2531 Homestead Ct Tool, TX 75143

Estimated Value: $1,488,000 - $1,703,000

4 Beds
4.5 Baths
2,949 Sq Ft
$534/Sq Ft Est. Value

Last Sold May 09, 2025

Current estimated payment $10,038/month

137 Days on Market

Highlights

  • Lake Front
  • Open Floorplan
  • Adjacent to Greenbelt
  • Gated Community
  • Community Lake
  • Outdoor Living Area

About This Home

Custom Modern Farmhouse with Stunning Lake Views in Exclusive Gated Community! Welcome to this exceptional modern farmhouse located in a gated community on the deep end of Cedar Creek Lake. Offering panoramic water views and great water depth, this is the ultimate lakefront lifestyle. Your bright and airy home features a beautifully designed open-concept floor plan with expansive windows that capture breathtaking lake views from almost every room. The soft modern interior offers a seamless flow between the gourmet kitchen, spacious living room, and dining area, making it perfect for both family living and entertaining. Gourmet kitchen - chef-inspired and equipped with top-of-the-line appliances, custom cabinetry, and a large island, designed for ease of cooking and entertaining. Outdoor living - step outside to the stunning covered patio, which boasts an outdoor kitchen and fireplace, ideal for relaxing and entertaining. Electric shades provide a bug-free, year-round space to enjoy the fresh air and lake views. Spacious primary bedroom - located on the first floor, offers tranquil lake views and a luxurious ensuite bath, providing a peaceful escape. Upstairs retreat - second level features a cozy second living area, two spacious bedrooms with ensuite baths, and a bunk room with its own ensuite bath—plenty of space for family and guests! Large, fully fenced backyard - perfect for pets, children, or just enjoying the outdoors in privacy. The composite dock - features covered seating and a large party deck, perfect for watching fireworks or simply enjoying the serene lake setting. Situated in the Driftwood Farm community, a gated neighborhood of just 10 homes, this property offers privacy and seclusion while being just over an hour from Dallas. This urban farmhouse blends modern luxury with a relaxed, rustic charm, offering the perfect setting for lake life. Please see Transaction Desk for Upgrades.

Last Agent to Sell the Property

Denton Aguam

Keller Williams Legacy Brokerage Phone: 972-599-7000 License #0496115 Listed on: 11/26/2024

Keller Williams Legacy

Last Buyer's Agent

Alvin Paulson

Keller Williams NO. Collin Cty License #0501258

Keller Williams NO. Collin Cty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,280

Year Built

  • Built in 2020

Lot Details

  • 0.28 Acre Lot
  • Lake Front
  • Adjacent to Greenbelt
  • Fenced Yard
  • Wrought Iron Fence
  • Stone Retaining Walls
  • Landscaped
  • Sloped Lot
  • Sprinkler System
  • Lawn
  • Back Yard

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Accessed On Kitchen Level
  • Side Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Driveway
  • Additional Parking

Home Design

  • Farmhouse Style Home
  • Modern Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,949 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Wired For Sound
  • Built-In Features
  • Ceiling Fan
  • Decorative Lighting
  • Propane Fireplace
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry in Utility Room
  • Washer

Home Security

  • Home Security System
  • Security Gate
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Living Area
  • Fire Pit
  • Outdoor Grill
  • Rain Gutters
  • Mosquito Control System

Schools

  • Malakoff Elementary And Middle School
  • Malakoff High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 43680000003060

Community Details

Overview

  • Association fees include management, ground maintenance, security
  • Driftwood Poa
  • Thurman Estates # 2 Subdivision
  • Community Lake

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,280

Year Built

Built in 2020

Lot Details

0

HOA Fees

$150 per month

Parking

2

Listing Details

  • OWNERNAME: See Tax records
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Farmhouse, Modern, Detached
  • Unit Levels: Two
  • Security: Security System, Security Gate, Gated Community, Smoke Detector(s)
  • Year Built Details: Proposed
  • Attribution Contact: 972-599-7000
  • Co List Office Mls Id: KELR02
  • Structure Type: House
  • HumanModifiedYN: No
  • UniversalParcelId: urn:reso:upi:2.0:US:48213:43680000003060
  • Special Features: VirtualTour
  • Year Built: 2020

