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$579,000

359 Watermere Drive, Southlake, TX, 76092

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,317 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$249.89 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Convection Oven, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2014
Garage Spaces3

Land Information

APN45259C---V--359
Lot Number359
SubdivisionWatermere At Southlake Condo
Land UseResidential
Legal DescriptionWATERMERE AT SOUTHLAKE CONDO BLOCK V LOT 359 VILLA .7889% OF C A
Census Tract113912
Assessed Land Value$100,000
Assessed Improvement Value$400,439
Assessment Year2025

About this property

Welcome home to this Private Villa in Watermere, the only Luxury 55+ Senior Living in Southlake! Enter the villa community through a gated entrance to find this lovely end unit with tons of natural light. Open plan living features a spacious Kitchen w granite countertops, stainless appliances, island, lots of storage + Pantry; large Dining area + large Living area with beams & gas fireplace. Private Master suite boasts of a bathroom with 2 sinks, shower & bathtub, plus roomy closet opening to Laundry room. Two additional bedrooms, one that could be an office, plus comfortable Den-Media room. Plantation shutters, hardwood floors (carpet in 2 beds) & additional fireplace on large covered back Patio. **$20,000 Club Membership Included in price. Buyer responsible for $3500 Capital Reserve fee. Membership includes full access to 35,000 sqft clubhouse, concierge services, fitness classes, water aerobics, scheduled activities - events, day trips, fine dining, bistro + nightly cocktail hours.

Investor Tools

Property Icon
$649,000
Estimated Property Value
$0Estimated Mortgage Balance
$649,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,894 /month
Positive
Cash Flow Estimate:
$1,298 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$937/month
$2,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,998
$500,439
2025
$100,000
$400,439
$500,439
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,998
$500,439

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$649,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,910/mo
$2,500/mo
$-590/mo
3.5%

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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359 Watermere Drive | Property Details | No Agent List