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118 King Lance Ct, Scroggins, TX, 75480

5beds
5baths
5,048sqft
$3,085,000
$611price/sqft
$22,759/moest. monthly cost
$910,360/yrincome needed

About This Home

Welcome to lake life at its best on Lake Cypress Springs. Set on a rare main lake point, 118 King Lance offers breathtaking views and over 300 feet of shoreline, giving you water on two sides and endless places to relax and play. The cedar and stone home sits tucked among mature trees, creating a private, peaceful setting. With 5 bedrooms and 4 baths across three levels, there’s plenty of space for family and friends to gather. Large outdoor living areas make it easy to enjoy morning coffee, sunset dinners, and everything in between. The property has been fully renovated by LRO Residential, so it’s ready for immediate enjoyment. The oversized boathouse—with two boat slips and a separate PWC slip—means long weekends on the water are always within reach.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
20
BikeSomewhat Bikeable

Schools

8/10
6/10
5/10
Mt Vernon High SchoolGrades 9-128.3 mi

Construction

Condition

  • Year built: 2006

Materials

  • Foundation: Other,Slab
  • Roof: Composition
  • Construction materials: Cedar,Frame,Stone Veneer,Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Built-In Refrigerator,Double Oven,Dishwasher,Electric Cooktop,Electric Oven,Disposal,Gas Water Heater,Microwave,Refrigerator,Vented Exhaust Fan,Wine Cooler
  • Laundry features: Washer Hookup,Dryer Hookup,ElectricDryer Hookup

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Built-in Features,Decorative/Designer Lighting Fixtures
  • Flooring: Concrete,Stone,Wood
  • Number of fireplaces: 1
  • Fireplace features: Family Room,Gas,Great Room,Raised Hearth,Stone
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Electric

Interior Area

  • Total interior livable area: 5,048 sqft

Living Room

  • Features: Fireplace
  • Level: First
  • Dimensions: 22 x 25

Master Bedroom

  • Features: Built-in Features,Ceiling Fan(s),Dual Sinks,Double Vanity,Garden Tub/Roman Tub,Linen Closet,Walk-In Closet(s)
  • Level: First
  • Dimensions: 16 x 16

Property

Details

  • Parcel number: 5603

Features

  • Levels: Three Or More
  • Pool features: None
  • Patio & porch: Covered,Deck
  • Exterior features: Boat Slip,Fire Pit
  • On waterfront: Yes
  • Waterfront features: Boat Dock/Slip,Lake Front,Waterfront
  • Residential vegetation: Pine

Lot

  • Lot size: 0.51 Acres
  • Features: Corner Lot,Hardwood Trees,Many Trees,Sloped,Sprinkler System,Waterfront,Retaining Wall

Parking

  • Total spaces: 2
  • Parking features: Additional Parking,Asphalt,Covered,Driveway,Garage Faces Front,Garage,Garage Door Opener,Oversized
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Ice Storm
    Ice StormVery High
  • Strong Wind
    Strong WindVery High
  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters Across Texas Counties

Winter Storm

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 $15,599$187,188
Home Insurance *$3,230$38,760
Property Taxes $3,376$40,512
Electricity $554$6,651
Total$22,759$273,108
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$780,308/yr
40% on housing$682,770/yr
45% on housing$606,906/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: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 0.9%
0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$611This listing

vs Other Active Listings

Avg $/sqft

ZIP 75480$324
Franklin County$261

vs Homes Sold Last Month

Median $/sqft

ZIP 75480
Franklin County$218

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
2026-05-13Price change$3,095,000
2026-04-20Price change$3,099,000
2026-01-16Listed for sale$3,195,000
2025-10-31Listing removed$3,399,000
2025-08-15Price change$3,399,000
2025-06-04Price change$3,455,000
2025-03-16Listed for sale$3,500,000
2024-09-30Listing removed$3,475,000
2024-08-31Price change$3,475,000
2024-08-03Price change$3,489,000
2024-06-28Listed for sale$3,495,000
2023-08-28Listing removed--
2023-07-14Listed for sale$3,399,000
2023-06-27Listing removed--
2023-05-25Price change$3,499,000
2023-03-10Listed for sale$3,550,000
2022-09-23Listing removed$3,595,000
2022-09-12Price change$3,595,000
2022-07-07Listed for sale$3,699,000

For Sale by Agent

AgentLes Owens
BrokerageLRO Residential Development

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