Interior Features

  • Square Footage: 2949.0
  • Fireplace Features: Living Room, Propane
  • Interior Amenities: Wet Bar, Built-in Features, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Kitchen Island, Open Floorplan, Wired for Sound
  • Flooring: Carpet, Luxury Vinyl Plank
  • Appliances: Some Gas Appliances, Dishwasher, Electric Oven, Electric Water Heater, Disposal, Ice Maker, Microwave, Plumbed For Gas, Refrigerator, Washer, Wine Cooler
  • Basement YN: No
  • Fireplaces: 1

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Foundation: Slab
  • Community Features: Fenced Yard, Other, Gated, Lake
  • Fencing: Wrought Iron
  • Roof: Composition
  • Construction Materials: Fiber Cement
  • Exterior Features: Fire Pit, Outdoor Grill, Outdoor Living Area, Rain Gutters
  • Pool Features: None
  • Waterfront: Yes
  • Patio And Porch Features: Rear Porch, Covered, Mosquito System

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Garage Spaces: 2.0
  • Total Covered Spaces: 2.0
  • Parking Features: Additional Parking, Concrete, Covered, Door-Single, Driveway, Garage, Garage Door Opener, Kitchen Level, Garage Faces Side
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Electric
  • LaundryFeatures: Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room
  • Utilities: Municipal Utilities, Sewer Available, Water Available
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Fee Includes: Association Management, Maintenance Grounds, Security
  • Association Fee: 450.0
  • Association Fee Frequency: Quarterly
  • Association Name: Driftwood POA

Schools

  • Elementary School: Malakoff
  • High School: Malakoff
  • Junior High Dist: Malakoff ISD

Lot Info

  • PropertyAttachedYN: No
  • Lot Features: Back Yard, Backs to Greenbelt/Park, Lawn, Landscaped, Sloped, Sprinkler System, Waterfront, Retaining Wall
  • Lot Size Units: Acres
  • Lot Size Area: 0.28
  • Parcel Number: 43680000003060
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12196.8

Building Info

  • Year Built: 2020

Tax Info

  • Tax Lot: 3
  • Tax Annual Amount: 20280.0

Multi Family

  • WaterfrontFeatures: Boat Dock/Slip, Boat Ramp/Lift Access, Lake Front, Waterfront

MLS Schools

  • MiddleOrJuniorSchool: Malakoff

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2025
Sold by
Smith Joshua Blake and Smith Christine
Bought by
Russo Revocable Living Trust and Russo
Current Estimated Value
$1,575,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Outstanding Balance
$1,211,610
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$363,445

Purchase Details

Closed on
Dec 1, 2020
Sold by
C R Thurman Llc
Bought by
Smith Joshua Blake and Smith Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Russo Revocable Living Trust -- Four Points Title
Smith Joshua Blake -- Legacy Texas Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russo Revocable Living Trust $1,260,000
Previous Owner Smith Joshua Blake $510,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2025 05/09/25 Sold -- -- --
04/30/2025 04/30/25 For Sale $1,650,000 0.0% $560 / Sq Ft
04/13/2025 04/13/25 Pending -- -- --
03/20/2025 03/20/25 Price Changed $1,650,000 -2.9% $560 / Sq Ft
11/26/2024 11/26/24 For Sale $1,699,000 -- $576 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,820 $1,431,337 $198,000 $1,233,337
2024 $19,820 $1,431,337 $198,000 $1,233,337
2023 $19,194 $1,354,687 $198,000 $1,156,687
2022 $24,370 $1,210,990 $198,000 $1,012,990
2021 $15,515 $896,670 $220,000 $676,670
2020 $1,897 $105,600 $105,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20781508

North Texas Real Estate Information Systems (NTREIS)

APN: 4368-0000-0030-60