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$761,000

NAL Estimated Property Value

511 Highwater Crossing, McLendon Chisholm, TX, 75032

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,427 Sq Ft
price_per_sqft$224.39 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Double Oven, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size40,816 sqft

Building Information

Year Built2014
Stories1
Garage Spaces3

Land Information

APN3402-000C-0017-00-0R
Lot Number17
SubdivisionChisholm Crossing Phase Iv
Land UseResidential
Legal DescriptionCHISHOLM CROSSING PHASE IV, BLOCK C, LOT 17
Census Tract040508
Assessed Land Value$159,256
Assessed Improvement Value$536,841
Assessment Year2025

About this property

Experience the perfect blend of luxury & tranquility in this stunning Rockwall estate, situated on almost a 1 acre lot. This home is a true entertainer’s dream, featuring a meticulously landscaped backyard oasis complete with a heated pool & integrated spa, perfect for year-round relaxation.The outdoor living space is designed for gatherings, offering an expansive patio & custom stone fire pit where you can enjoy peaceful evenings under the stars. The heart of the home features a large family room that flows seamlessly into the open kitchen, offering expansive views of the beautiful backyard through a wall of windows. The downstairs also includes a formal dining room & office with closet space for extra storage. This home's primary bedroom is equipped with a spacious walk-in closet including custom built-ins for effortless organization. The primary bath is light & bright with new lighting, mirrors & shower faucet. Upstairs, an expansive open floor plan provides the ultimate retreat for children & guests, including a dedicated game room & media room. Three additional bedrooms, including one with an ensuite bath & a second full bathroom serving the other two rooms. Located in a quiet neighborhood known for its peacefulness & sense of community, the property provides a serene escape from the hustle & bustle. While you'll enjoy a small-town, lakeside atmosphere, you are only about 30 miles from Downtown Dallas, making for an easy commute to the city's premier dining, shopping & employment hubs. Zoned for Rockwall ISD, which is ranked among the top school districts state-wide. This home also features many recent updates including: tankless water heater '25, custom shelving system for primary closet & pantry, added cabinetry in Laundry & half bath, freshly painted exterior '26, 30 yr composition roof installed '24, new pool equipment (pump '24, heater '22 and control panel '22) , sprinkler system controls for front & back yard '24 & '25, landscape lighting '25

Investor Tools

Property Icon
$761,000
Estimated Property Value
$365,145Estimated Mortgage Balance
$395,855Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,614 /month
Positive
Cash Flow Estimate:
$1,538 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,194/month
$565/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,527
$696,097
2025
$159,256
$536,841
$696,097
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,527
$696,097

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$411,000
No
First
Aug 3, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$365,145
$395,855
52%
48%
$2,465/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$3,030/mo
$-20/mo
4.7%

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: McLendon Chisholm

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511 Highwater Crossing | Property Details | No Agent List