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$659,900

716 Elmwood Drive, Flower Mound, TX, 75022

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,468 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$267.38 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating GasHeating Gas
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringConcrete, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBuilt-in Barbecue, Outdoor Shower
Lot Size20,983 sqft

Building Information

Year Built1950
Stories2
Roof Type112

Land Information

APNR13598
Lot Number12
SubdivisionShady Point Acres
Land UseResidential
Legal DescriptionSHADY POINT ACRES LOT 12
Census Tract021756
Assessed Land Value$173,342
Assessed Improvement Value$441,291
Assessment Year2025

About this property

Stunning Lake-House Style Retreat Near Grapevine Lake. Discover this one-of-a-kind lake-house style home, just a short walk to Grapevine Lake and the Northshore Trails. This custom log cabin-inspired residence features a solid wood exterior and a durable metal roof, set on nearly half an acre of serene, private land. Step outside to your backyard oasis, complete with a sparkling pool, covered patio, built-in grill, and mature trees, perfect for entertaining or relaxing in nature. Enjoy the charm of a wrap-around porch and a wrought iron front door that warmly welcomes you inside. Inside, a grand staircase with natural wood rails leads to an open floor plan with soaring vaulted ceilings. The completely custom kitchen boasts a massive granite island, custom cabinets, breakfast bar, and a spacious breakfast nook. Unique pine, spruce, and cedar wood accents throughout the home add warmth and character. At the heart of this property lies the original 1950s cabin, transformed into a luxurious master retreat with a large soaking tub, walk-in tiled shower, and cozy fireplace. The rest of the home, thoughtfully built around the original structure in 2010, blends historical charm with modern comforts. The spacious living room features a striking stone fireplace, while the first floor also includes a guest bedroom and full bath. Upstairs, a loft leads to an additional bedroom and a massive walk-out attic, fully insulated and ready to convert into a fourth bedroom, office, or flex space. Located just minutes from the Lakeside area, this home offers easy access to restaurants, shopping, boutiques, coffee shops, and major highways. Zoned for the highly sought-after LISD, including Flower Mound High School, this exceptional property is truly a rare gem. Don’t miss your chance to make it yours!

Investor Tools

Property Icon
$693,000
Estimated Property Value
$0Estimated Mortgage Balance
$386,076Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,158 /month
Positive
Cash Flow Estimate:
$1,386 /month

Interested in this property?

Rebekah Gilbert

Century 21 Mike Bowman, Inc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$629/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,085
$475,833
2025
$173,342
$441,291
$614,633
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,085
$475,833

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$340,000
No
First
May 19, 2021
Jun 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$306,924
$386,076
55%
44%
$2,039/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,039/mo
+$921/mo
5.1%

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: Flower Mound

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716 Elmwood Drive | Property Details | No Agent List