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$1,375,000

2804 Riverbrook Way, Southlake, TX, 76092

Under ContractInfo
Beds3 Beds
Baths3 Bath
Baths2,819 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$487.76 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Wine Cooler
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesFire Pit, Rain Gutters
Lot Size7,244 sqft

Building Information

Year Built2018
Garage Spaces3

Land Information

APN39584-4-13R
Lot Number13R
SubdivisionSouth Village At Watermere
Land UseResidential
Legal DescriptionSOUTH VILLAGE AT WATERMERE BLOCK 4 LOT 13R
Census Tract113912
Assessed Land Value$253,000
Assessed Improvement Value$765,667
Assessment Year2025

About this property

This exceptional single-story custom home is located in the gated enclave of South Village at Watermere, a premier 55+ active-adult community. Boasting a modern, open-concept design, the property sits on a premium lot backing up to a serene, private lake. The gourmet kitchen serves as the heart of the home, fully equipped with a premium gas cooktop, double ovens, and stainless steel appliances. This culinary space flows seamlessly into a large family room anchored by a handsome stone fireplace, custom lighted built-ins, and a built-in surround sound system. An adjacent second living area features a sophisticated dry bar with an integrated wine cooler, offering a flexible layout that can easily convert into a formal dining room.The home includes three spacious bedrooms and three beautifully appointed full bathrooms. The luxurious master suite serves as a private sanctuary, complete with a soaking tub, a massive walk-in shower, and a custom-designed closet system equipped with a built-in safe. Two additional generously sized secondary bedrooms offer independent access to their own dedicated bathrooms, ensuring comfort and privacy for guests.Outside, a spectacular covered outdoor living area features its own cozy stone fireplace and a motorized power shade screen, making it a comfortable year-round retreat to enjoy the peaceful lake views. Delivering a true lock-and-leave lifestyle with included front yard maintenance, this property is located just minutes away from local restaurants, shopping, and the vibrant Southlake Town Square.

Investor Tools

$0Estimated Mortgage Balance
$1,321,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,250 /month
Positive
Cash Flow Estimate:
$2,750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,140/month
$2,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,074
$1,018,667
2025
$253,000
$765,667
$1,018,667
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,074
$1,018,667

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,352,000
100%
0%
$0/mo

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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2804 Riverbrook Way | Property Details | No Agent List