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Days223Days on Market
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$499,000

$524,999

5108 Highlands Dr, McKinney, TX, 75070

On MarketInfo
Price DropInfo
Beds5 Beds
Baths3 Bath
Baths3,011 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.73 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListMust-SellDeal ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave
FlooringVinyl

Building Information

Year Built1999
Stories2
Garage Spaces2

Land Information

APNR-3576-00Q-0480-1
Lot Number48
SubdivisionEldorado Heights Section Ii Phase Ii (Cm
Land UseResidential
Legal DescriptionELDORADO HEIGHTS SECTION II PHASE II (CMC), BLK Q, LOT 48
Census Tract030515
Assessed Land Value$130,000
Assessed Improvement Value$341,928
Assessment Year2025

About this property

Welcome to 5108 Highlands Dr, a fully renovated 5-bedroom, 3-bathroom showpiece where no detail was overlooked. Spanning over 3,000 square feet across two stories, this home delivers the rare combination of space, style, and true peace of mind. From the moment you arrive, the transformation is unmistakable. A brand-new roof and fresh exterior signal what awaits inside, a home rebuilt to modern standards from top to bottom. Step inside to a free-flowing open floorplan anchored by a cozy fireplace, finished with brand-new flooring, fresh paint throughout, and updated fixtures in every room. The kitchen has been fully redesigned and is crisp, clean, and ready to enjoy the day you move in. It flows naturally into the breakfast area, making morning routines and weekend gatherings feel easy and comfortable. All three bathrooms have been completely renovated with contemporary finishes, giving every member of the household a polished, spa-like experience. The primary suite on the main floor is a rare find, offering single-story convenience without sacrificing space. Three additional bedrooms upstairs provide room for family, guests, or a dedicated home office. Bed room and full bath downstairs. The big stuff has been done for you. New roof, new gutters, new water heater, new floors, new fixtures throughout, new appliances, new washer dryer combo. You can move in and just enjoy it. Outside, a fenced backyard offers a peaceful space for outdoor living and entertaining. Zoned to McKinney ISD with Johnson Elementary nearby and easy access to Hwy 75, you are minutes from the best of McKinney, Frisco, and Allen. Fully updated. Truly move-in ready. Homes finished at this level do not last long.

Investor Tools

Property Icon
$471,928
Estimated Property Value
$353,018,836Estimated Mortgage Balance
$0Estimated Equity
-74704% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

Interested in this property?

Tyler Kreis

TK Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$885/month
$290/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,263
$471,928
2025
$130,000
$341,928
$471,928
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,263
$471,928

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citibank Na
Commercial
$353,018,836
No
First
Sep 19, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$306,474,584
N/A
0%
64941%
$2,116,527/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.

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

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