Selected for the Terner Labs Housing Venture Lab

302 W Charlottesville Avenue, Colleyville, TX 76034

Active
Listed 160 days ago
Owner-Occupant Eligible
$1,275,000

About $7,767 a month to live here, after the rent from the other home.

House + ADU4,795 sqft5 beds5 bathsListed Jun 5, 2026

A house with a second home on the lot. Live in one and rent out the other. How it works

Live here for about

$7,767a month

The second home on the lot rents for $1,745. We hold back $288 of that for repairs and an empty month, and the rest goes toward a $9,224 monthly payment.

Income to qualify: about $240,000 a year

With how much down?

At 20% down ($255,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $166,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$38,250 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Seller contributing $25,000 toward interest rate buydown. Poised on a picturesque .55-acre hilltop corner lot in coveted Monticello of Colleyville, this luxurious traditional estate blends timeless architecture with a serene, wooded backdrop. Thoughtfully designed for multigenerational living, the home offers a rare combination of elegance, privacy, and functional flexibility, including a convenient step-free garage entry that provides seamless main-level access to a guest suite, full bath, kitchen, and primary living areas—ideal for extended family or long-term guests. A circular drive, mature trees, and refined stonework create a grand and welcoming arrival. Inside, rich mahogany wood floors set a sophisticated tone, leading to a beautifully updated chef’s kitchen featuring an expansive Taj Mahal Quartzite island, custom white cabinetry, upgraded stainless appliances, double ovens, farmhouse sink, designer lighting, and an artisanal backsplash. The kitchen flows effortlessly into expansive living spaces, including a light-filled family room with fireplace and built-ins, a charming breakfast room, and a sunroom that frames tranquil views of the natural landscape. Upstairs, a versatile bonus room connects three secondary bedrooms and opens to a private rear balcony, while an additional front balcony provides another peaceful retreat for morning coffee or evening relaxation. One of the bedrooms has a separate entrance for extra privacy and can serve as a second master retreat. Outdoors, the property transforms into a secluded sanctuary with mature trees, stone retaining walls, natural rock formations, a cascading waterfall, and a tranquil pond—offering the ambiance of a luxury resort without the maintenance of a pool. Residents enjoy access to Monticello’s ponds, trails, playgrounds, tennis, pickleball, and fishing, all within the highly regarded Grapevine-Colleyville ISD.

House + ADU

Property Type

23,784 sqft

Lot Size

1992

Year Built

Listing Date: 06/05/2026

Listed by: Andrea Miranda

Listing office: Briggs Freeman Sothebys Intl

Source: NTREIS #21275029

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$1,275,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,275,000
Your Down Payment$255,000
Financed$1,020,000
Estimated Monthly Payment$9,224

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($255,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$9,224/month
Principal + Interest
$6,115
Property Taxes
$2,207
Home Insurance
$823
HOA$79
Rental Income (1 Unit)
$1,745/month

From the listing description.

Rental Expenses
-$288
Cost to live here
$7,767/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

NTREIS logo

MLS# 21275029 · Listing office: Briggs Freeman Sothebys Intl

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.