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$1,374,000

7242 Waters Edge Dr, The Colony, TX, 75056

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,394 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$471.42 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Ice Maker, Microwave, Convection Oven, Double Oven, Vented Exhaust Fan, Warming Drawer
FlooringCeramic Tile, Granite, Marble, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesAwning(s), Courtyard, Covered Courtyard, Rain Gutters, Lighting, Uncovered Courtyard
Lot Size21,898 sqft

Building Information

Year Built2007
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR191484
Lot Number11R
SubdivisionThe Water's Edge
Land UseResidential
Legal DescriptionTHE WATER'S EDGE BLK B LOT 11R
Census Tract021516
Assessed Land Value$386,968
Assessed Improvement Value$440,274
Assessment Year2025

About this property

Welcome to your dream oasis nestled within the ultra exclusive gated community of The Waters Edge, where luxury and sophistication merge to create an unparalleled living experience. This magnificent Tuscan Villa boasts an array of custom features and exquisite finishings, offering an unmatched level of comfort and elegance. The Villa's exterior is a masterpiece of architectural design and its grandeur is immediately evident as you approach. Step inside to discover a meticulously curated interior that exudes opulence and warmth. High-end finishes and the finest materials have been used throughout, creating an atmosphere of refinement. The villa's outdoor living spaces are a true testament to luxury living, with a private piazza and pool, and two terraces for entertaining while taking in sunset lake views. This Villa is conveniently located in the heart of Dallas, offering easy access to the PGA Frisco, The Star, The Grandscape, and DFW airport while still providing a peaceful sanctuary.

Investor Tools

Property Icon
$1,374,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,374,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,600 /month
Positive
Cash Flow Estimate:
$3,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,154/month
$525/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,982
$827,242
2025
$386,968
$440,274
$827,242
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,982
$827,242

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,374,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,060/mo
$525/mo
+$2,535/mo
2.7%

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.

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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: The Colony

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7242 Waters Edge Dr | Property Details | No Agent List