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$695,000

318 Lakewood Drive, Trophy Club, TX, 76262

Under ContractInfo
Beds3 Beds
Baths3 Bath
Baths2,327 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$298.67 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

High EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size6,682 sqft

Building Information

Year Built1998
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR198428
Lot Number9
SubdivisionLakes Of Trophy Club Ph 1
Land UseResidential
Legal DescriptionLAKES OF TROPHY CLUB PH 1 BLK 4 LOT 9
Census Tract020322
Assessed Land Value$100,260
Assessed Improvement Value$449,485
Assessment Year2025

About this property

Absolutely charming single-story home nestled in the sought-after Lakes at Trophy Club. Beautiful luxury vinyl plank flooring flows throughout the home, creating a seamless and inviting feel. Just off the entry, a light-filled sitting area offers flexible living space and could easily serve as a formal dining room if desired. Designed for both comfort and entertaining, the open-concept floorplan features a spacious living room highlighted by a bay window with wood shutters, custom built-ins and a striking double-sided fireplace shared with the dedicated home office. The beautifully remodeled kitchen is a true showpiece, boasting Taj Mahal quartzite countertops, a center island, breakfast bar, designer tile backsplash and stainless steel appliances including the refrigerator which conveys. The private owner's suite offers wood shutters, a walk-in closet and a spa-inspired ensuite bath with dual vanities, a refinished soaking tub, and a stunning remodeled tile shower. The secondary bathroom has also been updated with a refinished bathtub. Step outside to a serene backyard retreat with lush landscaping, perfect for relaxing or enjoying time with family and friends. Thoughtful updates completed within the last year include a Class 4 impact-resistant roof and gutters, energy-efficient windows and screens, new front door, Trane 5-ton HVAC system, air ducts, thermostat, luxury vinyl plank flooring, fresh interior paint, updated faucets, light fixtures, hardware, bathroom exhaust fans, and toilets. This beautiful home is truly move-in ready and shows like a model. Ideally located in the heart of Trophy Club, you'll enjoy easy access to premier shopping, dining, parks, golf courses and everything this vibrant community has to offer.

Investor Tools

$0Estimated Mortgage Balance
$618,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,170 /month
Positive
Cash Flow Estimate:
$1,390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$930/month
$669/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,074
$549,678
2025
$100,260
$449,485
$549,745
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,074
$549,678

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$618,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$669/mo
+$1,491/mo
4.2%

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: Trophy Club

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318 Lakewood Drive | Property Details | No Agent List