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B+
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Days32Days on Market
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$450,000

137 Southwood Dr, Lancaster, TX, 75146

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,984 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$226.81 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Range, Microwave, Double Oven, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Lighting

Building Information

Garage Spaces1

About this property

Welcome to Gatlin Estate's private residence, a truly rare luxury offering located on its own separately deeded parcel adjacent to 201 Oakwood Drive. Thoughtfully designed as an extension of the estate, this beautifully crafted three-bedroom, two-bath home offers exceptional comfort, timeless craftsmanship, and remarkable versatility for multigenerational living, extended family, or guests. The spacious interior is filled with natural light and features custom wood cabinetry, a gourmet kitchen with double ovens, a breakfast area open to the den, formal living and dining areas, and oversized bedrooms designed with the comfort and proportions of primary suites. Recent improvements include roof replacement, HVAC system, and replacement of the original cast iron drain lines, providing added peace of mind while complementing the home's enduring quality. Every detail reflects the same level of craftsmanship and care found throughout Gatlin Estate. Outdoors, a welcoming front porch, private fenced backyard, and expansive covered patio create inviting spaces for relaxing or entertaining. The extended driveway, attached garage, carport, and oversized parking area easily accommodate multiple vehicles, offering exceptional flexibility for everyday living and special gatherings. Surrounded by lush landscaping and mature trees, the property offers a peaceful setting just minutes from major highways, shopping, dining, and everyday conveniences. This separately deeded parcel is offered exclusively in conjunction with 201 Oakwood Drive, preserving the integrity and vision of Gatlin Estate as a singular legacy property. More than a home, it is a private retreat thoughtfully designed for elevated living, lasting memories, and generations to come.

Investor Tools

$0Estimated Mortgage Balance
$325,060Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

Interested in this property?

Elisha Scott

Compass RE Texas, LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$531/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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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: Lancaster

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