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Days73Days on Market
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$1,175,000

3900 Pepper Grass Ln, Prosper, TX, 75078

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,660 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$321.04 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Vented Exhaust Fan
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size10,454 sqft

Building Information

Year Built2018
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR741481
Lot Number1
SubdivisionWindsong Ranch Phase 4d
Land UseResidential
Legal DescriptionWINDSONG RANCH PHASE 4D BLK Q LOT 1
Census Tract020128
Assessed Land Value$301,087
Assessed Improvement Value$764,308
Assessment Year2025

About this property

Once-in-a-lifetime opportunity!! WHAT VIEW WOULD YOU LIKE TO START YOUR DAY WITH — a 5-acre crystal lagoon or a serene pond? With this one-of-a-kind, 1-story custom home, you don’t have to choose—you get both. Enjoy rare views of the blue lagoon and pond from the dining room, study, the breakfast area and main bedrooom. This open-concept floor plan is perfect for entertaining & everyday living. A grand entry welcomes you into a light-filled interior with sprawling hardwood floors. One private guest suite is at the front of the home. A dedicated study with French doors is ideal for working from home. The media room is a true standout, complete with a full home theater setup, whole-home audio, and beverage refrigerator—perfect for movie nights or game-day gatherings. The separate dining room showcases stunning lagoon views, an unforgettable setting for entertaining. The gourmet kitchen serves as the heart of the home, boasting a large island, KitchenAid appliances, and lighted upper cabinetry. It opens seamlessly to an oversized breakfast area and a spacious living room with a stunning custom fireplace. The private primary suite offers a peaceful retreat with a bay window and a spa-inspired bath. The secondary bedrooms are connected by a Jack-and-Jill bath. Built for both, luxury and long-term peace of mind, this home features a post-tension foundation, reinforced with 47 PIERS for enhanced structural stability. Enjoy 3 garages (double plus single) with electric vehicle charger. Step outside to the expansive covered patio and take in breathtaking views of the catch-and-release pond w beautifully designed native Texas landscaping. Unforgettable sunset views await! Experience the pinnacle of luxury in this exceptional home in Prosper’s most sought-after, resort-style community, with multiple pools, a gym, tennis, pickleball, & basketball courts, children’s splash park, event lawn and dock. Propser ISD! All just minutes from shopping, dining and the PGA headquarters.

Investor Tools

$291,382Estimated Mortgage Balance
$872,223Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,050 /month
Positive
Cash Flow Estimate:
$2,350 /month

Interested in this property?

Karola Sajuns

Karola Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,563/month
$210/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$886,686
2025
$301,087
$764,308
$1,065,395
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$886,686

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Conventional
$330,000
No
First
Jul 24, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$291,382
$883,618
75%
25%
$1,979/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$2,189/mo
+$1,261/mo
3.6%

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: Prosper

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3900 Pepper Grass Ln | Property Details | No Agent List