$2,412,730
●
House -
Off Market
12C Grindstone Drive
Prosper, TX 75078
4 Beds
1 Bath,
1
Half Bath
4,696 Ft²
$12,499
Est. Monthly
0.93%
Cap Rate
About This Property
Welcome to your dream home nestled in the tranquil Rhea Mills
Estates, where luxury living meets spacious serenity. This
exquisite new construction masterpiece by Jesse Adams Custom Homes,
stands proudly on a sprawling 1-acre lot. Discover unparalleled
elegance, showcasing custom white oak cabinetry, quartzite
countertops, and white oak hardwoods. Every detail reflects
sophistication, from clad encasement windows to designer lighting
and plumbing fixtures. This home features an open entertaining
floor plan that seamlessly integrates living, dining, and kitchen
areas. Culinary enthusiasts will revel in a symphony of Sub-Zero
and Wolf appliances, crowned by a large gathering island. Four
first floor tranquil bedrooms offer restful retreats, including an
expansive owner's suite with a spa-like bath. Adtl luxuries include
primary and secondary offices, an expansive 2nd floor game room
with full bath, inviting outdoor living and kitchen space, 3-car
garage, no MUD, PID, or HOA. Prosper ISD.
Unit Size
4,696 Ft²
Days on Market
-
Land Size
1.09 acres
Price per sqft
$499
Property Type
House
Property Taxes
$984
HOA Dues
-
Year Built
1985
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (NTREIS #20638571)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 3, 2025 | Sold | ||
| Sold | |||
| Jan 28, 2025 | In contract | - | |
| In contract | |||
| Jun 13, 2024 | Listed by Compass RE Texas, LLC | $2,345,000 | |
| Listed by Compass RE Texas, LLC | |||
| Jun 5, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Jan 24, 2024 | Listed by Lynn Urban | $2,345,000 | |
| Listed by Lynn Urban | |||
| | |||
|
New Luxury Custom Home built by Jesse Adams Custom Homes - 1+ acre! Spring '24 completion! Stunning interior finish: custom white oak cabinets, quartzite countertops, high ceilings, built-ins, white oak hardwoods, custom tile, oversized sliding doors, clad casement windows, high-end designer lighting & plumbing fixtures. HUGE gourmet kitchen: Sub-Zero & Wolf appliances. Pool bath access from patio. Larder off kitchen: tons of storage & additional oven! Gorgeous view from master suite: vaulted ceiling & beams & custom closet. Upstairs bonus room: full bath & XL storage closet. All en-suite bedrooms with walk in closets. Primary study & secondary office. Located in the heart of Prosper and surrounded by well-established neighborhoods and top-rated schools (Cockrell ES, Rogers MS, Walnut Grove HS). Rhea Mills Estates is a beautiful neighborhood with old mature trees and character unlike anywhere else in Prosper. No MUD, no PID, no HOA. Come check it out!
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Prosper
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Listed by: Chad Schulin, Compass RE Texas, LLC
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20638571
Details provided by NTREIS and may not match the public record
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20638571
Details provided by NTREIS and may not match the public record
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