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$549,900

301 Watermere Dr Apt 320, Southlake, TX, 76092

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,022 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$271.96 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Tile

Exterior

Lot Size20.76 acres

Building Information

Year Built2008
Garage Spaces2

Land Information

APN45259C---T--320
Lot Number320
SubdivisionWatermere At Southlake Condo
Land UseResidential
Legal DescriptionWATERMERE AT SOUTHLAKE CONDO BLOCK T LOT 320 SOUTH TOWER .6697% OF C A
Census Tract113912
Assessed Land Value$70,000
Assessed Improvement Value$349,705
Assessment Year2025

About this property

Discover elevated living in one of Southlake’s premier 55+ active-adult communities, Watermere at Southlake. Rare opportunity available on this corner condo with beautiful pond and fountain views, north and east exposures, and resort-style amenities. The split-bedroom floor plan offers 3 bedrooms, 2 full and 1 half baths, third bedroom showcases a custom built-in bookcase ideal for an office, library, or additional living space. The spacious primary suite features two walk-in closets, dual vanity, linen storage, and separate shower. The guest suite offers private ensuite bath and large walk-in closet. Abundant oversized closets provide exceptional storage throughout. Major update includes a new central AC system with interior and exterior units installed March 2026 and new microwave in 2026. One reserved interior garage parking space, valued at approximately $15,000, is included with the sale. Located near the elevator, residents enjoy easy indoor access to dining, gathering spaces, mail room, and extensive Watermere amenities including an indoor heated pool and spa, fitness center, pickleball, walking trails, fishing lake, library, game room, ballroom, concierge services, salon and organized social activities. Enjoy peaceful water views, exceptional convenience, and a maintenance-free lifestyle in the heart of Southlake.

Investor Tools

$0Estimated Mortgage Balance
$495,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,299 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Randy White

Randy White Real Estate Svcs

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$374/month
$2,950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,014
$419,705
2025
$70,000
$349,705
$419,705
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,014
$419,705

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$495,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,530/mo
$2,950/mo
$-420/mo
6.1%

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.

Explore Texas Explore This Area
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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