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$750,000

705 Heather Woods Drive, Tool, TX, 75143

$975,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths3,250 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$230.77 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

ARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan, Wine Cooler
FlooringTile, Vinyl

Exterior

Exterior FeaturesBalcony, Lighting

Building Information

Year Built2024
Garage Spaces2

Land Information

APN2967-0001-0740-63
Lot Number74
SubdivisionHeather Woods Iii (22)
Land UseSingle Family Residence
Legal DescriptionLT 74 AB 659 N G RUSSELL SUR, HEATHER WOODS III, BLK A LT 74
Census Tract950801
Assessed Land Value$15,000
Assessed Improvement Value$559,486
Assessment Year2025

About this property

Welcome to luxury lakeside living in the exclusive gated community of Heather Woods on Cedar Creek Lake. This beautifully crafted home offers the perfect blend of elegance, comfort, and outdoor living, all set on a spacious lot with scenic lake views. Designed with both everyday living and entertaining in mind, the open-concept floor plan features soaring ceilings, abundant natural light, rich hardwood flooring, and thoughtfully selected finishes throughout. The chef-inspired kitchen flows seamlessly into the main living area, creating a warm and inviting space to gather with family and friends. The main level offers a private primary retreat complete with a spa-like ensuite bath and direct access to the covered outdoor living area. A secondary bedroom with its own private bath is also conveniently located downstairs. Upstairs, you’ll find two additional bedrooms, a full bathroom, and a versatile loft that opens onto a private balcony overlooking the surrounding landscape and lake. One of the home’s standout features is its exceptional connection to the outdoors. The living room, kitchen, and primary suite all open directly to an overlooking the newly enhanced backyard. Recently improved for greater functionality and enjoyment, the outdoor space provides the perfect setting for morning coffee, evening sunsets, weekend gatherings, or simply relaxing while enjoying the peaceful lake atmosphere. Residents of Heather Woods enjoy exclusive access to community amenities including a private boat ramp, fishing dock, fitness center, and walking trails. Conveniently located just over an hour from Dallas, this property offers the ideal opportunity for full-time lake living or a luxurious weekend retreat. Additional opportunity: The lot directly behind the home is also available for purchase, providing added privacy, expanded outdoor space, or future possibilities.

Investor Tools

Property Icon
$674,000
Estimated Property Value
$0Estimated Mortgage Balance
$674,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$975,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

Interested in this property?

Leslye Carlos

Mersaes Real Estate, Inc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,108/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,931
$574,486
2025
$15,000
$559,486
$574,486
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,931
$574,486

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$674,000
100%
0%
$0/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.

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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: Tool

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705 Heather Woods Drive | Property Details | No Agent List