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$389,000

2723 Lake Way Dr, Grand Prairie, TX, 75052

PendingInfo
Beds3 Beds
Baths2 Bath
Baths2,308 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$168.54 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Microwave, Refrigerator
FlooringCarpet, Vinyl

Exterior

Lot Size8,433 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN45976B-B-1
Lot Number1
SubdivisionWest Shore At Joe Pool Lake
Land UseResidential
Legal DescriptionWEST SHORE AT JOE POOL LAKE BLOCK B LOT 1
Census Tract111564
Assessed Land Value$60,000
Assessed Improvement Value$276,246
Assessment Year2025

About this property

Welcome to your future home, where everyday living feels like a lakeside retreat! Perfectly positioned on a desirable corner lot in the heart of Grand Prairie, this beautiful home offers the rare combination of convenience, recreation, and natural beauty, with Joe Pool Lake just a short stroll away, making it feel like your own backyard. Inside, you'll be welcomed by an open-concept floor plan filled with natural light, soaring ceilings, and a spacious living area centered around a cozy fireplace perfect for relaxing evenings or gathering with family and friends. The kitchen is designed for both everyday living and entertaining, featuring ample cabinetry, generous counter space, a center island, and a seamless flow into the living and dining areas. The thoughtfully designed layout provides comfort, functionality, and an inviting atmosphere throughout. Imagine spending your mornings walking along the shoreline, afternoons boating, kayaking, or paddleboarding, and evenings watching breathtaking Texas sunsets over the water. Outdoor enthusiasts will love being just minutes from Lynn Creek Park, Cedar Hill State Park, scenic hiking and biking trails, fishing, camping, and countless waterfront activities. Beyond the lake, this prime location puts you close to some of the area's most popular destinations, including EpicCentral, Epic Waters Indoor Waterpark, Grand Prairie Premium Outlets, Globe Life Field, AT&T Stadium, and offers an easy commute to both Dallas and Fort Worth. Opportunities to own in this highly sought-after lake community don't come around often. Come experience the perfect blend of comfort, convenience, and the lake lifestyle you've been dreaming of!

Investor Tools

Property Icon
$392,000
Estimated Property Value
$162,500Estimated Mortgage Balance
$104,292Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,352 /month
Positive
Cash Flow Estimate:
$784 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$615/month
$378/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,415
$336,246
2025
$60,000
$276,246
$336,246
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,415
$336,246

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mikhail Sookoor
Seller Carryback / Seller Financing / Seller Take-Back
$162,500
No
First
Sep 12, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$287,708
$104,292
26%
73%
$1,947/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$2,325/mo
$-205/mo
6.5%

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: Grand Prairie

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2723 Lake Way Dr | Property Details | No Agent List