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$850,000

740 Salada Dr, Prosper, TX, 75078

PendingInfo
Beds5 Beds
Baths4 Bath
Baths4,439 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.48 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4.5Bathrooms Full 4.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Double Oven, Tankless Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesAwning(s), Rain Gutters, Lighting

Building Information

Year Built2013
Stories2
Garage Spaces2

Land Information

APNR-10342-00C-0180-1
Lot Number18
SubdivisionLakes Of La Cima Phase Six B (Cpr)
Land UseResidential
Legal DescriptionLAKES OF LA CIMA PHASE SIX B (CPR), BLK C, LOT 18
Census Tract030303
Assessed Land Value$215,000
Assessed Improvement Value$677,955
Assessment Year2025

About this property

Welcome to one of Lakes of La Cima's most sought-after floorplans in Prosper ISD. Situated on a quiet oversized interior homesite, this meticulously maintained 4,439-square-foot home showcases a grand double-door entry, dramatic curved staircase, soaring ceilings, real nail-down hardwood floors, and a highly desirable layout with two first-floor ensuite bedrooms. A grand entry with impressive double front doors opens to a dramatic staircase, soaring two-story ceilings, and beautiful real nail-down hardwood flooring extending throughout the main living areas, study, and formal dining room—a rare upgrade that adds warmth and lasting quality. Designed for entertaining and everyday living, the open-concept floorplan features a spacious family room and gourmet island kitchen with granite countertops, stainless steel appliances, a gas cooktop, abundant cabinetry, and generous prep space. A highly sought-after first-floor layout offers two private ensuite bedrooms, including the secluded owner's retreat and a secondary guest suite ideal for multigenerational living or long-term guests. A dedicated study with custom built-ins provides the perfect work-from-home space. Upstairs offers a spacious game room, dedicated media room, and three additional split bedrooms. The backyard is designed for relaxing and entertaining with a sparkling pool, extended covered pergola, and freestanding hot tub. Additional highlights include a tankless water heater, Tesla EV charger, Rachio smart irrigation system, and extensive hardwood flooring. Located in the award-winning master-planned community of La Cima, residents enjoy resort-style pools, scenic trails, parks, playgrounds, pickleball and tennis courts, and community events. Minutes from the Dallas North Tollway, PGA Frisco, The Fields, shopping, dining, and zoned to Walnut Grove High School, this exceptional Prosper home offers luxury living in one of North Texas' most desirable communities.

Investor Tools

$354,468Estimated Mortgage Balance
$540,618Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,358 /month
Positive
Cash Flow Estimate:
$1,786 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,382/month
$79/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,125
$892,955
2025
$215,000
$677,955
$892,955
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,125
$892,955

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$395,779
No
First
Dec 10, 2020
Jan 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$354,468
$538,487
60%
40%
$2,373/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: Prosper

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740 Salada Dr | Property Details | No Agent List