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$10,250,000

6416 Old Gate Road, Plano, TX, 75024

$10,340,299 ARVInfo
On MarketInfo
Beds6 Beds
Baths10 Bath
Baths14,636 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$700.33 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 7.5Bathrooms Full 7.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Electric Water Heater, Gas Cooktop, Gas Range, Ice Maker, Microwave, Washer, Wine Cooler
FlooringCombination, Hardwood, Marble, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Rain Gutters, Lighting, Private Yard, Tennis Court(s), Other
Lot Size2.21 acres

Building Information

Year Built2000
Roof Type105
Garage Spaces6

Land Information

APNR220662
Lot Number5R
SubdivisionKings Gate
Land UseResidential
Legal DescriptionKINGS GATE BLK C LOT 5R ACRES 2.214
Census Tract021626
Assessed Land Value$872,682
Assessed Improvement Value$3,017,180
Assessment Year2025

About this property

Exuding timeless elegance, this Mediterranean Spanish style revival estate rises as a rare expression of Old-World artistry and luxury, where every detail has been curated to evoke the feeling of a private European villa set within an exclusive Texas sanctuary. The residence rests on 2.214 acres of land in the prestigious King’s Gate neighborhood. The estate is positioned on a commanding homesite, capturing sweeping greenbelt vistas and unforgettable sunset skies. From the moment of arrival, the architecture reveals itself with quiet grandeur, arched forms, hand-finished detailing, and a sense of proportion that feels both timeless and intentional. The residence offers 6 bedrooms, including a private casita suite designed for guests or multigenerational living while thoughtfully separated with a stone fountain courtyard. Inside the home transitions into a world of refined interiors and layered craftsmanship. The first-floor executive study is a statement of quiet sophistication, framed by arched windows, enriched with detailed millwork, and a fireplace that anchors the space in warmth and tradition. Within, a dedicated golf simulator lounge offers a rare and refined amenity for enthusiasts, perfectly complemented by an outdoor putting green for year-round enjoyment. Wellness and recreation are thoughtfully woven into the estate, with a full exercise room, and a private tennis-basketball sport court. A 5-car garage with one bay thoughtfully converted into a wellness space. Below, hidden within the architecture of the home, a climate-controlled wine cellar awaits, wrapped in natural stone and rich wood finishes. Behind arched iron doors, curated wine displays unfold in an atmosphere reminiscent of a European estate tasting room. The outdoor grounds feature a resort-style pool with a gazebo, and lush landscaping. Every space has been composed to deliver a sense of permanence, privacy, and elevated living, an estate that is not simply lived in, but experienced.

Investor Tools

$4,221,054Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$10,340,298
Rent-to-Value Ratio: 0.72%
Rent Estimate
$61,500 /month
Positive
Cash Flow Estimate:
$20,500 /month

Interested in this property?

L.J. Erickson

Duggan Realty Advisors L.L.C.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$5,563/month
$2,299/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$47,311
$3,889,862
2025
$872,682
$3,017,180
$3,889,862
No

Tax History

Year
Tax Paid
Assessed Value
2024
$47,311
$3,889,862

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Veritex Community Bank
Arm (Adjustable Rate Mortgage)
$1,453,050
No
First
Apr 24, 2019
Apr 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$4,221,054
N/A
0%
109%
$25,170/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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