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Days54Days on Market
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$2,400,000

$1,999,000

505 S Bluegrove Road, Lancaster, TX, 75146

On MarketInfo
Price DropInfo
Beds5 Beds
Baths5 Bath
Baths5,797 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$414.01 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 5Bathrooms 5
AppliancesDishwasher, Gas Cooktop, Double Oven
FlooringCarpet, Other, Tile

Exterior

Private PoolPrivate Pool
Lot Size7.43 acres

Building Information

Garage Spaces4

Land Information

APN360319000A01R0000
Lot Number1R
Land UseQualified Open Space Land
Legal DescriptionFULLER 2 PLAT BLK A LT 1R ACS 7.4314 FOR HS SEE 360319000A01R00HS INT201600188110 DD07072016 CO-DC 0319000A00100 4CN0319000A
Census Tract016802
Assessed Land Value$178,340
Assessment Year2025

About this property

Welcome to an extraordinary estate set on 11.9 acres offering a resort style living just 17 minutes from Dallas, Texas. Designed for those who want it all, this property delivers unmatched space, luxury, and the ultimate setting for entertaining. From the moment you arrive, the scale is undeniable. Inside, the main level features three expansive living areas, each anchored by its own fireplace, creating multiple spaces to gather and relax. A dedicated office adds functionality, while the main-level primary suite offers a private retreat with an oversized spa-style bath and an expansive closet. At the heart of the home, a professional grade chef’s kitchen is built to impress, complemented by a separate guest quarters complete with its own bedroom, bathroom, kitchen, and living area, perfect for extended stays or multi-generational living. Outside, experience true resort living, an in-ground fenced pool, a covered heated patio with outdoor kitchen and seating, and an upper-level covered balcony overlooking your private acreage. Solar panels add efficiency to this already exceptional property. Ideally located near I-35E and I-20. Enjoy convenient access to shopping, dining, entertainment, and parks in Lancaster, DeSoto, and surrounding areas. This is more than a home, it’s a private retreat built for entertaining, relaxing, and living at a higher level. Opportunities like this are rare! Schedule your private tour and experience it before it’s gone. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home. Some images are Virtually Staged

Investor Tools

Property Icon
$178,340
Estimated Property Value
$0Estimated Mortgage Balance
$178,340Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,400 /month
Positive
Cash Flow Estimate:
$4,800 /month

Interested in this property?

Raymond Garrido

Orchard Brokerage

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$75/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14
$178,340
2025
$178,340
N/A
$178,340
No

Tax History

Year
Tax Paid
Assessed Value
2025
$14
$178,340

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$178,340
100%
0%
$0/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: Lancaster

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505 S Bluegrove Road | Property Details | No Agent List