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$680,000

8316 Inverness, The Colony, TX, 75056

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths3,325 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.51 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Lot Size5,153 sqft

Building Information

Year Built2016
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR524763
Lot Number4
SubdivisionThe Gardens At Tribute Ph 1
Land UseResidential
Legal DescriptionTHE GARDENS AT TRIBUTE PH 1 BLK E LOT 4
Census Tract021534
Assessed Land Value$133,982
Assessed Improvement Value$585,891
Assessment Year2025

About this property

Tucked inside The Tribute on Lake Lewisville, this home offers an incredible mix of thoughtful design, flexible living spaces and resort-style community amenities. Step out the front door and you’re just three houses away from scenic walking and biking trails, water views and the natural beauty The Tribute is known for. Residents enjoy infinity-style pools, splash pads, playgrounds, miles of lighted nature trails, two award-winning golf courses, pickleball courts and a new marina. Inside, an open, light-filled floor plan makes everyday living and entertaining easy. The spacious kitchen is the heart of this home, featuring an oversized island with bar seating, gas cooktop, walls of two-tone cabinets, abundant countertop space, a built-in desk and a generous pantry. Perfect for gathering with family and friends. The layout offers 4 bedrooms and 3 bathrooms, with the primary suite and one additional bedroom with bath located downstairs, ideal for visiting guests, multigenerational living or younger children. The downstairs offers a private office situated just off the primary suite, creating a quiet, dedicated workspace that could also function perfectly as a nursery. Upstairs, a media game room combo with a built-in wet bar and secondary bedrooms creates a great retreat space. Outdoor living is truly special here. The private side yard features a covered patio with a sparkling spa and built-in grill, creating a low-maintenance retreat ideal for relaxing or hosting guests. The side and back yards are designed for privacy and easy care, so you can spend more time enjoying the space and less time maintaining it. The garage includes a dedicated EV charging outlet, a valuable bonus for today’s buyers. The home is also zoned to highly regarded Prestwick STEM Academy, adding even more appeal to this exceptional property in one of the area’s premier lakefront golf communities.

Investor Tools

Property Icon
$719,873
Estimated Property Value
$344,000Estimated Mortgage Balance
$417,911Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,319 /month
Positive
Cash Flow Estimate:
$1,440 /month

Interested in this property?

Shyam Shrestha

DHS Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,514/month
$720/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,569
$719,873
2025
$133,982
$585,891
$719,873
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,569
$719,873

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Arm (Adjustable Rate Mortgage)
$344,000
No
First
Mar 13, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$302,540
$438,460
59%
42%
$1,887/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$2,607/mo
$-267/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.

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: The Colony

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8316 Inverness | Property Details | No Agent List