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B+
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$1,351,000

2608 Queen Margaret Dr, Lewisville, TX, 75056

Off MarketInfo
Beds5 Beds
Baths6 Bath
Baths5,379 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$297.27 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4.5Bathrooms Full 4.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Ice Maker

Exterior

Lot Size12,131 sqft

Building Information

Year Built2005
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR223147
Lot Number9
SubdivisionCastle Hills Ph Ii Sec D
Land UseResidential
Legal DescriptionCASTLE HILLS PH II SEC D BLK F LOT 9
Census Tract021643
Assessed Land Value$218,394
Assessed Improvement Value$1,242,342
Assessment Year2025

About this property

In the HEART of Castle Hills you will find a great family home where entertainment and luxury meet. You can walk with your children to school from your own backyard, play in the park, watch movies from your sparkling pool on hot summer nights or from the generous media room tucked away on the second floor. The guest suite downstairs is perfect for guests to enjoy for years to come. This gorgeous Sanders Custom Home backs to the idyllic Castle Hills Elementary in this truly magical neighborhood. From the elegant gated front entry drive to the stunning backyard retreat with sleek outdoor living, your family thrive in this five-star resort. The impressive two-story foyer opens to a meticulous home with luxurious features and a storybook staircase leading to a well-appointed second floor where every bedroom has an ensuite bathroom. The private study has tall, rich wood coffered ceilings and exquisite built-in shelving. The chef's kitchen overlooks the gracious family room complete with built-ins and backyard views. The elegant primary suite overlooks the pool and has a glamorous spa-style bathroom and spacious closet. Every element creates an atmosphere of unparalleled luxury. Enjoy the private Castle Hills firework show from your own backyard. WALK to the Village shops & restaurants for coffee or dinner or one of the many community events. Experience abounding amenities at the Castle Hills Community Center just down the street complete with tennis and basketball courts. Take a short walk to Castle Hills Elementary, or to one of the 26 themed parks, 6 community centers, 7 miles of hike & bike trails, The Lakes private Country Club, tennis courts, pickle ball, soccer fields, basketball courts, stocked lakes and so much more. This unique 12,133 square foot wrap-around lot is a. A home like no other. APPRAISAL for 1,760,000, attached.

Investor Tools

Property Icon
$1,351,000
Estimated Property Value
$609,750Estimated Mortgage Balance
$744,781Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,594 /month
Positive
Cash Flow Estimate:
$3,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,690/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,521
$1,228,082
2025
$218,394
$1,242,342
$1,460,736
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,521
$1,228,082

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$609,750
No
First
Jan 20, 2026
Feb 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$606,219
$744,781
55%
45%
$3,656/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,060/mo
$4,856/mo
$-1,796/mo
2.7%

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: Lewisville

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2608 Queen Margaret Dr | Property Details | No Agent List