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$270,000

500 Waters Edge Drive 121, Lake Dallas, TX, 75065

$351,000 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,748 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$154.46 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Electric Water Heater, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Rain Gutters, Lighting, Private Yard
Lot Size3.68 acres

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APNR295867 01
SubdivisionWaters Edge Condominium
Land UseCondominium
Legal DescriptionWATERS EDGE CONDOMINIUM BLD 1 UNT 121 PLUS 1.5377 % INT IN COM AREA UNIT TYPE D2 UNIT TYPE D2
Census Tract021411
Assessed Land Value$55,880
Assessed Improvement Value$280,213
Assessment Year2024

About this property

TOTAL REMODEL by Builder,stunning soft modern contemp_kitchen boasts single bowl SS sink,quartz counters in 3cm Nymbus.kitchen backsplash in Center City_Carlton Beige offset.Cabinetry in Alabaster,SS fridge and stove, single handle gooseneck faucet,hardwood floors.Slipper tub in master bath framed by Bianco 12X24 tile offset, cabinets in Alabaster, picture frame mirror,widespread faucets, quartz counters in Lusso,12X24 Bianco tile offset flrs, 12X24 in mstr shwr, 2X2 tile shower pan. 5in plank in Hickory Espresso wood flooring in Master, LV, DR, hall, extended hall and kitchen, tile in wet area, carpet in quest bedrooms.Fresh paint in Natural Choice,trim and doors in Alabaster. Brushed Nickle fixtures_faucets

Investor Tools

Property Icon
$385,000
Estimated Property Value
$0Estimated Mortgage Balance
$385,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$351,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$612/month
$357/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,419
$336,093
2024
$55,880
$280,213
$336,093
No

Tax History

Year
Tax Paid
Assessed Value
2023
$5,419
$336,093

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$385,000
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.

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: Lake Dallas

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500 Waters Edge Drive 121 | Property Details | No Agent List