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Days37Days on Market
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$599,990

500 Waters Edge Drive 313, Lake Dallas, TX, 75065

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,696 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$353.77 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave
FlooringHardwood, Tile, Wood

Exterior

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

Building Information

Year Built2014
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR296173 01
SubdivisionWaters Edge Condominium
Land UseCondominium
Legal DescriptionWATERS EDGE CONDOMINIUM BLD 3 UNT 313 PLUS 1.3952 % INT IN COM AREA
Census Tract021411
Assessed Land Value$50,800
Assessed Improvement Value$386,873
Assessment Year2024

About this property

OPEN HOUSE ON 6.27, SAT, AT 2-4PM!!*PANORAMIC LAKE VIEWS!!*GATED WATERFRONT COMMUNITY!!*LUXURY UPGRADES THROUGHOUT!!* Experience luxury lakeside living in this beautifully updated 3-bedroom, 2-bath residence overlooking Lewisville Lake. Located within a gated waterfront community in Lake Dallas, this exceptional condo offers unobstructed water views and a covered balcony, perfect for enjoying morning coffee and breathtaking views year round. This open-concept floor plan is filled with natural light, hardwood flooring, and designer finishes throughout. The chef-inspired kitchen showcases quartz countertops, luxury appliances such as the Fisher and Paykel panel refrigerator and 2 drawer dishwasher, a gas Wolf range, a farmhouse sink with instant hot water, custom floor-to-ceiling cabinetry with illuminated glass accents, a built-in ice maker, and a side bar with additional counter space, cabinetry and a built in wine fridge. A highly desired split floor plan showcases the primary suite with stunning views to wake up to, direct balcony access and sweeping lake views. The primary bath boasts a spa-inspired bath positioned to enjoy ocean views while the oversized, glass-enclosed, stand up shower, featuring a shower seat, and dual upgraded vanities. The secondary bedrooms located near the front of the home include walk-in closets with an easy to access guest bath featuring a shower tub combo and floor to ceiling tile wrapped in designer finishes and a custom vanities. Residents enjoy privacy in the community with amenities such as the lakeside pool and spa, clubhouse, fitness center, marina access, scenic walking paths and gated entry. With plenty of guest spots and two deeded covered garage vehicle spaces parking is no problem when entertaining. Conveniently located near shopping, dining, and major highways, this exceptional unit is one of a kind.

Investor Tools

Property Icon
$437,673
Estimated Property Value
$0Estimated Mortgage Balance
$437,673Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

Interested in this property?

Charles Brown

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$624/month
$646/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,304
$437,673
2024
$50,800
$386,873
$437,673
No

Tax History

Year
Tax Paid
Assessed Value
2023
$5,304
$437,673

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$437,673
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,090/mo
$646/mo
+$1,444/mo
5.7%

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 313 | Property Details | No Agent List