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$311,500

500 Waters Edge Drive 135, Lake Dallas, TX, 75065

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,450 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$214.83 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Plumbed For Ice Maker
FlooringCeramic Tile, Hardwood

Exterior

Exterior FeaturesBalcony, Rain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen
Lot Size3.68 acres

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APNR295880 02
SubdivisionWaters Edge Condominium
Land UseCondominium
Legal DescriptionWATERS EDGE CONDOMINIUM BLD 1 UNT 135 PLUS 1.2756 % INT IN COM AREA UNIT TYPE B UNIT TYPE B
Census Tract021411
Assessed Land Value$46,446
Assessed Improvement Value$233,085
Assessment Year2024

About this property

Enjoy your own tucked away oasis located on a very private gated Peninsula, surrounded by Lake Lewisville and Corp property. This beautiful third floor unit is conveniently accessed by an elevator or the stairs if you prefer. Great open floorplan with lots of windows, warm tones and stunning views. Split bedrooms for privacy. Enjoy the luxury of being away from the big city, with only a short drive to several surrounding towns and cities, restaurants and shopping, approx 25 minutes from DFW airport. Experience lake living in this top 3rd floor, 3 bedroom, 2 bath condo, tons of attic storage. 2 underground assigned parking spots come with the unit. Covered Enclave w water features, Salt water pool and spa, grill, several outdoor conversation areas and Gym. Private Owners Retreat with full lake view, available for homeowners and special events. Pride of ownership evident. Super low seller utility bills. Come see this Waters Edge beauty.

Investor Tools

Property Icon
$447,000
Estimated Property Value
$0Estimated Mortgage Balance
$447,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,682 /month
Positive
Cash Flow Estimate:
$894 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$456/month
$402/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,240
$279,531
2024
$46,446
$233,085
$279,531
No

Tax History

Year
Tax Paid
Assessed Value
2023
$3,240
$279,531

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$447,000
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 135 | Property Details | No Agent List