$314,000
1516 Elise Ave, Waco, TX, 76706
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About this property
Welcome to 1516 Elise Ave! This immaculate 3 bedroom, 2 bath home is nicely situated in the Lakes at University Parks subdivision, backing to the community's private lake. Featuring an accomodating open floorplan, this home has a wonderful bright & airy feel throughout along with a neutral color pallet, allowing ease in decorating. Upon entry, you are immediately greeted by lake views. The Kitchen features a nice island with breakfast bar, ample cabinet space for storage, a pantry, quartz counters & stainless steel appliances. Just off the kitchen is the open dining space with space for a buffett or china hutch. The spacious living area is ultra relaxing, overlooking the backyard & lake. The Isolated Primary suite is oversized and situated to the back of the home, offering lake views, plus a full en suite, offering dual vanities, a large walk in shower and walk in closet. Guest bedrooms are nicely sized with good closet space. Outdoors, you have a fully fenced backyard & covered patio, with gate access to the lake that allows catch & release fishing. Get ready to call this stunning home YOURS! Schedule your showing today!
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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: Waco
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