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$1,190,000

2532 Pelican Bay Dr, Plano, TX, 75093

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths5 Bath
Baths3,965 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$300.13 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Rain Gutters, Lighting, Playground

Building Information

Year Built1988
Stories2
Roof Type104
Garage Spaces2

Land Information

APNR-1667-003-0090-1
Lot Number9
SubdivisionIndian Creek Phase I (Cpl)
Land UseResidential
Legal DescriptionINDIAN CREEK PHASE I (CPL), BLK C, LOT 9
Census Tract031647
Assessed Land Value$371,000
Assessed Improvement Value$654,673
Assessment Year2025

About this property

Tucked away on a quiet street in one of West Plano’s most desirable & established neighborhoods, this sleek, contemporary-inspired home offers the rare combination of generous living space, exceptional outdoor living & over $100,000 in recent capital improvements. Backing to a peaceful tree-lined creek, the setting provides privacy, scenic views & the kind of natural beauty that makes location one of real estate’s most valuable assets. Designed for both everyday living & entertaining, the flexible floor plan features spacious living & dining areas, soaring ceilings, and a dramatic wall of windows that fills the home with natural light while showcasing views of the pool and tranquil treeline from nearly every room. Fresh interior paint & new carpet create a bright, inviting atmosphere, while the striking tuxedo-style kitchen pairs crisp white cabinetry with black granite countertops, a new gas cooktop, oversized island, abundant storage, a full-size refrigerator & two beverage refrigerators. The backyard is the true centerpiece of the home. Enjoy a sparkling pool surrounded by brand-new paver patio, an elevated balcony rebuilt with low-maintenance composite decking & spiral staircase, artificial turf, & year-round privacy overlooking the protected creek & mature trees. A newly engineered retaining wall with wrought iron fencing adds both lasting structural integrity & an elegant architectural finish to this exceptional outdoor retreat. Extensive recent improvements provide outstanding peace of mind, including a new roof, a new 5-ton Rheem HVAC system, new pool heater, variable-speed pool pump, fresh front sod, two 50-amp EV charging outlets and new gutters, siding, skylights & chimney caps. Ideally located near premier shopping, dining, entertainment, parks, and major highways, this exceptional property offers the perfect opportunity to enjoy one of West Plano’s most coveted locations while adding your own personal style over time.

Investor Tools

Property Icon
$1,170,000
Estimated Property Value
$370,000Estimated Mortgage Balance
$876,917Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,140 /month
Positive
Cash Flow Estimate:
$2,380 /month

Interested in this property?

Brandon Carrington

Hometiva

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,495/month
$138/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,091
$1,025,673
2025
$371,000
$654,673
$1,025,673
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,091
$1,025,673

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$370,000
No
First
Sep 26, 2016
Oct 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,083
$876,917
74%
25%
$2,219/mo

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.

Explore Texas Explore This Area
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: Plano

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