
$1,578,000
NAL Estimated Property Value1120 Merlot Dr, Southlake, TX, 76092
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ABSOLUTELY EXQUISITE MITCHAM CUSTOM HOME IN EXCLUSIVE AND DESIRABLE VERSAILLES, SOUTHLAKE! THIS FABULOUS CUSTOM HOME FEATURES THE HIGH QUALITY CONSTRUCTION AND EXCEPTIONAL FLOOR PLANS MITCHAM CUSTOM HOMES IS RENOWN FOR, AND IS IDEALLY LOCATED IN ONE OF SOUTHLAKES MOST SOUGHT AFTER COMMUNITIES! COMMUNITY AMENITIES INCLUDE A BEAUTIFUL POOL AND TENNIS COURTS. THIS STUNNER SITS ON A LARGE, PRIVATE LOT WITH COVERED PATIO, HEATED POOL AND SPA, PLUS LARGE, OPEN GRASS AREAS FOR PLAYING AND ENTERTAINING. THE MAGNIFICENT FLLOR PLAN FEATURES AN OVER SIZED MASTER SUITE ON THE MAIN FLOOR, ALONG WITH A GUEST BEDROOM, INCREDIBLE OFFICE, FORMAL DINING ROOM, FORMAL LIVING ROOM, FAMILY ROOM, OPEN KITCHEN AND BREAKFAST AREA, ALL WITH LOVELY VIEWS OF THE PROPERTY. UPSTAIRS FEATURES A SECOND OFFICE, HUGE GAME AND MEDIA ROOM AND ADDITIONAL BEDROOMS! ALL THIS AND WALKING DISTANCE TO SOUTHLAKE TOWN SQUARE AND SOME OF THE AREAS BEST DINING, SHOPPING AND ENTERTAINMENT! ENJOY EXEMPLARY CARROLL I.S.D. SCHOOLS!
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Southlake
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