankless Water Heater, Vented Exhaust Fan

FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting

Building Information

Year Built2025

Stories2

Garage Spaces3

Land Information

APNR-13052-00F-0100-1

Lot Number10

SubdivisionMalabar Hill (Cpr)

Land UseResidential Single Family

Legal DescriptionMALABAR HILL (CPR), BLK F, LOT 10

Census Tract030302

Assessed Land Value$126,000

Assessment Year2025

About this property

***BRAND NEW IN MALABAR HILL !! EAST FACING--Stunning 6-4-3 plus 2 power baths, study, game, media, GUEST BEDROOM DOWN WITH FULL BATH AND FULL KITCHEN !!! An absolute MUST-SEE design. Drop-dead gorgeous 2 story foyer features beautiful curved staircase, upgraded chandeliers, and domed ceiling treatment. Library with French Doors to the left, guest suite with full kitchen and full bath to the right, just past the powder room and mud area coming in from garage. Knockout kitchen features floor to ceiling white cabinets with glass uppers and lighting under and above. Huge butlers with fantastic pantry. HUGE family room with 60inch Simplifire Allusion Platinum fireplace that offers colorful and well as warming experience. Primary Bedroom down features private entrance not going through family room, panned ceiling, fantastic bath and closet. Upstairs features 4 bedrooms, powder room, game and media. HUGE 30'x8' covered patio, HUGE 83'x38' back yard. BEST DESIGN, FEATURES, LOCATION, AND PRICE. READY NOW!!

Investor Tools

$962,000

Estimated Property Value

$633,798Estimated Mortgage Balance

$328,202Estimated Equity

34% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,772 /month

Positive

Cash Flow Estimate:

$1,924 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$598/month

$1,000/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,369

$126,000

2025

$126,000

N/A

$126,000

Tax History

Year

Tax Paid

Assessed Value

2024

$2,369

$126,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Homewithloan.Com

Unknown

$637,490

First

Jan 29, 2026

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$633,798

$328,202

34%

66%

$3,823/mo

Learn About the Market: Opportunity in Texas

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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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