Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Street View of property
Street View
B+
NoAgentList RatingHow are grades calculated? Info

$230,000

301 Watermere Drive 301, Southlake, TX, 76092

$299,000 ARVInfo
Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths1,005 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$228.86 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCeramic Tile

Building Information

Year Built2008
Garage Spaces2

Land Information

APN45259C---T--316
Lot Number316
SubdivisionWatermere At Southlake Condo
Land UseResidential
Legal DescriptionWATERMERE AT SOUTHLAKE CONDO BLOCK T LOT 316 SOUTH TOWER .5978% OF C A
Census Tract113912
Assessed Land Value$70,000
Assessed Improvement Value$256,700
Assessment Year2025

About this property

Enjoy luxury condo living in Southlake's premier senior living community of Watermere at the amazingly low price of $230,000. This one-bedroom condo is the smallest available at Watermere but has all the high-end features and comfort of larger units. It features a fabulous lake view, with added storage, new luxury vinyl plank flooring in the bedroom and living room, stainless steel appliances and granite countertops. Mandatory membership in the club assists the wonderful lifestyle and includes full access to 35,000 sqft clubhouse and it's amenities like concierge services, golf at Sky Creek Ranch, fitness classes, water aerobics, scheduled activities, events and day trips. Restaurant dining, casual bistro and nightly cocktail hours.

Investor Tools

Property Icon
$454,000
Estimated Property Value
$0Estimated Mortgage Balance
$454,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$299,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,724 /month
Positive
Cash Flow Estimate:
$908 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$756/month
$2,450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,797
$326,700
2025
$70,000
$256,700
$326,700
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,797
$326,700

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$454,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,910/mo
$2,450/mo
$-540/mo
5.0%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

301 Watermere Drive 301 | Property Details | No Agent List