




$557,557
NAL Estimated Property Value5124 Grovewood Dr, McKinney, TX, 75071
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Rare 3-CAR GARAGE, One and a half story home, with a potential in-law suite, on 1st floor, in sought-after Prosper Independent School District, and in McKinney! WOW! This beautifully designed K. Hovnanian Home offers a RARE custom floor plan ideal for multi-generational living. Featuring a private in-law suite complete with its own living area, bedroom, and a custom widened doorway for handicap accessibility to the full bath, this thoughtfully designed space provides flexibility and comfort for extended family or guests. This move-in-ready home features durable wood-look flooring, an open-concept layout, and a spacious kitchen with granite countertops overlooking the living room, creating the perfect setup for everyday living and entertaining. Upstairs offers a generously sized living, game, or media room along with an additional bedroom and full bath, providing extra living space and privacy. The quiet backyard includes a covered patio ideal for relaxing or entertaining outdoors. Additional highlights include a 3-car garage, Double Doors to the office, and a prime McKinney location with easy access to Costco, shopping, restaurants, and major highways for convenient commuting. Located within walking distance to John A. Baker Elementary School and Jim Ledbetter Community Park with playgrounds, trails, community pool, and open green space nearby, this home combines functionality, convenience, and a highly desirable location.
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: McKinney
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