4621 Lake Park Dr, The Colony, TX, 75056
About This Home
Prime investment opportunity in The Colony. This property was purchased with a clear vision :build two modern homes designed for Airbnb short term Rental income . Its location is unbeatable just minutes from the highly anticipated Universal Kids Resort in Frisco coming soon making it a high demand area for family ,friendly stays. The property offers quick access to to Highway 121, and Main Street connects directly to Highway 380, making travel simple for guests. It’s also surrounded by top attractions including Restaurants , shopping and year round entertainment. A chance to invest in a High demand location with one of the fastest-growing tourism ready areas in North Texas .
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1966
Type & Style
- Home type: SingleFamily
- Architectural style: Other,Detached
- Property subType: Duplex,Single Family Residence
Interior
Appliances
- Appliances included: Gas Cooktop
Bedroom
- Level: First
- Dimensions: 9 x 7
Bedroom
- Level: First
- Dimensions: 12 x 10
Bedroom
- Level: First
- Dimensions: 12 x 10
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- Other
Interior Area
- Total interior livable area: 1,920 sqft
Kitchen
- Features: Built-in Features
- Level: First
- Dimensions: 7 x 11
Laundry
- Level: First
- Dimensions: 9 x 8
Living Room
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 12 x 9
Master Bedroom
- Level: First
- Dimensions: 14 x 12
Master Bedroom
- Level: First
- Dimensions: 14 x 12
Other
- Level: First
- Dimensions: 9 x 8
Other
- Level: First
- Dimensions: 9 x 8
Other
- Level: First
- Dimensions: 8 x 4
Property
Accessibility
- Accessibility features: Accessible Doors
Details
- Parcel number: R08155
- Attached to another structure: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: Front Yard,Other,Privacy
Lot
- Lot size: 1.19 Acres
Parking
- Parking features: Gravel,No Garage,See Remarks
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
- Hail
- Cold Wave
- Heat Wave
- Ice Storm
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,413 | $40,956 |
| Home Insurance * | $425 | $5,100 |
| Property Taxes | $1,068 | $12,816 |
| Electricity | $238 | $2,859 |
| Total | $5,144 | $61,728 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-12 | Listed for sale | $675,000 |
| 1999-05-10 | Sold | -- |
| 1995-02-17 | Sold | -- |
For Sale by Agent
View on Zillow