UPDATED:
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active Option Contract
Purchase Type For Sale
Subdivision Park Place
MLS Listing ID 20875113
HOA Fees $1,000/ann
HOA Y/N Mandatory
Year Built 2025
Lot Size 0.311 Acres
Acres 0.3112
Property Sub-Type Improved Land
Property Description
Assessments
o HOA Dues (normal HOA functions and maintenance)
$875 annually (due January 1st)
o Road and Replacement Costs (set per reserve report recommendation)
$335 annually (due January 1st)
These are set on a funding schedule to repair and replace roads and common area
amenities in the future
o Home or Lot landscape maintenance (bulk price)
Vacant lot maintenance $56-$75 per quarter (billed quarterly)
Finished home landscape maintenance $250 per quarter (billed quarterly)
Great deal!! HOA has bulk maintenance contracts to reduce costs traUic
? Includes front and rear yards, contact landscaper for separately billed repairs, tree
trimming, or replacements
o HOA Contribution
? Charge at closing to non builder buyer $500
? Amenities included:
o Security Gates
? Will remain open during construction and closed after. Gates will open automatically 7am-
7pm thereafter.
o Amenity center with pool and facility
o Walking trails
o Playground
o Pickleball courts
Completion Requirements (Phase 1)
o Home required to be completed within 2 years after owner acquires title to the lot
o Must commence construction within 1 year after plan approved by ACC
o Must complete construction of home within 18 months after commencement of construction
o Initial penalty $2,000 and increase $1,000 year afterwards
Location
State TX
County Denton
Zoning single family
Direction Property Between Legacy and Teel on Prosper Trail
Exterior
Utilities Available City Sewer, City Water, Co-op Electric, Concrete, Electricity Available, Private Road, Underground Utilities
Garage No
Building
Lot Description Subdivision
Schools
Elementary Schools Mrs. Jerry Bryant
Middle Schools William Rushing
High Schools Prosper
School District Prosper Isd
Others
Restrictions Other
Ownership PPP 100 LLC
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20875113
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.