6 months on rocket

7242 Waters Edge Dr, The Colony, TX, 75056

$1,600,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
3,394 SqFt
$471/SqFt
House

Location

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7242 Waters Edge Dr, The Colony$1,600,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage, Garage Door Opener, Inside Entrance, Oversized, Garage Faces Rear
Attached Garage2 spaces
Year Built2007
HeatingCentral, Natural Gas
CoolingCentral Air, Ceiling Fan(s), Electric
FireplaceGas, Gas Log, Gas Starter, Great Room, Living Room, Metal, Raised Hearth
Private PoolYes
MLS #20615064
Lot Size0.50 Acres
StatusActive

About 7242 Waters Edge Dr

Welcome to your dream oasis nestled within the ultra exclusive gated community of The Waters Edge, where luxury and sophistication merge to create an unparalleled living experience. This magnificent Tuscan Villa boasts an array of custom features and exquisite finishings, offering an unmatched level of comfort and elegance. The Villa's exterior is a masterpiece of architectural design and its grandeur is immediately evident as you approach. Step inside to discover a meticulously curated interior that exudes opulence and warmth. High-end finishes and the finest materials have been used throughout, creating an atmosphere of refinement. The villa's outdoor living spaces are a true testament to luxury living, with a private piazza and pool, and two terraces for entertaining while taking in sunset lake views. This Villa is conveniently located in the heart of Dallas, offering easy access to the PGA Frisco, The Star, The Grandscape, and DFW airport while still providing a peaceful sanctuary.

Property Details

Property Features

Property Information:

  • Architectural Style: Mediterranean, Detached
  • Year Built: 2007
  • Living Area: 3,394 SqFt

Listing Office:

  • Office Name: Keller Williams Central
  • Office Phone: (810) 853-0685
  • Listing Agent: Daniel Nestorovski

Interior Features

Interior Information:

  • Appliances: Refrigerator, Convection Oven, Double Oven, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Ice Maker, Microwave, Vented Exhaust Fan, Warming Drawer, Water Purifier, Wine Cooler
  • Basement: No
  • Flooring Type: Ceramic Tile, Granite, Marble, Tile, Travertine
  • Interior: Wet Bar, Built-in Features, Chandelier, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Paneling/Wainscoting, Cable TV, Wired for Data, Natural Woodwork, Walk-In Closet(s), Wired for Sound
  • Fireplace: Gas, Gas Log, Gas Starter, Great Room, Living Room, Metal, Raised Hearth

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Awning(s), Covered Courtyard, Courtyard, Lighting, Rain Gutters, Uncovered Courtyard

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Garage, Garage Door Opener, Inside Entrance, Oversized, Garage Faces Rear

Virtual/3D Tour

  • Virtual Tour: 7242 Waters Edge Dr
Virtual Tour

Lot Features

Lot Information:

  • Lot: Sprinklers
  • Lot Size: 0.50 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air, Ceiling Fan(s), Electric

Other

Directions Information:

  • Directions: From State Highway 121 or Sam Rayburn Tollway take exit for Main St or FM423. Follow Main St NORTH to North Colony Blvd. Follow North Colony Blvd WEST to Curry Dr. Follow Curry Dr NORTH to Augusta St. Follow Augusta St WEST to Waters Edge Dr. Follow Waters Edge Dr WEST to gated entry to community.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,600,000
  • Price Per SqFt: $471/SqFt

HOA Fees:

  • Amount: $525
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $14,740
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in The Colony, TX.

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The Colony, TX

City

Med. List Price

$497.8K

Med. Price/SqFt

$236

Avg. Days On Market

72

# of Sold Homes

50

7242 Waters Edge Dr vs The Colony

193 DAYS ON ROCKET

+121 Days

$1,600,000

+$1.1M More

$471/SqFt

+$234 More

KEY TAKEAWAY

This property is $1.1M more than the Median List Price and $234/SqFt more than other homes in The Colony, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20615064

Listing Office:

  • Office Name: Keller Williams Central
  • Office Phone: (810) 853-0685
  • Listing Agent: Daniel Nestorovski

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 11/22/2024, 11:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 07, 2006Home Sold
$78,700

Tax History

YEARPROP. TAXASSESSMENT
2021$14,740$682,229
2020$15,092$677,600
2019$12,855$616,000
2018$12,855$560,000
2017$14,832$641,975

History based on county public records data.

Payment Calculator

$8,228

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,863

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-595649
3
/10

  • Ethridge Elementary School

  • 6001 Ethridge Dr

  • 1.11 miles

  • Public District Grades KG-5

school-card-donut-595650
5
/10

  • Peters Colony Elementary School

  • 5101 Nash Dr

  • 1.52 miles

  • Public District Grades PK-5

school-card-donut-595651
8
/10

  • Hosp Elementary School

  • 5050 Lone Star Ranch Pkwy

  • 1.66 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,599. Typical income of The Colony, TX residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7242 Waters Edge Dr

What is the listing price of this property?

The listing price of 7242 Waters Edge Dr property is $1,600,000.

What type of property is this?

The property 7242 Waters Edge Dr is a house located in The Colony, Texas, 75056.

Is this property for sale now?

Active Listing: 7242 Waters Edge Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $14,740 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 7, 2006 for $78,700. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7242 Waters Edge Dr has 4 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 7242 Waters Edge Dr is 3,394 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7242 Waters Edge Dr is 2007.

Rocket Homes›Texas›Denton County›The Colony›75056›7242 Waters Edge Dr

This home is located at 7242 Waters Edge Dr in The Colony, TX and zip code 75056 in the The Water's Edge neighborhood. This 3,394 square foot home, which was built in 2007, sits on a 0.50 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 12, 2024 and is currently priced at $1,600,000.

In October 2024 in The Colony, TX there were 5.7% more homes for sale than in September 2024. In October 2024, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $497,800.

From Rocket Homes Real Estate and based on county public records data.

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