




$1,350,000
850 Lake Wood Dr, Southlake, TX, 76092
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About this property
While this stunning residence has been impeccably updated, there remains boundless potential for the discerning buyer to elevate it to new heights of luxury and sophistication. This home embodies the epitome of opportunity, a rare chance to acquire a meticulously updated residence with equity building potential on a sprawling one acre lot. This is an opportunity not to be missed! So many updates already completed, full interior paint, exterior paint, new carpet, hardwoods freshly scraped and re-stained with a natural finish and more! Lakewood Addition offers a neighborhood of one acre homesites providing spaciousness and privacy, but close to HWY 114 and walking distance to Southlake Town Square. This is a rare opportunity as homes do not often become available in this beautiful, quiet, neighborhood. Living in LakeWood offers a harmonious blend of natural beauty, accessibility to shopping, schools and convenience!
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Southlake
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These are Deal List properties graded A+, A.
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