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$1,578,000

NAL Estimated Property Value

1120 Merlot Dr, Southlake, TX, 76092

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,681 Sq Ft
price_per_sqft$320.42 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Convection Oven, Double Oven, Vented Exhaust Fan, Warming Drawer
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size20,029 sqft

Building Information

Year Built2000
Stories2
Garage Spaces3

Land Information

APN44582D-6-13
Lot Number13
SubdivisionVersailles Addition
Land UseResidential
Legal DescriptionVERSAILLES ADDITION BLOCK 6 LOT 13
Census Tract113957
Assessed Land Value$344,850
Assessed Improvement Value$894,998
Assessment Year2025

About this property

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!

Investor Tools

Property Icon
$1,578,000
Estimated Property Value
$1,596,570Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,468 /month
Positive
Cash Flow Estimate:
$3,156 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,889/month
$970/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,779
$1,239,848
2025
$344,850
$894,998
$1,239,848
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,779
$1,239,848

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$806,500
No
First
Oct 1, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,596,570
N/A
0%
101%
$9,672/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Southlake

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