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THE KIND OF HOME THEY DON’T BUILD EVERY DAY. Welcome to 1201 Waterton Drive in Prosper Lake on Preston, an established community of custom homes, larger lots, and highly sought after Prosper ISD. From the moment you enter, soaring ceilings, rich hardwood floors, walls of windows, and incredible natural light set the tone. At the heart of the home, the kitchen and living spaces were made for gathering. The chef’s kitchen features a professional-grade 6-burner gas range with griddle, built-in refrigerator, oversized island, walk-in pantry, and cabinetry with lighted glass-front uppers. The kitchen opens to a dramatic living room with a designer coffered ceiling, overlooking the manicured backyard and flows to the formal dining room with a built-in wine bar for easy entertaining. The glass sliders are perfectly positioned, to bring the outdoors in! With the outdoor built in grilling area and fireplace featured under the extended covered patio you have true indoor-outdoor living. Perfect for morning coffee to family dinners and enjoying outside in the cooler Texas weather. A spacious home office and first-floor full guest suite with private bath offer flexibility and privacy. Tucked towards the back of the home your oversized primary suite feels like a retreat with a spa-like bath, dual shower heads, and a show-stopping custom closet with built-ins, center island and the floor-to-ceiling tri-view mirror makes morning routines feel effortless. Laundry can be accessed from front hall and from the primary closet for everyday convenience. Upstairs the media room with went-bar and provides even more space to spread out and enjoy. This home has so much to offer including 3-car garage & prime location...Just off Preston Rd with quick DNT access, minutes to Gates of Prosper, PGA Frisco, shopping & dining, all within highly regarded Prosper ISD. Luxury. Space. Quality. All under $1 million. Because newer doesn’t always mean better. Welcome home!
View Virtual Tour| This Home's Price | $850,000 | This Home's Price Per SqFt | $ |
| Average Price | $961,481 | Average Price Per SqFt | $ |
| Highest Price | $1,150,000 | Highest Price Per SqFt | $ |
| Lowest Price | $850,000 | Lowest Price Per SqFt | $ |
| This Home's Price | $850,000 | This Home's Price Per SqFt | $ |
| Average Price | $931,000 | Average Price Per SqFt | $ |
| Highest Price | $1,200,000 | Highest Price Per SqFt | $ |
| Lowest Price | $699,000 | Lowest Price Per SqFt | $ |
As A Vacation Home, Owner Has Vacationed Three To Four Weeks Per Year For Past Three Years. Property Is Essentially Untouched, Is A Big Lot, In Great Neighborhood, Has Large Space Between Homes And Has Great View Of A Beautiful Lake. Fully Furni...
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Listing information last updated on October 18th, 2026 at 12:30am CDT.
