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Off market
  • $1,291,200

    701 Cherrywood Dr, Prosper, TX 75078

    4beds
    4,081sqft
    SingleFamily
    Built in 2016
    0.38 Acres Lot
    $1,291,200 Zestimate®
    $316/sqft
    $6,564 Estimated rent

    Home value

    $1,291,200

    $1.23M - $1.36M

    $6,564/mo

    Zestimate® history
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    $8,529/mo

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    What's special

    This is an exceptional single story home FOR LEASE in sought-after Whitley Place. Perfectly blending elegance, functionality and resort style outdoor living, this 4 bedroom, 3 and one half bath residence offers an ideal layout for everyday living and entertaining. From the moment you arrive, the charming brick and stone elevation and manicured landscaping create impressive curb appeal. Inside, you are greeted by a spacious study featuring a bay window and French doors, providing the perfect work from home space. A formal dining room sits off the entry and connects seamlessly to a butlers pantry and built-in wine bar, making hosting effortless. The heart of the home is the expansive family room with a fireplace, custom built-ins and a wall of windows overlooking the stunning backyard oasis. The open concept kitchen is designed to impress with a large center island, gas cooktop, double ovens, granite countertops, breakfast nook and oversized walk-in pantry with incredible storage. The private primary suite is generously sized and features built-ins, creating a true retreat. The ensuite bath offers abundant storage cabinetry, a tub, separate shower and spacious walk-in closet. Three additional guest bedrooms provide comfort and flexibility, while a dedicated media room is perfect for movie nights or game day gatherings. A mud room and utility room with built-in cabinets add everyday convenience and organization. Step outside to your own backyard paradise. The expansive outdoor living area includes a fireplace and fully equipped cooking station. The oversized pool features a tanning ledge and spa, complemented by a covered seating area for additional entertaining space. A large grassy yard offers plenty of room to play or relax. Located in Whitley Place, residents enjoy two community pools, playgrounds, walking trails and catch and release fishing ponds. The home is zoned to highly acclaimed Prosper ISD with an elementary school located within the community. NO PETS! 2026-06-15

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Fireplace
    Cooling
    • Central Air, Ceiling Fan
    Appliances
    • Included: Dishwasher, Disposal, Microwave
    Features
    • Ceiling Fan(s), Walk In Closet
    • Flooring: Carpet, Tile
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 4,081 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Attached, Other
    • Has attached garage: Yes
    • Details: Contact manager
    Features
    • Stories: 1
    • Exterior features: Brick, High-speed Internet Ready, Stone, Walk In Closet
    • Has private pool: Yes
    • Pool features: Pool
    Lot
    • Size: 0.38 Acres
    Details
    • Parcel number: R1077200K02601

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: SingleFamily
    Materials
    • Brick, Stone
    Condition
    • Year built: 2016

    Community & HOA

    HOA
    • Amenities included: Pool
    Location
    • Region: Prosper

    Financial & listing details

    • Price per square foot: $316/sqft
    • Tax assessed value: $1,436,682
    • Annual tax amount: $20,168
    • Date on market: 5/4/2026
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    6/20/2026Listing removed$7,500$2/sqft
    Source: Zillow Rentals Report a problem
    6/16/2026Listing removed$1,350,000$331/sqft
    Source: Ebby Halliday Realtors #21194201 Report a problem
    5/14/2026Listed for sale$1,350,000$331/sqft
    Source: NTREIS #21194201 Report a problem
    5/11/2026Contingent$1,350,000$331/sqft
    Source: NTREIS #21194201 Report a problem
    5/4/2026Listed for rent$7,500$2/sqft
    Source: Zillow Rentals Report a problem
    4/25/2026Price change$1,350,000-3.5%$331/sqft
    Source: NTREIS #21194201 Report a problem
    3/1/2026Listed for sale$1,399,000+99.9%$343/sqft
    Source: NTREIS #21194201 Report a problem
    9/19/2016Listing removed$699,990$172/sqft
    Source: Private Label Realty #13433134 Report a problem
    7/30/2016Listed for sale$699,990$172/sqft
    Source: Private Label Realty #13433134 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$20,168 +5.6%$1,204,188 +10%
    2024$19,106 +10.3%$1,094,716 +10%
    2023$17,321 $995,196 +10%
    2022-- $904,724 +19.3%
    2021$16,005 +4.7%$758,088 +6.7%
    2020$15,292 -5.2%$710,413 -1.9%
    2019$16,133 +3.9%$723,865 +8.5%
    2018$15,530 +521.3%$667,210 +44%
    2017$2,499 $463,403 +359.7%
    2016$2,499 $100,800
    Find assessor info on the county website

    Neighborhood: Whitley Place

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,291,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,291,200