5183 Lorraine Dr Frisco, TX 75034
The Lakes on Legacy Drive NeighborhoodEstimated payment $8,431/month
Highlights
- Pool and Spa
- Open Floorplan
- Vaulted Ceiling
- Tom Hicks Elementary School Rated A
- Dual Staircase
- Traditional Architecture
About This Home
MOTIVATED SELLER - Experience elegance and comfort in this beautifully maintained and crafted Pierce Custom Home, perfectly situated in the prestigious The Lakes on Legacy, a gated community offering breathtaking and serene neighborhood (fishing ponds, hike and bike trails, playground, gated entrance), plus the indulgence of full membership at The Lakes Tennis Academy, located across Legacy Drive.
From the moment you enter, you’ll appreciate the meticulous attention to detail, quality designs and fixtures, plantation shutters and custom built-ins throughout this 4,585 sq.ft. residence. Sunlight radiates through every corner, creating a bright and inviting ambiance. The thoughtful design continues upstairs, where you’ll find a second laundry room, a private balcony, and a versatile bonus playroom on the 2nd level. The stairway continues leading you into the 3rd floor to its one-of-a-kind media room, equipped for the ultimate entertainment experience.
This home checks every box for luxury living—location, convenience, privacy, quality, 3-car garage, resort-style pool and spa, upgraded Architectural Dimensional Composition roof, spacious landscaped backyard with a charming playhouse—all nestled on a 0.34-acre lot in the heart of Frisco.
In addition to the renown Lewisville ISD and Tom Hicks Elementary School within walking distance, ample private school options are available near The Lakes on Legacy (Christian Academy, Starwood Academy of Frisco, Prestonwood Christian Academy, etc.) along with additional options of Montessori Academy and Lela Academy.
Listing Agent
Len Buysee Realty Brokerage Phone: 214-802-9604 License #0318296 Listed on: 08/14/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,181
Year Built
- Built in 1999
Lot Details
- 0.34 Acre Lot
- Wood Fence
- Landscaped
- Interior Lot
- Many Trees
- Lawn
- Back Yard
HOA Fees
- $183 Monthly HOA Fees
Parking
- 3 Car Attached Garage
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Composition Roof
Interior Spaces
- 4,585 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Dual Staircase
- Wired For Sound
- Built-In Features
- Vaulted Ceiling
- Ceiling Fan
- Chandelier
- 2 Fireplaces
- Gas Log Fireplace
- Plantation Shutters
- Laundry Room
Kitchen
- Eat-In Kitchen
- Gas Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- Double Vanity
Pool
- Pool and Spa
- In Ground Pool
Outdoor Features
- Balcony
- Covered Patio or Porch
Schools
- Hicks Elementary School
- Hebron High School
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- Association fees include management
- Real Manage Association
- The Lakes On Legacy Drive Ph II Subdivision
Listing and Financial Details
- Legal Lot and Block 36 / C
- Assessor Parcel Number R206359
Map
Home Values in the Area
Average Home Value in this Area
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 | $10,946 | $1,096,805 | $336,894 | $759,911 |
| 2024 | $18,181 | $1,050,212 | $0 | $0 |
| 2023 | $10,966 | $954,738 | $256,039 | $788,776 |
| 2022 | $16,499 | $867,944 | $256,039 | $675,847 |
| 2021 | $15,930 | $789,040 | $229,088 | $559,952 |
| 2020 | $15,545 | $773,628 | $229,088 | $544,540 |
| 2019 | $16,531 | $794,874 | $229,088 | $565,786 |
| 2018 | $15,967 | $763,260 | $229,088 | $534,172 |
| 2017 | $15,988 | $754,731 | $256,039 | $498,692 |
| 2016 | $14,555 | $734,708 | $156,760 | $577,948 |
| 2015 | $13,003 | $618,000 | $156,760 | $461,240 |
| 2013 | -- | $599,389 | $156,760 | $442,629 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2025 09/10/25 | Price Changed | $1,275,000 | -3.8% | $278 / Sq Ft |
| 08/15/2025 08/15/25 | For Sale | $1,325,000 | -- | $289 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Vendors Lien | -- | Allegiance Title Co | |
| Vendors Lien | -- | Mercantile Title | |
| Vendors Lien | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $197,700 | Stand Alone Second | |
| Open | $417,000 | New Conventional | |
| Previous Owner | $307,500 | New Conventional | |
| Previous Owner | $566,000 | Unknown | |
| Previous Owner | $560,000 | Unknown | |
| Previous Owner | $560,500 | Unknown | |
| Previous Owner | $547,000 | No Value Available |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 21031210
APN: R206359
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Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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