Tour
$10,000 Closing Credit¹
#20870284, Nikki Butcher, Chelsea Coleman, Listing Office: Ebby Halliday, REALTORS
$1,500,000 List price
7242 Waters Edge Dr The Colony, TX 75056
$10,000
Closing credit¹
4 beds
3 full, 1 partial
3,394 sqft
0.5 acres
$442 / sqft
House
Property details
About 7242 Waters Edge Dr
Welcome to your dream oasis nestled within the ultra exclusive gated community of The Waters Edge, where luxury and sophistication merge to create an unparalleled living experience. This magnificent Tuscan Villa boasts an array of custom features and exquisite finishings, offering an unmatched level of comfort and elegance. The Villa's exterior is a masterpiece of architectural design and its grandeur is immediately evident as you approach. Step inside to discover a meticulously curated interior that exudes opulence and warmth. High-end finishes and the finest materials have been used throughout, creating an atmosphere of refinement. The villa's outdoor living spaces are a true testament to luxury living, with a private piazza and pool, and two terraces for entertaining while taking in sunset lake views. This Villa is conveniently located in the heart of Dallas, offering easy access to the PGA Frisco, The Star, The Grandscape, and DFW airport while still providing a peaceful sanctuary.
Highlights
Home typeSingle Family Residence
HeatingCentral, Natural Gas
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingCentral Air, Ceiling Fan(s), Electric
Size3,394 sqft
Lot size0.503 Acres
Year built2007
ParkingDoor-Single, Garage, Garage Door Opener, Inside Entrance, Oversized, Garage Faces Rear
MLS #20919037
Attached garage2 spaces
FireplaceGas, Gas Log, Gas Starter, Great Room, Living Room, Metal, Raised Hearth
Private poolYes
Virtual tour
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Appliances: Refrigerator, Convection Oven, Double Oven, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Ice Maker, Microwave, Vented Exhaust Fan, Warming Drawer, Water Purifier, Wine Cooler
- Basement: No
- Flooring Type: Ceramic Tile, Granite, Marble, Tile, Travertine
- Interior: Wet Bar, Built-in Features, Chandelier, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Paneling/Wainscoting, Cable TV, Wired for Data, Natural Woodwork, Walk-In Closet(s), Wired for Sound
- Fireplace: Gas, Gas Log, Gas Starter, Great Room, Living Room, Metal, Raised Hearth
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Attached Garage: Yes
- Private Pool: Yes
- Parking: Door-Single, Garage, Garage Door Opener, Inside Entrance, Oversized, Garage Faces Rear
- Exterior: Awning(s), Covered Courtyard, Courtyard, Lighting, Rain Gutters, Uncovered Courtyard
- Architectural Style: Mediterranean, Detached
- Heating: Central, Natural Gas
- Cooling: Central Air, Ceiling Fan(s), Electric
- List Price: $1,500,000
- Price/SqFt: $441
- HOA Amount: $525 Quarterly
- Annual Tax Amount: $22,051
- Tax Year: 2024
- Lot: Sprinklers
- Directions: From State Highway 121 or Sam Rayburn Tollway take exit for Main St or FM423. Follow Main St NORTH to North Colony Blvd. Follow North Colony Blvd WEST to Curry Dr. Follow Curry Dr NORTH to Augusta St. Follow Augusta St WEST to Waters Edge Dr. Follow Waters Edge Dr WEST to gated entry to community.
- Year Built: 2007
- Living Area: 3,394 SqFt
- Lot Size: 0.503 Acres
- MLS Number: 20919037
- MLS Name: NTR
- Office Name: Keller Williams Central
- Office Phone: (810) 853-0685
- Listing Agent: Daniel Nestorovski
©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 5/30/2025, 2:20:42 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,500,000
7242 Waters Edge Dr
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 07, 2006 | Home Sold | $78,700 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,046,984 | $22,051 |
| 2023 | $1,187,996 | $20,760 |
| 2021 | $682,229 | $20,760 |
| 2020 | $677,600 | $15,092 |
| 2019 | $616,000 | $12,855 |
| 2018 | $560,000 | $12,855 |
| 2017 | $641,975 | $14,831 |
History based on county public records data.
Nearby schools
4
Ethridge Elementary School
Public District KG-5
1.1 mi
•6001 Ethridge Dr
8
Prestwick Elementary School
Public District PK-5
1.2 mi
•3101 Stonefield
5
Peters Colony Elementary School
Public District PK-5
1.5 mi
•5101 Nash Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $72,599. Residents of The Colony, TX typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
13%
<35k
55%
35k-100k
29%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
32%
Single, No Kids
13%
Single, with Kids
27%
Married, No Kids
28%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
40%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Minor League Baseball Games
Basketball
Horse Races
Where do the neighbors shop?
New York & Company
Ross Dress For Less
Stein Mart
Where do the neighbors go to eat?
Chick-fil-A
Jasons Deli
LongHorn Steakhouse
What do the neighbors drive?
Kia
Acura
Buick
What do the neighbors listen to?
Talk/Personality
Rhythmic Contemporary Hits- Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 7242 Waters Edge Dr
The listing price of 7242 Waters Edge Dr property is $1,500,000.
The property 7242 Waters Edge Dr is a house located in The Colony, Texas, 75056.
Accepting Backup Offers: 7242 Waters Edge Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 7242 Waters Edge Dr are: Ethridge Elementary School (GreatSchools Rating 4/10), Prestwick Elementary School (GreatSchools Rating 8/10), Peters Colony Elementary School (GreatSchools Rating 5/10), Lakeview Middle School (GreatSchools Rating 3/10), Lowell H. Strike Middle School (GreatSchools Rating 4/10), Griffin Middle School (GreatSchools Rating 4/10), The Colony High School (GreatSchools Rating 4/10), Reedy High School (GreatSchools Rating 9/10), Leadership Preparatory School Secondary School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $22,051 (source: MLS/based on county public records data).
The last sale was on July 7, 2006 for $78,700 (source: MLS/tax record).
The property at 7242 Waters Edge Dr has 4 bedrooms and 3 full and 1 half bathrooms.
The property 7242 Waters Edge Dr is 3,394 SqFt (source: MLS/tax record).
The year of construction for 7242 Waters Edge Dr is 2007.
This home is located at 7242 Waters Edge Dr in The Colony, TX and zip code 75056 in the The Water's Edge neighborhood. This 3,394 square foot home, which was built in 2007, sits on a 0.50 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 29, 2025 and is currently priced at $1,500,000.
In April 2025 in The Colony, TX there were 22.2% more homes for sale than in March. In April 2025 median list price was $500,977 and the average listing age was 56 days.
From Rocket Homes Real Estate and based on county public records data.