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$899,000

$925,000

8509 Scottys Lake Ln, The Colony, TX, 75056

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths3,465 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$259.45 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Double Oven, Tankless Water Heater, Wine Cooler
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size9,409 sqft

Building Information

Year Built2024
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR1028820
Lot Number19
SubdivisionWestbury At Tribute Phase 6
Land UseResidential Single Family
Legal DescriptionWESTBURY AT TRIBUTE PHASE 6 BLK A LOT 19
Census Tract021534
Assessed Land Value$197,658
Assessed Improvement Value$579,112
Assessment Year2025

About this property

Situated on a corner lot in the highly sought after community of The Tribute, this home offers an exceptional blend of luxury, functionality, and modern design. Spanning 3,465 square feet, this beautifully appointed home features four bedrooms, three full baths, two powder baths, and an impressive collection of flexible living spaces. The light filled interior showcases an elegant organic modern aesthetic, highlighted by wide plank light wood flooring, designer lighting, soaring ceilings, and 8ft solid core doors. At the heart of the home, the kitchen is thoughtfully designed, featuring premium cabinetry, a large island, commercial grade gas cooktop, double ovens, and abundant prep and storage space. The open concept layout flows seamlessly into the dining area and spacious living room, where a direct vent fireplace creates an inviting focal point. The main level offers exceptional convenience with a private primary suite, a secondary bedroom, and a well appointed laundry room. The luxurious primary retreat features a spa inspired bath with dual vanities, large frameless glass shower, and a generous walk in closet. Upstairs, you'll find two additional bedrooms, a spacious game room with dry bar, media room, and two versatile bonus rooms. Multiple sliding glass doors open to a covered patio and expansive backyard, creating effortless indoor outdoor living. The private driveway gate, large covered front porch, and generous outdoor space further enhance the home's appeal. Located just moments from community trails, parks, and the shores of Lake Lewisville, residents of The Tribute enjoy an unmatched lifestyle with resort style amenities including pools, splash pads, playgrounds, trails, courts, dog parks, community events, and access to The Tribute Golf Links and Old American Golf Club. With highly regarded schools, beautiful natural surroundings, and convenient access, this exceptional home offers the perfect balance of luxury, recreation, and everyday comfort.

Investor Tools

$569,516Estimated Mortgage Balance
$347,367Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,496 /month
Positive
Cash Flow Estimate:
$1,832 /month

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Chase Duran

Allie Beth Allman & Assoc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,572/month
$726/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,286
$776,770
2025
$197,658
$579,112
$776,770
No

Tax History

Year
Tax Paid
Assessed Value
2025
$14,286
$776,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$582,400
No
First
Mar 17, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$569,516
$360,484
38%
62%
$3,492/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,060/mo
$4,218/mo
$-1,158/mo
4.0%

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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8509 Scottys Lake Ln | Property Details | No Agent List