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$583,000

5829 Cypress Cove Dr, The Colony, TX, 75056

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,032 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.77 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Barrel/Cistern(s)
Lot Size6,861 sqft

Building Information

Year Built1999
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR183276
Lot Number32
SubdivisionStewart Peninsula Cottonwood Springs Ph
Land UseResidential
Legal DescriptionSTEWART PENINSULA COTTONWOOD SPRINGS PH 1 BLK E LOT 32
Census Tract021516
Assessed Land Value$102,900
Assessed Improvement Value$391,395
Assessment Year2025

About this property

Welcome to this gorgeous 4-bedroom, 2.5-bath corner-lot home in the highly desirable Stewart Peninsula. Nestled near Lake Lewisville and within walking distance to a scenic golf course, this residence offers a blend of comfort, fun, and unbeatable location. The flowing floor plan boasts high ceilings throughout and comes with appliance upgrades: NEW electric tankless water heater 2025 & NEW downstairs AC 2025 (both with warranty included). From the moment you enter, you will be enchanted by a beautiful high ceiling entryway and abundant natural light from the tall windows. The main floor has a spacious dining room, an open-concept kitchen with SS gas cooktop & hooded vent and ample cabinetry overlooking the living room. Primary suite is a true retreat featuring a garden tub, separate seamless glass shower, double vanities, oversized mirror, and a large walk-in closet. Upstairs is a family room, 3 spacious bedrooms & updated full bath with double sinks. The extra flex room is perfect for a playroom, office, or creative space. Stewart Peninsula offers exceptional amenities including a 9-hole golf course and driving range, an adults-only infinity pool with lake views, a family pool with water slides, a sandy swimming beach, fishing pier, boat ramp, playgrounds, and miles of trails. The community is conveniently located just minutes from top-rated schools, the vibrant Grandscape district with endless dining, shopping, and entertainment, and close to HWY 121 for easy commuting. Enjoy lakeside living and schedule your private tour today!

Investor Tools

Property Icon
$583,000
Estimated Property Value
$365,600Estimated Mortgage Balance
$251,682Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,498 /month
Positive
Cash Flow Estimate:
$1,166 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,065/month
$620/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,863
$494,295
2025
$102,900
$391,395
$494,295
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,863
$494,295

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid-American Mortgage Inc
Conventional
$365,600
No
First
Jun 16, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$331,318
$251,682
43%
57%
$2,192/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,060/mo
$2,812/mo
+$248/mo
6.3%

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: The Colony

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5829 Cypress Cove Dr | Property Details | No Agent List