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689 Dancing Water Dr, Frisco, TX, 75034

5beds
7baths
5,353sqft
$1,749,000
$327price/sqft
$10,696/moest. monthly cost
$427,840/yrincome needed

About This Home

Exceptional north-facing luxury home on a quarter-acre lot in the sought-after Phillips Creek Ranch. Showcasing timeless elegance & exceptional craftsmanship, this stunning residence offers a grand curved wrought-iron staircase, marble flooring, herringbone wood floors, designer lighting, tray ceilings, central vacuum system, & an extended family room with fireplace. The chef's kitchen is a true showpiece, featuring a waterfall island, built-in Sub-Zero refrigerator, double ovens, 6-burner gas cooktop, upgraded soft-close cabinetry, spice rack, dual Lazy Susans, & abundant storage. The extended breakfast area overlooks the living spaces, while the study offers custom built-in shelving & cabinetry. The spacious laundry room provides extensive counter space & storage. The primary suite is a spa-like retreat with 3 shower heads, a soaking tub, separate vanities, dedicated vanity area, & oversized walk-in closet. A rare 2nd primary suite upstairs is ideal for multigenerational living, guests, or teens, featuring a walk-in closet, luxury freestanding tub, oversized shower with built-in bench, & designer tile extending to the ceiling. Every bedroom enjoys its own ensuite bath, plus convenient half baths on both levels for guests. Designed for entertaining, the game room features a built-in wet bar that flows seamlessly into the media room. Sliding glass doors open to an extended covered patio with ceiling fan, creating the perfect indoor-outdoor living experience. Additional highlights include a 4-car tandem garage, abundant storage, tile roof & striking stone elevation. Ideally positioned just a short walk from one of PCR's scenic lakes, parks, & walking trails, this home offers access to over 100 acres of green space, lakes, bike trails, resort-style pools & trails connecting surrounding neighborhoods. Feeds to exemplary Frisco ISD schools. Prime location minutes from DNT, Hwy 121, dining, shopping & medical facilities.

Getting Around

14
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

10/10
Nichols Elementary SchoolGrades PK-50.7 mi
10/10
Pearson MiddleGrades 6-81.0 mi
9/10
Reedy High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 2021

Materials

  • Roof: Spanish Tile,Tile

Type & Style

  • Home type: SingleFamily
  • Architectural style: Detached
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Double Oven,Dishwasher,Electric Oven,Gas Cooktop,Disposal,Microwave,Range,Some Commercial Grade,Vented Exhaust Fan,Wine Cooler
  • Laundry features: Washer Hookup,Dryer Hookup,Laundry in Utility Room

Bedroom

  • Features: En Suite Bathroom
  • Level: First
  • Dimensions: 14 x 15

Bedroom

  • Features: En Suite Bathroom,Walk-In Closet(s)
  • Level: Second
  • Dimensions: 17 x 17

Bedroom

  • Features: En Suite Bathroom,Walk-In Closet(s)
  • Level: Second
  • Dimensions: 14 x 15

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 5
  • 1/2 bathrooms: 2

Breakfast Room Nook

  • Level: First
  • Dimensions: 12 x 20

Dining Room

  • Level: First
  • Dimensions: 12 x 16

Features

  • Built-in Features,Chandelier,Central Vacuum,Decorative/Designer Lighting Fixtures,Eat-in Kitchen,Granite Counters,High Speed Internet,Kitchen Island,Multiple Master Suites,Open Floorplan,Pantry,Vaulted Ceiling(s),Walk-In Closet(s)
  • Flooring: Marble,Wood
  • Number of fireplaces: 1
  • Fireplace features: Gas,Living Room
  • Fireplace: Yes

Game Room

  • Features: Built-in Features
  • Level: Second
  • Dimensions: 18 x 28

Heating & Cooling

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

Interior Area

  • Total interior livable area: 5,353 sqft

Kitchen

  • Features: Breakfast Bar,Built-in Features,Butler's Pantry,Granite Counters,Kitchen Island,Walk-In Pantry
  • Level: First
  • Dimensions: 19 x 11

Laundry

  • Features: Built-in Features,Granite Counters,Utility Sink
  • Level: First
  • Dimensions: 11 x 9

Living Room

  • Features: Fireplace
  • Level: First
  • Dimensions: 17 x 24

Master Bedroom

  • Level: First
  • Dimensions: 22 x 15

Master Bedroom

  • Features: Ceiling Fan(s),Dual Sinks,En Suite Bathroom,Garden Tub/Roman Tub,Separate Shower,Walk-In Closet(s)
  • Level: Second
  • Dimensions: 22 x 16

Media Room

  • Level: Second
  • Dimensions: 14 x 20

Office

  • Features: Built-in Features
  • Level: First
  • Dimensions: 14 x 15

Property

Details

  • Parcel number: R695404
  • Exclusions: Water softener,Media projector & Screen

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None,Community
  • Patio & porch: Covered,See Remarks
  • Exterior features: Rain Gutters

Lot

  • Lot size: 0.29 Acres
  • Features: Sprinkler System

Parking

  • Total spaces: 4
  • Parking features: Electric Vehicle Charging Station(s),Garage Faces Front,Garage,Garage Door Opener,Tandem
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Hail
Heat Wave
Cold Wave
Inland Flooding
Ice Storm
Strong Wind
Winter Weather

FEMA Declared Disasters Across Texas Counties

Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,843$106,116
Home Insurance *$1,006$12,072
Property Taxes $260$3,120
Electricity $587$7,053
Total$10,696$128,352
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$366,720/yr
40% on housing$320,880/yr
45% on housing$285,226/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.2%
7.2%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.4%
-1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$327This listing

vs Other Active Listings

Avg $/sqft

ZIP 75034$261
Denton County$215

vs Homes Sold Last Month

Median $/sqft

ZIP 75034$257
Denton County$192

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-11Listed for sale$1,749,000

For Sale by Agent

AgentTonya Peek
BrokerageColdwell Banker Realty Frisco

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