Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Street View of property
Street View

$805,461

505 Kappa Way, McKinney, TX, 75071

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths3,494 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$267.57 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Ice Maker, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesGas Grill, Lighting, Outdoor Grill, Storage

Building Information

Year Built2013
Stories2
Garage Spaces2

Land Information

APNR-10268-00A-0200-1
Lot Number20
SubdivisionShiloh Lakes Phase One (Cmc)
Land UseResidential
Legal DescriptionSHILOH LAKES PHASE ONE (CMC), BLK A, LOT 20
Census Tract030546
Assessed Land Value$250,800
Assessed Improvement Value$554,661
Assessment Year2025

About this property

Very Special, Meticulously Maintained Home With A Gorgeous Water View! Welcome to 505 Kappa Way, McKinney, TX — an exquisite sanctuary of sophistication, comfort, and timeless elegance. Nestled in a prestigious neighborhood with serene pond views, this exceptional property blends luxurious craftsmanship with thoughtful design for elevated living. Step inside through an 8 inch front door into a grand first floor adorned with rich 5 inch glue-down hardwood floors and timeless crown molding. The formal dining room exudes classic charm with its elegant chair rail accents. Ideal for multigenerational living, a private mother-in-law suite with a full bath provides unmatched comfort and convenience. The gourmet kitchen is a chef’s dream, featuring granite countertops, matching stainless steel appliances, a 30 inch 5-burner gas cooktop with vent, convection oven, and built-in microwave. Knotty alder cabinetry with Roman arch detailing, recessed lighting, and a functional layout complete this culinary masterpiece. Ascend the staircase accented by twisted wrought iron railings to find a spacious media room built for entertainment — boasting 5.1 surround sound prewire, a theater riser platform, and ambient sconce lighting. Your backyard oasis awaits with a fully gunite pool featuring two stunning custom waterfalls: an 8’ wide El-dago waterfall and a 36” high Table Rock cascade. Relax in the jetted spa that seats six or sip a drink at the swim-up bar. Enjoy warm Texas evenings under a 185 sq ft cedar shade arbor, complete with a built-in Angus Bull grill, fridge, and prewired sound system. Additional amenities include a Rinnai tankless water heater, Krestmark Cardinal vinyl double pane Blue tinted Low E240 Plus windows, Tech Shield radiant roof decking and a 6’ spruce privacy fence. 505 Kappa Way is more than a home—it's a lifestyle. Ask your agent for the 3D Tour link.

Investor Tools

Property Icon
$805,461
Estimated Property Value
$720,000Estimated Mortgage Balance
$5,196Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,609 /month
Positive
Cash Flow Estimate:
$1,870 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,268/month
$608/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,190
$805,461
2025
$250,800
$554,661
$805,461
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,190
$805,461

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Open End Mortgage / Open End With Future Advance Clause
$100,000
No
First
Feb 22, 2019
Mar 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$800,265
$5,196
0%
99%
$4,917/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: McKinney

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

505 Kappa Way | Property Details | No Agent List