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$1,330,000

NAL Estimated Property Value

990 Elk Ridge Road, Prosper, TX, 75078

Off MarketInfo
Beds5 Beds
Baths6 Bath
Baths5,203 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$264.27 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5.5Bathrooms Full 5.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Outdoor Grill, Outdoor Kitchen, Private Yard

Building Information

Year Built2011
Stories2
Garage Spaces4

Land Information

APNR-9351-00D-0070-1
Lot Number7
SubdivisionDeer Run Addition (Cpr)
Land UseResidential
Legal DescriptionDEER RUN ADDITION (CPR), BLK D, LOT 7
Census Tract030303
Assessed Land Value$275,000
Assessed Improvement Value$1,000,648
Assessment Year2025

About this property

Welcome to this stunning Paul Taylor built home in the highly sought-after Deer Run community of Prosper, zoned to Walnut Grove High School in Prosper ISD. Situated on an oversized .418-acre lot, this exceptional property offers the perfect blend of luxury, functionality, and resort-style outdoor living. From the moment you step inside, you are greeted by a grand staircase, elegant formal dining room, and a private study - creating a warm yet sophisticated first impression. Rich hardwood floors, plantation shutters, custom ceiling treatments, and California Closets add to the home’s elevated design and thoughtful detail throughout. The spacious family room is anchored by a striking stone, gas starter fireplace and flows seamlessly into the chef’s kitchen - designed for both everyday living and entertaining. The kitchen features a large island, upgraded stainless steel appliances, and abundant custom cabinetry. The private primary suite and a guest bedroom with full ensuite bath are both conveniently located on the main level, offering ideal flexibility for guests or multi-generational living. Also downstairs, enjoy a media room, perfect for movie nights at home. Upstairs, you will find three generously sized bedrooms, each with their own ensuite bath, along with a spacious game room for additional living and entertaining space. Step outside to your own backyard retreat - complete with a sparkling pool and spa, waterfall and fountain features, and a tanning ledge. The screened-in patio and fully equipped outdoor kitchen and outdoor living with stone fireplace create the ultimate setting for year-round enjoyment. The porte-cochère leads to a 3 car garage and a private basketball court, adding even more functionality to this incredible property. This is truly a home where every detail has been thoughtfully designed - offering comfort, luxury, and an unbeatable Prosper location.

Investor Tools

Property Icon
$1,330,000
Estimated Property Value
$1,018,704Estimated Mortgage Balance
$311,296Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,250 /month
Positive
Cash Flow Estimate:
$2,750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,036/month
$855/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,784
$1,275,648
2025
$275,000
$1,000,648
$1,275,648
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,784
$1,275,648

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Unknown
$1,060,117
No
First
Apr 29, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,018,704
$311,296
23%
77%
$6,356/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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990 Elk Ridge Road | Property Details | No Agent List