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

$531,079

5309 Bluewater Drive, Frisco, TX, 75036

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,507 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179.1 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size8,390 sqft

Building Information

Year Built2012
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR497878
Lot Number13
SubdivisionThe Shores At Hidden Cove Phase Five
Land UseResidential
Legal DescriptionTHE SHORES AT HIDDEN COVE PHASE FIVE BLK F LOT 13
Census Tract021537
Assessed Land Value$124,824
Assessed Improvement Value$406,255
Assessment Year2025

About this property

Situated within the prestigious gated enclave of The Shores at Hidden Cove, just moments from Lake Lewisville and Hidden Cove Marina, this beautifully remodeled brick traditional offers an exceptional blend of elegance, comfort, and resort-style living. Enjoy effortless access to boating, fishing, lakeside dining, and scenic outdoor recreation—all just beyond your doorstep. Thoughtfully reimagined with a refined eye for design, this fabulous 1.5-story home spans approximately 2,507 SF and showcases a bright, open-concept layout complemented by chic, clean-lined interiors and a sophisticated all-white palette. Rich Luxury Plank Vinyl Floors grace the main level, while architectural details such as deep crown molding, art niches, wainscoting and custom paneling add timeless character throughout. The 1st floor is designed for both formal entertaining and everyday living, featuring elegant formals, including a striking dining room with cross-beamed ceiling and stainless steel chandelier. The expansive living room flows seamlessly into a gourmet kitchen, complete with granite countertops, stainless appliances, breakfast bar plus a breakfast area. A private office with French doors offers the perfect work-from-home retreat. The luxurious primary suite serves as a serene sanctuary, offering a spacious walk-in closet and elegant bath. Two additional bedrooms are generous-sized and feature well-appointed baths. Upstairs, the home continues to impress with a versatile game room and an oversized media room—both with new carpeting and ideal for entertainment. Outdoors, a covered patio invites year-round enjoyment and overlooks a sprawling backyard with space for a future pool. Located in one of Frisco’s most sought-after communities, residents enjoy exceptional amenities, including 2 community pools, playgrounds, scenic ponds, and covered picnic areas. Near Hidden Cove Park, the marina and hiking trails, this home offers a lifestyle of luxury, leisure, and convenience.

Investor Tools

Property Icon
$531,079
Estimated Property Value
$0Estimated Mortgage Balance
$144,847Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,186 /month
Positive
Cash Flow Estimate:
$1,062 /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
$1,032/month
$315/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,734
$531,079
2025
$124,824
$406,255
$531,079
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,734
$531,079

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Comerica Bank
Conventional
$417,600
No
First
May 24, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$386,232
$144,847
27%
73%
$2,023/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,070/mo
$2,338/mo
$-268/mo
4.7%

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: Frisco

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

5309 Bluewater Drive | Property Details | No Agent List