Experience one of North Texas' most extraordinary waterfront estates in the exclusive **Princeton Lakes** private water-ski community. Set on over one acre with direct frontage on a pristine private ski lake, this custom home offers a lifestyle few properties can match.
Designed for boating and water-sports enthusiasts, enjoy your private dock with covered boat lift, heated self-cleaning pool and spa, expansive covered patio with automatic screens, and breathtaking sunset views over the water.
Inside, over $350,000 in luxury renovations showcase custom cabinetry, Italian porcelain flooring, quartzite and marble countertops, Viking appliances, a dramatic floor-to-ceiling stacked stone fireplace, and expansive glass walls that capture stunning lake views.
An oversized three-car garage provides ample room for boats, RVs, and recreational vehicles, while geothermal heating and cooling, closed-cell foam insulation, and a newer roof deliver exceptional energy efficiency.
Whether you're an avid water-skier, boater, or simply seeking an exclusive waterfront retreat, this is a rare opportunity to own one of the most unique luxury properties in North Texas.
For sale
$1,525,000
506 Calm Water Cv, Princeton, TX 75407
4beds
3,345sqft
Single Family Residence
Built in 2010
1.07 Acres Lot
$1,431,000 Zestimate®
$456/sqft
$129/mo HOA
What's special
Luxury renovationsOversized three-car garageGeothermal heating and coolingClosed-cell foam insulationItalian porcelain flooringQuartzite and marble countertopsNewer roof
- 17 days |
- 496 |
- 16 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Glen Wyche 0742530 214-295-4888,
VIP Realty 214-295-4888
Source: NTREIS,MLS#: 21297148
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Primary bedroom
- Features: Ceiling Fan(s), En Suite Bathroom
- Level: First
- Dimensions: 15 x 14
Bedroom
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 12 x 11
Bedroom
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 12 x 11
Bedroom
- Features: Ceiling Fan(s)
- Level: Second
- Dimensions: 13 x 15
Primary bathroom
- Features: Dual Sinks, Separate Shower
- Level: First
- Dimensions: 12 x 8
Bonus room
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 13 x 11
Other
- Level: First
- Dimensions: 1 x 1
Other
- Level: First
- Dimensions: 1 x 1
Other
- Level: Second
- Dimensions: 1 x 1
Game room
- Features: Ceiling Fan(s)
- Level: Second
- Dimensions: 13 x 24
Half bath
- Level: First
- Dimensions: 1 x 1
Kitchen
- Level: First
- Dimensions: 19 x 13
Laundry
- Level: First
- Dimensions: 15 x 6
Living room
- Features: Ceiling Fan(s), Fireplace
- Level: First
- Dimensions: 19 x 20
Heating
- Central, Geothermal
Cooling
- Central Air, Geothermal
Appliances
- Included: Some Gas Appliances, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Plumbed For Gas, Refrigerator, Some Commercial Grade, Vented Exhaust Fan, Wine Cooler
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, Laundry in Utility Room
Features
- Wet Bar, Built-in Features, Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Luxury Vinyl Plank, Tile
- Windows: Bay Window(s), Window Coverings
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Family Room, Masonry
Interior area
- Total interior livable area: 3,345 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Additional Parking, Concrete, Door-Multi, Epoxy Flooring, Enclosed, Garage, Garage Door Opener, Oversized, RV Garage, Garage Faces Side, Boat, RV Access/Parking
- Attached garage spaces: 3
- Carport spaces: 3
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Screened, Covered
- Exterior features: Boat Slip, Dock, Lighting, Rain Gutters
- Pool features: In Ground, Outdoor Pool, Pool, Pool/Spa Combo
- Fencing: Back Yard,Metal
- On waterfront: Yes
- Waterfront features: Boat Dock/Slip, Boat Ramp/Lift Access, Lake Front
Lot
- Size: 1.07 Acres
Details
- Parcel number: R440200A03001
- Other equipment: Irrigation Equipment
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary/Modern
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Brick/Mortar, Slab
- Roof: Asphalt
Condition
- Year built: 2010
Utilities & green energy
- Sewer: Aerobic Septic
- Water: Public, Private
- Utilities for property: Electricity Connected, Natural Gas Available, Septic Available, Separate Meters, Water Available, Cable Available
Community & HOA
Community
- Features: Boat Facilities, Fenced Yard, Lake
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Princeton Lakes
HOA
- Has HOA: Yes
- Services included: All Facilities
- HOA fee: $387 quarterly
- HOA name: Princeton Lakes Poa
- HOA phone: 469-667-7046
Location
- Region: Princeton
Financial & listing details
- Price per square foot: $456/sqft
- Tax assessed value: $782,011
- Annual tax amount: $14,686
- Date on market: 6/18/2026
- Cumulative days on market: 25 days
- Listing terms: Cash,Conventional,FHA
Estimated market value
$1,431,000
$1.36M - $1.50M
$4,634/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Listed for sale | $1,525,000+8.9%$456/sqft |
Source: NTREIS #21297148 Report a problem | ||
| 8/6/2025 | Listing removed | $1,400,000$419/sqft |
Source: NTREIS #20920687 Report a problem | ||
| 5/16/2025 | Listed for sale | $1,400,000$419/sqft |
Source: NTREIS #20920687 Report a problem | ||
| 4/1/2025 | Listing removed | $1,400,000$419/sqft |
Source: NTREIS #20804943 Report a problem | ||
| 3/4/2025 | Price change | $1,400,000-6.6%$419/sqft |
Source: NTREIS #20804943 Report a problem | ||
| 1/1/2025 | Listed for sale | $1,499,000$448/sqft |
Source: NTREIS #20804943 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,686 +20.3% | $782,011 +7.5% |
| 2024 | $12,204 +8% | $727,249 +10% |
| 2023 | $11,297 -10.7% | $661,135 +10% |
| 2022 | $12,651 | $601,032 +10% |
| 2021 | -- | $546,393 +3% |
| 2020 | $12,178 +3.1% | $530,408 +8.3% |
| 2019 | $11,812 +2.2% | $489,874 +4.8% |
| 2018 | $11,563 -3% | $467,500 +10% |
| 2017 | $11,919 | $425,000 -10.7% |
| 2016 | $11,919 +20.4% | $476,000 +13% |
| 2015 | $9,896 | $421,411 +7.5% |
| 2014 | $9,896 | $392,122 +17.4% |
| 2013 | -- | $334,119 -2.3% |
| 2012 | -- | $342,058 +9.1% |
| 2011 | -- | $313,525 +470% |
| 2010 | -- | $55,000 |
| 2009 | -- | $55,000 |
| 2008 | -- | $55,000 |
| 2007 | -- | $55,000 |
| 2006 | -- | $55,000 -26.6% |
| 2005 | -- | $74,900 |
| 2004 | -- | $74,900 |
| 2003 | -- | $74,900 -0.1% |
| 2002 | -- | $75,000 |
| 2001 | -- | $75,000 +1400% |
| 2000 | -- | $5,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 75407
Nearby schools
GreatSchools rating
- 3/10Godwin Elementary SchoolGrades: PK-5Distance: 2.5 mi
- 8/10Clark MiddleGrades: 6-8Distance: 2.3 mi
- 5/10Princeton High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Godwin
- Middle: Clark
- High: Princeton
- District: Princeton ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Collin County
- Princeton
- 75407
- 506 Calm Water Cv
Nearby cities
Nearby zip codes
Other Princeton Topics
