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$5,853,691

1502 Meandering Way Drive, Westlake, TX, 76262

Off MarketInfo
Baths0 Bath
Baths9,372 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size2.34 acres

Building Information

Year Built2023

Land Information

APN12888T-3-9
Lot Number9
SubdivisionEstates Of Quail Hollow, The
Land UseResidential
Legal DescriptionESTATES OF QUAIL HOLLOW, THE BLOCK 3 LOT 9
Census Tract113954
Assessed Land Value$2,150,530
Assessed Improvement Value$3,703,161
Assessment Year2025

About this property

Build your dream home nestled in the trees of this 2.34 acre corner wooded lot overlooking the prestigious Quail Hollow development! This is a 24-hr gated & guarded community with choice of Southlake-Carroll ISD or Westlake Academy! This picturesque 188-acre gate community is set amidst one of the most desirable locations in all of North Texas. Limited to only 96 home sites, Quail Hollow is luxury living at its best!

Investor Tools

Property Icon
$5,853,691
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$35,122 /month
Positive
Cash Flow Estimate:
$11,707 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$7,158/month
$6,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$56,631
$5,853,691
2025
$2,150,530
$3,703,161
$5,853,691
No

Tax History

Year
Tax Paid
Assessed Value
2024
$56,631
$5,853,691

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank
Building Or Construction Loan
$6,114,228
No
First
Mar 29, 2022
Mar 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$11,531,276
N/A
0%
197%
$68,020/mo

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.

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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: Westlake

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1502 Meandering Way Drive | Property Details | No Agent List