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$3,101,464

NAL Estimated Property Value

5601 Preakness Ln, Plano, TX, 75093

Off MarketInfo
Beds6 Beds
Baths9 Bath
Baths7,838 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$446.54 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 8.5Bathrooms Full 8.5
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Double Oven, Tankless Water Heater
FlooringCeramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBasketball Court, Rain Gutters, Outdoor Grill, Outdoor Kitchen
Lot Size1.49 acres

Building Information

Year Built1985
Stories1
Garage Spaces4

Land Information

APNR-0597-00B-018R-1
Lot Number18R
SubdivisionWillow Bend Country Phase One-R (Cpl)
Land UseResidential
Legal DescriptionWILLOW BEND COUNTRY PHASE ONE-R (CPL), BLK B, LOT 18R
Census Tract031668
Assessed Land Value$1,500,000
Assessed Improvement Value$1,601,464
Assessment Year2025

About this property

Welcome to luxury living in this rare single-story estate situated on a 1.5-acre corner lot in the heart of Willow Bend Country. An entertainer’s paradise, this home showcases a circular drive-up with a porte-cochere and a grand entryway that overlooks the sprawling backyard oasis. Make your way into the heart of the home and you’ll find a large gourmet kitchen with plenty of storage, a cocktail bar, a butler’s pantry, and an expansive living room perfect for hosting. As you retreat to the primary bedroom, cozy up next to the double-sided fireplace or enjoy spa-like amenities with full baths. Attached is a flex space with an additional private bathroom ideal for a nursery or fitness room. Large secondary bedrooms each with its private bathroom are on the opposite wing of the home. Outside hosts a sports court, outdoor kitchen, garden area, and a hard-to-find diving pool complete with a pool or guest house.

Investor Tools

Property Icon
$3,101,464
Estimated Property Value
$2,715,973Estimated Mortgage Balance
$385,491Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$21,000 /month
Positive
Cash Flow Estimate:
$7,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,269/month
$2,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$35,716
$3,101,464
2025
$1,500,000
$1,601,464
$3,101,464
No

Tax History

Year
Tax Paid
Assessed Value
2024
$35,716
$3,101,464

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Oakwood Bank
Conventional
$2,782,852
No
First
Mar 11, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,715,973
$385,491
12%
88%
$18,050/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: Plano

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5601 Preakness Ln | Property Details | No Agent List