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$391,000

NAL Estimated Property Value

500 Waters Edge Drive 223, Lake Dallas, TX, 75065

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,772 Sq Ft
price_per_sqft$180.02 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

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

Building Information

Year Built2005
Stories1

Land Information

APNR295899 01
SubdivisionWaters Edge Condominium
Land UseCondominium
Legal DescriptionWATERS EDGE CONDOMINIUM BLD 2 UNT 223 PLUS 1.5589 % INT IN COM AREA UNIT TYPE D1 UNIT TYPE D1
Census Tract021411
Assessed Land Value$56,606
Assessed Improvement Value$284,352
Assessment Year2024

About this property

You will feel like you are living in paradise at this gorgeous three bedroom, two and a half bath waterfront condo located in Waters Edge Condominiums. Just a short, scenic drive from I35E, you will find this lovely gated community surrounded by green trees and Lewisville Lake. Beautiful, updated light fixtures throughout gives this home so much light and character. Open concept floorplan provides the perfect gathering space for family and friends. The stacked stone fireplace gives an added touch of flair against the warm, brown floors and bright walls. The master suite showcases a large, updated bathroom and huge walk in closet. This community also features a pool, community lake house and workout facility.

Investor Tools

Property Icon
$391,000
Estimated Property Value
$0Estimated Mortgage Balance
$391,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,346 /month
Positive
Cash Flow Estimate:
$782 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$597/month
$381/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,209
$340,958
2024
$56,606
$284,352
$340,958
No

Tax History

Year
Tax Paid
Assessed Value
2023
$5,209
$340,958

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$391,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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 223 | Property Details | No Agent List