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$256,900

4614 W Lake Highlands Drive, The Colony, TX, 75056

Under ContractInfo
Beds3 Beds
Baths3 Bath
Baths1,504 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.81 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringCarpet, Laminate

Exterior

Lot Size6,247 sqft

Building Information

Year Built1972
Stories1
Roof Type105

Land Information

APNR08287
Lot Number16
SubdivisionGarza Lake Estates
Land UseResidential
Legal DescriptionGARZA LAKE ESTATES BLK 7 LOT 16
Census Tract021516
Assessed Land Value$121,875
Assessed Improvement Value$203,114
Assessment Year2025

About this property

Welcome to 4614 W Lake Highlands Drive in the heart of The Colony, where style, comfort, and location come together beautifully. This well-appointed home features an inviting open-concept layout with spacious living areas, abundant natural light, and thoughtful finishes throughout. The kitchen offers ample cabinetry, generous counter space, and a seamless flow into the dining and living areas, making it ideal for entertaining or everyday living. The private primary suite provides a relaxing retreat complete with a spacious ensuite bath and walk-in closet. Additional bedrooms and flexible living spaces offer room for guests, a home office, or growing families. Step outside to enjoy a beautifully sized backyard perfect for outdoor gatherings, relaxing evenings, or weekend entertaining. Conveniently located near Grandscape, shopping, dining, entertainment, and Lewisville Lake, this home offers easy access to major highways while being tucked inside one of North Texas’ most desirable communities. If you have questions about this home, please contact the listing agents Sharon Bartlett or Michael Hancock.

Investor Tools

$0Estimated Mortgage Balance
$324,989Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$614/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,743
$324,989
2025
$121,875
$203,114
$324,989
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,743
$324,989

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$324,989
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
N/A
+$2,340/mo
8.6%

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: The Colony

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