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Property Description
OPEN HOUSE TODAY! May 2nd 1-3pm. TAKE ADVANTAGE of this remarkable price adjustment - Discover luxury living in the highly sought-after Edgewood Estates neighborhood in LOVEJOY ISD. This impressive one-story residence offers multiple indoor and outdoor living areas, home office, media room, custom wine cellar, 2 separate bedroom wings, a Generac generator and more ideal for MULTI-GENERATIONAL living. This Paul Taylor custom home is thoughtfully designed combining modern sophistication with timeless appeal nestled on a generous 2-acre lot providing privacy, room to roam, and endless potential for outdoor enjoyment. Walk into a warm, inviting open floor plan ideal for everyday family life and entertaining, featuring spacious living areas, high ceilings, and abundant natural light. The gourmet kitchen is a chef's dream, complete with upgraded appliances, ample counter space, and a large island-perfect for gathering with friends and family. Multiple living spaces, including formal dining and flexible bonus areas, provide versatility for work, play or relaxation. The primary suite is a true retreat, boasting a spacious layout, luxurious en-suite bath with dual vanities, a soaking tub, separate oversized shower and generous walk-in closet. Additional bedrooms are well-appointed offering comfort and privacy for family or guests. Outdoor highlights include the expansive lot, mature landscaping, outdoor pool oasis and garden beds -ideal for Texas-sized backyard living. Located in the desirable Lovejoy ISD this property enjoys convenient access to major highways, shopping at Allen Premium Outlets, dining, parks, and the vibrant DFW area, while retaining the peaceful, semi-rural charm of Lucas. Whether you're seeking a forever home or a smart investment, this property delivers space, style, and serenity. Schedule your private tour today-this gem won't last long!
Full Property Details
Full Property Details for 503 Burke Dr
General
- Price: $1,499,999
- HOA FEE: $124/month
- HOA FEE FREQ.: Semi-Annually
- Taxes: $21,689
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21204241
- Updated: 5/2/2026
- Added to Site: 51 day(s) ago
Interior
- Interior Features: Wet Bar, Chandelier, Cathedral Ceiling(s), Dry Bar, Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Smart Home, Cable TV, Vaulted Ceiling(s), Natural Woodwork, Walk-In Closet(s), Wired for Sound
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Family Room, Gas Log, Gas Starter, Other, Outside, Propane, Stone, Wood Burning
- Appliances: Built-In Gas Range, Double Oven, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Range, Some Commercial Grade, Vented Exhaust Fan, Wine Cooler
- Flooring: Carpet, Ceramic Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, GasDryer Hookup, Laundry in Utility Room
Additional Information
- Pool: Yes
- Pool Description: Cabana, Gunite, Heated, In Ground, Outdoor Pool, Pool, Pool Sweep, Pool/Spa Combo, Waterfall, Water Feature
- Spa: Yes
- Spa Description: Hot Tub
- Security/Safety: Prewired, Security System Owned, Security System, Carbon Monoxide Detector(s), Fire Alarm, Wireless
- Equipment: Generator, Home Theater, Irrigation Equipment
Exterior
- Exterior Features: Built-in Barbecue, Barbecue, Gas Grill, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Living Area, Other, Private Yard, Rain Gutters
- Porch/Patio/Deck: Rear Porch, Front Porch, Patio, Covered
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 4
- Covered Spaces: 4
- Parking Features: Concrete, Door-Multi, Direct Access, Driveway, Epoxy Flooring, Garage, Garage Door Opener, Kitchen Level, Lighted, Oversized, Garage Faces Side
Location
- County: Collin
- Subdivision: Edgewood Estates Ph II
- Driving Directions: Please Use GPS - Sign in Yard
School Information
- Elem School District: Lovejoy ISD
- Midd School District: Lovejoy ISD
- High School District: Lovejoy ISD
- Elementary School: Hart
- Middle School: Willow Springs
- High School: Lovejoy
Community
- Association: Yes
- Assoc. Name: Neighborhood Mgmt, Inc
- Assoc. Fees Include: Association Management, Maintenance Grounds
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric, ENERGY STAR Qualified Equipment, Fireplace(s), Natural Gas
Utilities
- Sewer: Aerobic Septic, Septic Tank
- Water: Public
- Cable Available: Yes
- Utility Description: Electricity Available, Electricity Connected, Natural Gas Available, Propane, Septic Available, Separate Meters, Underground Utilities, Water Available, Cable Available
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional, Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Brick, Rock, Stone
- Roof: Composition
- Windows: Shutters, Window Coverings
- Stories/Levels: 1
- Living Area: 4,718 Sq. Ft.
- Year Built: 2013
Additional Structures
- Other Structures: Cabana, Garage(s), Outdoor Kitchen, Residence, Storage
Lot Features
- Lot Size (Acres): 2
- Lot Size (Sq. Ft.): 87,120
- Lot Size Source: Appraiser
- Lot Features: Acreage, Back Yard, Cleared, Cul-De-Sac, Hardwood Trees, Lawn, Landscaped, Level, Many Trees, Sprinkler System, Wooded
- Trees/Vegetation: Cleared
- Fencing (Description): Fenced, Full, Gate, High Fence, Metal, Perimeter
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Association Fee: $743
- Assoc Fee Freq.: Semi-Annually
- Tax Amount: $21,689
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: EDGEWOOD ESTATES PHASE II (CLU), BLK B, LOT 2
- Property ID: R934900B02501
- Block: B
- Lot Number: 25
Listed by JPAR North Metro, Gens Johnson
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Schools
Schools serving 503 Burke Dr
School District:Lovejoy Independent School District
| Name | Grades | Distance |
|---|---|---|
Joe V Hart Elementary School 450 Country Club Rd, Lucas, TX 75002 | K-4 | 0.6 mi |
Willow Springs Middle School 1101 West Lucas Road, Lucas, TX 75002 | 7-8 | 0.7 mi |
Lovejoy High School 2350 Estates Parkway, Lucas, TX 75002 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 503 Burke Dr
Date
Details
Price
Change
Source
4/08/2026
Price Reduced
$1,499,999
-6.19%
MLS
3/12/2026
Listed
$1,599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 503 Burke Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$17,684
7%
$1,583,521
12%
2023
$16,510
-8%
$1,418,567
5%
2022
$17,942
—
$1,350,250
5%
2022
$17,942
5%
$1,284,579
36%
2021
$17,091
7%
$947,032
18%
2020
$16,013
-17%
$800,000
-12%
2019
$19,256
3%
$905,000
8%
2018
$18,744
9%
$838,596
10%
2017
$17,229
—
$762,360
—
2016
$17,301
14%
$759,612
9%
2015
$15,204
80%
$695,000
81%
2014
$8,426
151%
$383,392
152%
2013
$3,362
—
$152,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 503 Burke Dr
503 Burke Drive, Lucas, TX 75002 (MLS# 21204241) is a Single Family property with 5 bedrooms, 4 full bathrooms and 1 partial bathroom. 503 Burke Drive is currently listed for $1,499,999 and was received on March 12, 2026. Want to learn more about 503 Burke Drive? Do you have questions about finding other Single Family real estate for sale in Lucas? You can browse all Lucas real estate or contact a Coldwell Banker agent to request more information.

