Unmatched Value in Frisco – Over 4,000 SqFt Under $700K in Grayhawk Welcome to 1016 Pelican Drive, a rare opportunity in Frisco’s highly sought-after Grayhawk community. This spacious and beautifully updated 5-bedroom, 4-bathroom home offers 4,272 square feet of living space—the only home in Frisco with this size under $700K. Designed for flexibility and comfort, the layout includes two primary suites, one on each level—ideal for multigenerational living. The downstairs primary suite features a spa-like bathroom with heated floors. The home has been freshly painted and includes brand-new carpet, along with handscraped hardwood floors throughout the main level. A soundproof media room offers the perfect space for movie nights or gaming, while a formal dining room and private den make entertaining and remote work effortless. Step outside to a huge backyard with an extended covered patio, perfect for relaxing or hosting guests. Tucked away on a quiet cul-de-sac in top-rated Frisco ISD, the home also includes two brand-new AC units and easy access to major destinations—just minutes from the upcoming Fields West, Universal Studios Texas, PGA of America, The Star, Shops at Legacy, and the Plano business corridor. This one checks every box for space, location, and value. Don’t miss your chance—schedule your private tour today!