7308 Clear Rapids Drive
About This Property
Welcome to 7308 Clear Rapids Drive a stunning, energy efficient 6 bedroom, 3.5 bath home in the highly sought after Trinity Falls community of McKinney, TX. With 4,348 sq ft of living space, this spacious residence offers soaring ceilings, 8-foot doors on the main level, and an open concept layout that perfectly balances elegance and everyday functionality. The office on the main floor can double as a bedroom. Each bedroom in this one of a kind home has oversized walk in closets that have ample storage.
The gourmet kitchen is a chef's dream, featuring a large island, gas cooktop, butler's pantry, built-in cabinetry, and ample storage. The main-level owner's suite offers a luxurious retreat with dual vanities, a garden tub, walk in shower, and sitting area. Upstairs, enjoy a dedicated game room and media room ideal for movie nights or family fun. Additional highlights include a 3-car tandem garage, zoned HVAC, pre-wired security and sound systems, gas connections, and a spacious covered patio overlooking the private backyard. Built with energy-efficient features for comfort and cost savings, this home checks every box.
Located on an oversized lot in a safe, family friendly neighborhood with top rated schools, residents of Trinity Falls enjoy access to unmatched amenities: two resort-style pools, a modern fitness center, scenic trails, fishing ponds, a brand-new amenity center, splash pad, multiple playgrounds, clubhouse, and year-round community events all surrounded by 450 acres of open space. Experience the lifestyle you've been waiting for!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 17, 2025 | Sold | ||
| Sold | |||
| Nov 24, 2025 | In contract | - | |
| In contract | |||
| Oct 11, 2025 | Price Decreased |
$742,500
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Sep 27, 2025 | Price Decreased |
$747,500
↓ $12K
(1.6%) | |
| Price Decreased | |||
| Sep 10, 2025 | Price Decreased |
$759,990
↓ $15K
(1.9%) | |
| Price Decreased | |||
Property Highlights
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About Collin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017