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$735,000

881 Waterview Drive, Prosper, TX, 75078

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,584 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.08 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size9,024 sqft

Building Information

Year Built2016
Stories2
Garage Spaces3

Land Information

APNR-10872-00D-0110-1
Lot Number11
SubdivisionLakes Of Prosper North Phase 2 (Cpr)
Land UseResidential
Legal DescriptionLAKES OF PROSPER NORTH PHASE 2 (CPR), BLK D, LOT 11
Census Tract030304
Assessed Land Value$190,000
Assessed Improvement Value$558,000
Assessment Year2025

About this property

PLEASE SUBMIT OFFERS BY 12:00 NOON MONDAY, 4-25. Spectacular North Facing custom home in highly desirable Lakes of Prosper. This impeccably maintained home is located just steps away from premier Frontier Park and Prosper Highschool. This spacious beauty features 3 living areas, 4 BR and 4BA, den, game room and media room. Two bedrooms on 1st floor, both with their own ensuites. The home also offers Hand Scraped Hard Wood floors, stone fireplace, Knotty Alder Quaker cabinets, stainless steel appliances and gas cooktop a large owner's suite with jetted tub, tankless water heater, radiant barrier 3 car garage, and much more! Escape to your large backyard and relax in your pergola covered Therapy Spa or covered back porch. This community offers a pool, playground and fishing pond. No PID or MUD tax associated with this property. Buyer will need to obtain a new Survey.

Investor Tools

Property Icon
$856,000
Estimated Property Value
$0Estimated Mortgage Balance
$224,923Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,136 /month
Positive
Cash Flow Estimate:
$1,712 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,458/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,211
$748,000
2025
$190,000
$558,000
$748,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,211
$748,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$680,000
No
First
May 25, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$631,077
$224,923
26%
74%
$3,346/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$4,246/mo
$-796/mo
4.8%

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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