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Days40Days on Market
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$2,400,000

701 Inverness Ln, Lucas, TX, 75002

On MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,661 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$514.91 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5.5Bathrooms Full 5.5
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Double Oven, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Outdoor Grill, Outdoor Shower, Private Entrance
Lot Size2.53 acres

Building Information

Year Built2020
Stories1
Garage Spaces3

Land Information

APNR-11241-00A-0150-1
Lot Number15
SubdivisionStinson Highlands Phase 3 (Clu)
Land UseResidential
Legal DescriptionSTINSON HIGHLANDS PHASE 3 (CLU), BLK A, LOT 15
Census Tract031326
Assessed Land Value$641,178
Assessed Improvement Value$1,678,460
Assessment Year2025

About this property

Nestled in the exclusive Stinson Highlands neighborhood and served by highly sought-after Lovejoy ISD, this one-of-a-kind, single-story custom estate sits on 2.5 picturesque acres and offers a rare blend of refined luxury, privacy, natural beauty, and everyday comfort. Enjoy quiet, serene views from the private covered patio while dining al fresco or sipping morning coffee overlooking two ponds with fountains, a wooded creek, greenbelt views, and abundant wildlife. Inside, rich hardwood flooring, soaring ceilings, and expansive windows create a bright, inviting atmosphere. The stunning great room serves as the heart of the home with a vaulted ceiling, elegant chandelier, electronic fireplace, and seamless views of the covered patio, resort-style pool, greenbelt, and ponds. Designed for entertaining and everyday living, the chef’s kitchen with quartzite countertops, premium Thermador appliances, large island, custom cabinetry, pass-through hutch to the dining room, and a separate prep kitchen with additional refrigerator, dishwasher, sink, storage, and pantry space. The luxurious primary suite captures tranquil backyard and water views and features a spa-inspired bath with dual vanities, soaking tub, oversized walk-in shower, bidet, and custom closet with built-in dresser. A secondary primary suite provides excellent flexibility for guests, extended family, or multigenerational living. Outdoor living is exceptional with a 34-foot pool, tanning ledge, raised spa, enclosed outdoor shower, and expansive covered patio with multiple seating areas, natural gas grill, beverage refrigerator, TV area, and outdoor audio. Additional highlights include a private study, formal dining, game room, xtra storage, whole-house Generac generator, monitored network, gigabit inet, security system, ext. cameras, Ring doorbell, remote-controlled roller shades, and Ethernet-connected entertainment systems. A truly special property in one of North Texas’ most desirable school districts.

Investor Tools

Property Icon
$2,319,638
Estimated Property Value
$1,088,000Estimated Mortgage Balance
$1,329,864Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,400 /month
Positive
Cash Flow Estimate:
$4,800 /month

Interested in this property?

Lance Taylor

Keller Williams Legacy

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,131/month
$1,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$25,975
$2,319,638
2025
$641,178
$1,678,460
$2,319,638
No

Tax History

Year
Tax Paid
Assessed Value
2024
$25,975
$2,319,638

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$1,088,000
No
First
Sep 14, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$989,774
$1,329,864
57%
43%
$6,524/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: Lucas

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701 Inverness Ln | Property Details | No Agent List