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$465,000

1409 Pelican Dr, Little Elm, TX, 75068

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths3,463 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$134.28 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Disposal, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Rain Gutters
Lot Size9,135 sqft

Building Information

Year Built2010
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR531035
Lot Number88
SubdivisionPaloma Creek South Ph 2
Land UseResidential
Legal DescriptionPALOMA CREEK SOUTH PH 2 BLK L LOT 88
Census Tract020137
Assessed Land Value$113,645
Assessed Improvement Value$381,912
Assessment Year2025

About this property

Stunning Two-Story Home with Resort-Style Amenities & Room to Roam! Welcome to your dream home! This beautifully designed 4-bedroom, 2.5-bathroom with office and extra bonus room, residence offers spacious living, impressive high ceilings, and an open-concept floor plan perfect for everyday living and entertaining. Step inside to discover a welcoming living area featuring a cozy fireplace, a formal dining room, and a bright breakfast area. The gourmet kitchen is a chef’s delight, showcasing stainless steel appliances, a large island, and gorgeous granite countertops—ideal for gathering with family and friends. Upstairs, the possibilities are endless! Enjoy a spacious family room or game room, a dedicated media room, and a convenient built-in desk—perfect for working from home, studying, or creating your own personalized space. The beautifully landscaped oversized .210-acre backyard offers plenty of room to relax, play, and even add your dream swimming pool. Unwind or entertain on the large back patio while enjoying the privacy and charm of your outdoor oasis. Additional highlights include a large garage, extended rock patio upgrade, a roof approximately 2 years old, and a 2010 construction date. Located in a desirable neighborhood close to shopping, this home also offers access to the lake Lewisville, clubhouse, and swimming pool through the HOA. From the inviting open floor plan to the incredible upstairs entertainment spaces, this home has it all! Come see why this exceptional property is the perfect place to call home.

Investor Tools

$99,343Estimated Mortgage Balance
$396,214Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,973 /month
Positive
Cash Flow Estimate:
$991 /month

Interested in this property?

Timothy Kay

Trinity Group Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,019/month
$46/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,754
$495,557
2025
$113,645
$381,912
$495,557
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,754
$495,557

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highland Loansource
Conventional
$160,539
No
First
Nov 17, 2010
Dec 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$99,343
$396,214
79%
20%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,750/mo
$46/mo
+$3,704/mo
9.1%

City: Little Elm