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$599,990

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

On MarketInfo
Just AddedInfo
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 EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesSome Gas Appliances, Built In Refrigerator, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Plumbed For Gas, Range, Refrigerator, Some Commercial Grade
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
SubdivisionWaters Edge Condominium
Land UseResidential
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$350,024
Assessment Year2025

About this property

*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. Nestled within a gated waterfront community in Lake Dallas, this exceptional condo features unobstructed lake views & a covered balcony, creating the perfect setting for morning coffee or taking in the breathtaking scenery year-round. The open-concept floor plan is filled with natural light, beautiful hardwood flooring, & designer finishes throughout. The chef-inspired kitchen features quartz countertops, luxury appliances including a Fisher & Paykel panel refrigerator & 2-drawer dishwasher, a gas Wolf range, farmhouse sink, custom floor-to-ceiling cabinetry with illuminated glass accents, & a side bar offering additional counter space, cabinetry, & a built-in wine fridge. A highly desirable split floor plan highlights the primary suite, complete with stunning views to wake up to, direct balcony access, & sweeping lake views. The primary bath offers a spa-inspired setting with a soaking tub positioned to enjoy the views, along with an oversized glass-enclosed stand-up shower featuring a built-in seat & dual upgraded vanities. The secondary bedrooms are located toward the front of the home & feature walk-in closets, while the conveniently located guest bath offers a shower-tub combination, floor-to-ceiling tile, designer finishes, & a custom vanity. Residents enjoy added privacy & a wealth of community amenities, including a lakeside pool & spa, clubhouse, fitness center, marina access, scenic walking paths, & gated entry. With plenty of guest parking plus two deeded covered garage spaces, hosting guests is easy. Conveniently located near shopping, dining, & major highways, this exceptional lease opportunity offers a truly special lakeside lifestyle.

Investor Tools

$0Estimated Mortgage Balance
$568,000Estimated 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

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$500/month
$646/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,154
$400,824
2025
$50,800
$350,024
$400,824
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,154
$400,824

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$568,000
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
4.4%

City: Lake Dallas

500 Waters Edge Drive 313 | Property Details | No Agent List