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$28,000

3220 Colgate Avenue, University Park, TX, 75225

On MarketInfo
Just AddedInfo
LeaseInfo
Beds5 Beds
Baths7 Bath
Baths7,302 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$3.83 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Double Oven, Tankless Water Heater, Vented Exhaust Fan, Wine Cooler
FlooringCarpet, Ceramic Tile, Hardwood, Marble, Stone

Exterior

Exterior FeaturesBuilt-in Barbecue, Rain Gutters, Lighting, Outdoor Grill, Private Yard
Lot Size10,360 sqft

Building Information

Year Built2022
Stories2
Roof Type110
Garage Spaces2

Land Information

APN60218500580100000
Lot Number10
SubdivisionUniversity Heights
Land UseResidential
Legal DescriptionUNIVERSITY HEIGHTS BLK 58 LOT 10 INT202100249847 DD08192021 CO-DC 2185005801000 16021850058
Census Tract019301
Assessed Land Value$1,916,600
Assessed Improvement Value$2,315,750
Assessment Year2025

About this property

A rare opportunity for a short term lease of an exceptional luxury residence completed in 2024 by Pearl Development, available for occupancy mid-July. Thoughtfully designed with curated finishes and sophisticated craftsmanship throughout, this stunning home offers an elevated living experience in the heart of University Park. The expansive floor plan features a formal living room with gas FP, private office, two wet bars, and a gracious dining room all flooded with natural light from floor-to-ceiling windows. A butler’s pantry and generous walk-in pantry seamlessly connect the dining space to the chef’s kitchen, where a large center island, Sub-Zero and Wolf appliances, and designer lighting create a truly impressive culinary setting. The kitchen opens to the oversized family room with gas FP and beyond to a covered outdoor living area complete with motorized screens, a built-in kitchen, and ceiling heaters—perfect for entertaining and enjoying year-round indoor-outdoor living. The second floor features four private bedroom suites each with walk-in closets, including a spectacular primary retreat with vaulted ceilings, a coffee bar, spa-inspired bath, dual vanities, a soaking tub, separate shower, and two custom-designed closets. The third level is dedicated to recreation and relaxation, offering a media room, wet bar, fitness room, and a fifth bedroom ideal for guests. Designed with timeless elegance and modern convenience, the home showcases wide-plank white oak hardwood floors, a Lutron lighting system, designer fixtures, and meticulously selected finishes throughout. Every detail has been carefully considered to create a warm, refined atmosphere that feels both luxurious and inviting. Ideally situated on a 70 foot frontage lot within Boone Elementary, the property enjoys convenient access to University Park’s parks, amenities, shopping, and dining destinations. A truly exceptional turnkey lease opportunity in one of Dallas’ most coveted neighborhoods.

Interested in this property?

Amy Detwiler

Compass RE Texas, LLC.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$7,489/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$67,182
$4,232,350
2025
$1,916,600
$2,315,750
$4,232,350
No

Tax History

Year
Tax Paid
Assessed Value
2025
$67,182
$4,232,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Communitybank Of Texas Na
Commercial
$3,200,000
No
First
Apr 7, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,955,025
$1,582,975
34%
65%
$19,186/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.

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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: University Park

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3220 Colgate Avenue | Property Details | No Agent List