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Days34Days on Market
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$699,500

$715,000

7821 Kentmere, The Colony, TX, 75056

On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths2,014 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$347.32 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Tankless Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen, Private Yard
Lot Size12,197 sqft

Building Information

Year Built2016
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR693244
Lot Number34
SubdivisionTullamore Meadows At Tribute Phase 2a
Land UseResidential
Legal DescriptionTULLAMORE MEADOWS AT TRIBUTE PHASE 2A BLK B LOT 34
Census Tract021534
Assessed Land Value$226,146
Assessed Improvement Value$398,854
Assessment Year2024

About this property

Welcome to 7821 Kentmere, an exceptional luxury residence nestled on a premium over quarter-acre cul-de-sac lot in the exclusive Village of Waterford Point at The Tribute. Backing to one of the community's picturesque canals with tranquil fountain, this home offers breathtaking water views, expansive backyard, and unmatched resort-style lifestyle. Inside, soaring ceilings, sleek tile flooring, designer finishes, and walls of windows create a light-filled open-concept floor plan ideal for everyday living and entertaining. Gourmet kitchen showcases an oversized quartz island, rich cabinetry, stainless steel appliances, 5-burner gas cooktop, designer backsplash, walk-in pantry, and pull-out trash cabinet. The spacious living room features tray ceiling, gas fireplace, striking accent wall, and seamless flow to the dining area and versatile sunroom overlooking the peaceful water. The luxurious primary suite offers serene water views and spa-inspired bath with dual vanities, quartz countertops, and oversized walk-in shower. Secondary bedroom is generously sized with walk-in closet and abundant natural light. Outdoor living is equally impressive with an oversized covered patio featuring an outdoor fireplace, built-in grill and griddle, ceiling fan, and endless space to relax or entertain while overlooking the expansive backyard and canal. Waterford Point residents enjoy exclusive access to a private lakeside clubhouse with a resort-style pool and spa, fitness center, outdoor gathering areas, kitchen, event space, and dedicated lifestyle coordinator, while also enjoying all of The Tribute's award-winning amenities including two championship golf courses overlooking Lake Lewisville, multiple resort-style pools, splash park, pickleball courts, dog park, scenic trails, parks, and the highly anticipated Marina opening with approximately 400 slips this year and another 400 planned for 2027. Luxury living and resort-style amenities come together in one extraordinary opportunity.

Investor Tools

Property Icon
$722,000
Estimated Property Value
$0Estimated Mortgage Balance
$722,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,332 /month
Positive
Cash Flow Estimate:
$1,444 /month

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Stacey Leslie

EXP REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$339/month
$1,237/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$455
$625,000
2024
$226,146
$398,854
$625,000
No

Tax History

Year
Tax Paid
Assessed Value
2023
$455
$625,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$722,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,237/mo
+$1,103/mo
3.9%

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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7821 Kentmere | Property Details | No Agent List