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$1,484,000

NAL Estimated Property Value

223 Westwood Drive, Southlake, TX, 76092

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,237 Sq Ft
price_per_sqft$432.5 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Gas Range, Microwave, Vented Exhaust Fan

Exterior

Lot Size1.01 acres

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN47585-2-5
Lot Number5
SubdivisionWoodland Heights Addition
Land UseResidential
Legal DescriptionWOODLAND HEIGHTS ADDITION BLOCK 2 LOT 5
Census Tract113957
Assessed Land Value$528,300
Assessed Improvement Value$445,452
Assessment Year2025

About this property

Serenity Meets Modern Luxury! Perched on one of the highest elevations in Southlake, this stunning property is a rare lifestyle offering just minutes from Town Square. The one-story 4-bedroom, 3.5-bath layout combines refined living with peaceful surroundings on a coveted corner lot in a quiet, no-through-traffic neighborhood. EXCEPTIONAL LOT VALUE - Set on a rectangular 1-acre lot, this property enjoys unmatched tranquility with mature trees, fresh landscaping, and no HOA restrictions in a unique upscale enclave of similar 1-acre properties. The yard has been meticulously maintained with trimmed trees, new mulch, and power-washed exterior surfaces—offering ready to move into, clean, peaceful retreat. A bonus fenced side yard is ideal for your furry friends to run around in their own space, and the home even offers a unique shower in the utility room for your beloved animals. THOUGHTFULLY REMODELED - Extensively updated in 2020, the home features soaring ceilings in both formal and family living areas with a pair of skylights, creating an open, airy feel. Contemporary flooring, fully renovated bathrooms, a unique murphy bed cabinet for that unexpected overnight guest, and a sleek modern kitchen with concrete countertops and a full bank of custom cabinetry, provide a blend of sophistication, comfort and convenience. As if that weren't enough, a bonus structure with AC could be a workout room, office or hobby area. Recent updates include fresh paint in select areas, upgraded doors and repaired roof — making this home truly move-in ready. A PLACE TO BREATHE - Whether you’re sipping coffee on the back patio or hosting friends under the stars, this home invites you to slow down and savor life. Combining upscale finishes with one of the most peaceful settings in Southlake, 223 Westwood Drive is a sanctuary for those who value space, style, and a connection to nature—all just minutes from the heart of town.

Investor Tools

Property Icon
$1,484,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,484,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,904 /month
Positive
Cash Flow Estimate:
$2,968 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,988/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,436
$973,752
2025
$528,300
$445,452
$973,752
No

Tax History

Year
Tax Paid
Assessed Value
2025
$16,436
$973,752

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,484,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,130/mo
N/A
+$3,130/mo
2.5%

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.

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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: Southlake

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223 Westwood Drive | Property Details | No Agent List