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$626,000

708 Summer Pl, Murphy, TX, 75094

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,359 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$265.37 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard

Building Information

Garage Spaces3

About this property

Welcome to 708 Summer Place — Murphy, TX 75094 Tucked away on a sprawling half-acre lot in the heart of Murphy, this beautifully updated 3-bedroom, 2-bath home offers the rare combination of space, privacy, and modern upgrades that today's buyers are searching for. Step inside and be greeted by hardwood floors and a warm, neutral color palette that flows seamlessly throughout, creating a timeless backdrop ready for any style of décor. The recently renovated kitchen is the heart of the home, featuring thoughtful updates that make cooking and entertaining a pleasure. The fully updated primary bath offers a spa-like retreat where every detail has been carefully considered. With over 2,300 square feet of living space, there's room for everyone — and the opportunities don't stop at the back door. Car enthusiasts, hobbyists, and work-from-home professionals will love the detached 3-car garage with a private office, offering flexibility that is truly hard to find. A 2-car carport provides even more covered parking for guests, boats, or extra vehicles. The expansive lot gives you the outdoor freedom rarely found in today's market — with room to entertain, garden, or simply enjoy the Texas sky in your own backyard. All of this in Murphy, known for its top-rated Wylie ISD schools, friendly neighborhoods, and convenient access to Hwy 75 and the George Bush Tollway. This one checks every box. Come see it before it's gone.

Investor Tools

Property Icon
$554,000
Estimated Property Value
$263,000Estimated Mortgage Balance
$90,453Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,756 /month
Positive
Cash Flow Estimate:
$1,252 /month

Interested in this property?

Debby Lane

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$754/month
No HOA
5.947%

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: Murphy

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708 Summer Pl | Property Details | No Agent List