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$1,749,000

689 Dancing Water Drive, Frisco, TX, 75036

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths7 Bath
Baths5,353 Sq Ft
price_per_sqft$326.73 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 6.5Bathrooms Full 6.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Double Oven, Wine Cooler
FlooringMarble, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size12,458 sqft

Building Information

Year Built2021
Stories2
Roof Type105
Garage Spaces4

Land Information

APNR695404
Lot Number8
SubdivisionPhillips Creek Ranch Phase 7-A
Land UseResidential
Legal DescriptionPHILLIPS CREEK RANCH PHASE 7-A BLK D LOT 8
Census Tract021540
Assessed Land Value$332,752
Assessed Improvement Value$1,162,309
Assessment Year2025

About this property

Exceptional north-facing luxury home on a quarter-acre lot in the sought-after Phillips Creek Ranch. A rare 2nd primary suite upstairs is ideal for multigenerational living, guests, or teens, featuring a walk-in closet, luxury freestanding tub, oversized shower with built-in bench, & designer tile extending to the ceiling. This home showcases timeless elegance & exceptional craftsmanship, this stunning residence offers a grand curved wrought-iron staircase, marble flooring, herringbone wood floors, designer lighting, tray ceilings, central vacuum system, & an extended family room with fireplace. The chef's kitchen is a true showpiece, featuring a waterfall island, built-in Sub-Zero refrigerator, double ovens, 6-burner gas cooktop, upgraded soft-close cabinetry, spice rack, dual Lazy Susans, & abundant storage. The extended breakfast area overlooks the living spaces, while the study offers custom built-in shelving & cabinetry. The spacious laundry room provides extensive counter space & storage. The primary suite is a spa-like retreat with 3 shower heads, a soaking tub, separate vanities, dedicated vanity area, & oversized walk-in closet. Every bedroom enjoys its own ensuite bath, plus convenient half baths on both levels for guests. Designed for entertaining, the game room features a built-in wet bar that flows seamlessly into the media room. Sliding glass doors open to an extended covered patio with ceiling fan, creating the perfect indoor-outdoor living experience. Additional highlights include a 4-car tandem garage, abundant storage, tile roof & striking stone elevation. Ideally positioned just a short walk from one of PCR's scenic lakes, parks, & walking trails, this home offers access to over 100 acres of green space, lakes, bike trails, resort-style pools & trails connecting surrounding neighborhoods. Feeds to exemplary Frisco ISD schools. Prime location minutes from DNT, Hwy 121, dining, shopping & medical facilities.

Investor Tools

$1,076,792Estimated Mortgage Balance
$481,208Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,494 /month
Positive
Cash Flow Estimate:
$3,498 /month

Interested in this property?

Tonya Peek

Coldwell Banker Realty Frisco

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$879/month
$230/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,752
$1,495,061
2025
$332,752
$1,162,309
$1,495,061
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,752
$1,495,061

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$1,181,400
No
First
Oct 15, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,076,792
$481,208
30%
69%
$7,084/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: Frisco

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689 Dancing Water Drive | Property Details | No Agent List