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$1,234,500

1720 Water Lily Dr, Southlake, TX, 76092

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths3 Bath
Baths4,802 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$257.08 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal

Exterior

Private PoolPrivate Pool
Lot Size14,166 sqft

Building Information

Year Built1997
Stories2
Garage Spaces3

Land Information

APN27135-5-5-71
Lot Number5
SubdivisionMyers Meadow Addition
Land UseResidential
Legal DescriptionMYERS MEADOW ADDITION BLOCK 5 LOT 5 PER PLAT A-2160
Census Tract113906
Assessed Land Value$243,900
Assessed Improvement Value$771,008
Assessment Year2025

About this property

Welcome to 1720 Water Lily Drive, a spacious 5-bedroom, 3-full-bathroom, 1-half-bathroom home offering an impressive combination of comfort, functionality, and thoughtful upgrades in highly sought-after Carroll ISD! Designed with everyday living and entertaining in mind, this Southlake property features an abundance of desirable amenities and versatile living spaces. One of the standout features is the enclosed sunroom, providing additional space to enjoy year-round with endless possibilities for relaxing, entertaining, a playroom, home office, or flexible living area. Surround sound throughout the home further enhances the experience, creating an inviting atmosphere for gatherings and entertainment. The home is also equipped with solar panels, which will be paid off in full at closing, offering an energy-conscious benefit without an ongoing solar loan obligation for the new owners. A RainSoft water softener and carbon filtration system add to the home's everyday comfort and functionality. Additional features include convenient attic access, an existing gas hookup that has been capped off but can be reconnected, and an impressive six covered parking spaces, including a three-car garage and three additional covered parking spaces. Located in the heart of Southlake, this home offers convenient access to the exceptional shopping, dining, entertainment, and everyday amenities the area is known for, including Southlake Town Square and the surrounding Southlake Boulevard corridor. Commuters and frequent travelers will appreciate easy access to major thoroughfares including SH 114, FM 1709, and FM 1938, along with proximity to DFW International Airport. Zoned to highly regarded Carroll ISD, this property presents a wonderful opportunity to enjoy an established Southlake location with spacious accommodations, practical upgrades, and desirable features both inside and out!

Investor Tools

$148,866Estimated Mortgage Balance
$1,136,134Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,710 /month
Positive
Cash Flow Estimate:
$2,570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,744/month
$1,190/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,506
$1,014,908
2025
$243,900
$771,008
$1,014,908
No

Tax History

Year
Tax Paid
Assessed Value
2025
$14,506
$1,014,908

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everbank.Com
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$323,200
No
First
Jun 8, 2005
Jul 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$148,866
$1,136,134
88%
12%
$1,785/mo

City: Southlake

1720 Water Lily Dr | Property Details | No Agent List