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Days90Days on Market
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$950,000

$975,000

721 Kensington Drive, McLendon Chisholm, TX, 75032

On MarketInfo
Price DropInfo
Beds4 Beds
Baths4 Bath
Baths3,947 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$240.69 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCeramic Tile, Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesGas Grill, Rain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen, Private Yard, Storage
Lot Size1.28 acres

Building Information

Year Built2017
Stories1
Garage Spaces3

Land Information

APN4099-000D-0062-00-0R
Lot Number62
SubdivisionKensington Park Phase 1
Land UseResidential
Legal DescriptionKENSINGTON PARK PHASE 1, BLOCK D, LOT 62
Census Tract040513
Assessed Land Value$153,336
Assessed Improvement Value$727,583
Assessment Year2025

About this property

Luxury living meets the laid-back lake lifestyle just minutes from Lake Ray Hubbard. Imagine starting your mornings with a walk along the water, afternoons on the boat, and evenings relaxing in your own private backyard retreat. Located in one of Rockwall County's most desirable areas, this home offers not just space, but a lifestyle. Step outside and you’ll find a resort-style backyard designed for year-round enjoyment. The sparkling pool and hot tub are perfectly positioned for entertaining or unwinding after a long day. A spacious screened-in outdoor living area features an outdoor kitchen, fireplace, and ample seating space, ideal for game days, family gatherings, or quiet evenings by the fire. Inside, soaring ceilings and abundant natural light create an impressive yet inviting atmosphere. The spacious living and dining rooms flow seamlessly, highlighted by rich wood floors that continue into the game room and private office. The chef’s kitchen is the heart of the home, showcasing a massive island perfect for entertaining, a walk-in pantry, and generous prep space. This thoughtfully designed floorplan includes 4 bedrooms, 3.5 bathrooms, a dedicated office, game room, home theater, and flex space currently used as a workout room. The primary suite is a true retreat, featuring direct access to the backyard. Step straight out to your hot tub and pool for a late-night soak or peaceful morning start. Additional highlights include remote temperatures control in the 2-car garage, transfer switch for whole home generator, and a third garage bay perfect for storing your lawn mower and recreational toys. With its proximity to the lake, vibrant dining and shopping, and easy access to major commuting routes into Dallas, this home offers the perfect blend of luxury, functionality, and the elevated Rockwall lifestyle. Experience everyday living that feels like a vacation, right here in Rockwall.

Investor Tools

Property Icon
$965,000
Estimated Property Value
$0Estimated Mortgage Balance
$485,657Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,790 /month
Positive
Cash Flow Estimate:
$1,930 /month

Interested in this property?

Jorge Avila

Keller Williams Rockwall

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,230/month
$932/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,934
$880,919
2025
$153,336
$727,583
$880,919
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,934
$880,919

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$531,000
No
First
May 7, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$479,343
$485,657
50%
50%
$3,184/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$4,116/mo
$-1,106/mo
3.7%

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: McLendon Chisholm

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721 Kensington Drive | Property Details | No Agent List