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509 Rapids Way, Norman, OK 73071
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Pine Creek — Norman, OK

$614,950 −1.6% since listing

509 Rapids Way, Norman, OK 73071

3 BD · 3 BA · 2,842 sq ft · Built 2026

$216
per sq ft
64
days listed
0.21
acre lot
3-car
garage
Type
Single Family Residence
Year built
2026
Garage
3-car attached
HOA
$972 / yr
School district
Norman
MLS #
1231377

Welcome to this charming one-story floor plan, perfectly designed for comfortable living. As you step into the entry, you're greeted by the spacious great room, ideal for gatherings and relaxation. The adjacent kitchen boasts a convenient butler's pantry, ensuring ample storage and organization for culinary enthusiasts. The home features 3 generously sized bedrooms, providing plenty of room for family and guests to retreat. Three well-appointed bathrooms offer convenience and privacy for all. With its thoughtful layout and modern amenities, this single-story abode embodies both functionality and style, creating a welcoming haven for all who enter. A media room that has a closet and can be counted as a 4th bedroom. Owner is licensee. O/A

Price reduced$614,950
Jul 29, 2026 · −$10,000 (1.6%)
Listed for sale$624,950
May 27, 2026

History from MLS records since this home was listed.

Market context, not advice — your agent will help you decide.

The seller has asked that no price estimate be shown for this home. Here is how similar homes nearby sold.

99.4%
median sale-to-list
27
median days on market
64
days this home has been listed
How we got this
  • Similar homes in ZIP 73071 sold for a median 99.4% of their final list price (40 sales).
  • 50% of them sold at or above list price.
  • They took a median 27 days to go under contract and close. This home has been listed 64 days.
  • The price has been reduced once (1.6% below its original price).
  • Homes that sit longer or take price cuts have often sold below list here, so the range leans lower.

Source: MLSOK closed sales in ZIP 73071 with similar bedrooms and size, Jun 2026–Oct 2026 (40 sales). Sale-to-list uses each home's final list price. Condition, upgrades, terms and timing matter as much as price. This is not an appraisal or a valuation of this home.

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Monthly cost

— / month

Principal, interest, taxes, insurance, and HOA.

Assumes a $614,950 price, 20% down, 30-year fixed rate at 7.24% (APR 7.24%). Includes taxes, insurance, and HOA dues; mortgage insurance not included. APR assumed equal to the rate; actual APR will be higher with lender fees. Estimate only. Not a loan offer or commitment.

An annual tax record is not available. This calculation starts with a planning allowance of 1.1% of the price. Adjust taxes below after confirming the amount with your lender or county assessor.

Principal & interest
—
Property taxes
—
Home insurance
—
HOA
—

Planning estimate, not a quote. Rate and insurance are editable assumptions. Taxes can change after purchase; confirm HOA dues and their frequency. Mortgage insurance, closing costs, and maintenance are not included.

Rate: Freddie Mac Primary Mortgage Market Survey 30-year fixed average for the week of Oct 29, 2026, via FRED. An average, not a quote.

Insurance: about $5,800/yr for a $300,000 Oklahoma home, scaled by price (Oklahoma average, InsuranceNewsNet and Insurify 2026 studies). Your quote depends on the home, roof, deductible and insurer.

What will insurance cost on this home?

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Liberty Link Group · licensed insurance agency

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Affiliated Business Arrangement disclosure: Homestead & Co's owner has an ownership interest in Liberty Link Group, an insurance agency. Because of that relationship, this referral may provide the owner a financial or other benefit.

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Leave this unchecked and they will contact you by email only.

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A quote is not a policy or a binder. Coverage depends on the insurance company's review.

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Kurt Swink · Financial Concepts Mortgage

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Relationship disclosure: Homestead & Co's owner is a licensed mortgage loan officer with Financial Concepts Mortgage. Because of that relationship, this referral may provide the owner a financial or other benefit.

You are not required to use Financial Concepts Mortgage or Kurt Swink. You are free to choose any lender, and shopping more than one lender may save you money.

Homestead & Co and its agents are paid no fee for this referral.

Leave this unchecked and they will contact you by email only.

Kurt Swink, NMLS #207515 · Financial Concepts Mortgage, NMLS #181632.

This is not a loan application, a rate quote, an offer of credit or a commitment to lend. Loan approval depends on the lender's review.

Equal Housing Opportunity.

Your request also goes to your Homestead & Co agent. We share only what you type here plus the general price range you were looking at.

MLSOK Listing provided courtesy of Daniel Reeves, ROI Real Estate, LLC ((405) 358-3311). Status: Active.

Listings courtesy of MLSOK as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of Jul 29, 2026, 9:37 AM CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Properties displayed may be listed or sold by various participants in the MLS, as established by the applicable MLS Governing Documents.

The listing information provided here is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use or search of this data other than by a consumer looking to purchase real estate is prohibited.

Data last updated Jul 29, 2026, 9:37 AM CT. MLS # 1231377. Homestead & Co is a licensed Oklahoma real estate brokerage.

$614,950 −1.6%

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Norman · $522,000–$708,000 · 2–4 beds · 2–4 baths

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By signing up you agree Homestead & Co may email you listing alerts; every alert has a one-click unsubscribe. Phone is optional. By providing it, you agree Homestead & Co may call or text you about homes like this one. Msg & data rates may apply; reply STOP to opt out, HELP for help. Consent is not a condition of any purchase or listing. SMS Terms · Privacy.

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