Rare opportunity to own a one-of-a-kind custom home in Grapevine, zoned to highly sought-after, award-winning Carroll ISD, one of North Texas’ most coveted school districts. Nestled in a prestigious Grapevine Lake community on nearly half an acre, this extensively renovated residence offers an exceptional blend of luxury, privacy, nature, and location, just minutes from Southlake Town Square, DFW Airport, and Historic Grapevine. Surrounded by mature trees and lush landscaping, the expansive grounds feature Emerald Zoysia grass and a private, resort-like setting. With no homes directly behind the property, enjoy exceptional privacy and peaceful views of nature. An impressive two-level Trex deck overlooks the oversized backyard, creating the perfect setting for entertaining, outdoor dining, and relaxing evenings. Inside, sophisticated finishes include white oak accent walls, custom cabinetry and doors, designer LED lighting, and premium Andersen windows and sliding glass doors that fill the home with natural light. The gourmet kitchen features brand-new Thermador appliances, while electric shades in the primary suite and main living areas add convenience and luxury. Additional upgrades include a Level 4 hail-resistant roof installed in 2023, whole-home water filtration, dedicated drinking-water purification, tankless water heater, and energy-efficient improvements. The garage features epoxy flooring and EV-charging capability, plus two custom cedar storage sheds. A truly rare opportunity to own a fully renovated luxury home offering Carroll ISD schools, Grapevine Lake living, exceptional privacy, and effortless access to Southlake and Grapevine.
For sale
Price cut: $30K (7/25)
$995,000
2856 Peninsula Dr, Grapevine, TX 76051
3beds
2,564sqft
Single Family Residence
Built in 1994
0.47 Acres Lot
$956,100 Zestimate®
$388/sqft
$-- HOA
What's special
Nearly half an acrePrivate resort-like settingDesigner led lightingCustom cabinetry and doors
- 67 days
- 1,728
- 124
Zillow last checked:
Listing updated:
Listed by:
Muska Buczek 0683227 214-773-3010,
Engel&Volkers Dallas Southlake 817-416-2700
Source: NTREIS,MLS#: 21309291
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Features: Ceiling Fan(s), Dual Sinks, Separate Shower, Walk-In Closet(s)
- Level: Second
- Dimensions: 17 x 14
Family room
- Features: Fireplace
- Level: First
- Dimensions: 27 x 18
Living room
- Level: First
- Dimensions: 22 x 16
Heating
- Central, Electric, ENERGY STAR/ACCA RSI Qualified Installation, ENERGY STAR Qualified Equipment, Fireplace(s), Natural Gas, Zoned
Cooling
- Central Air, Ceiling Fan(s), Electric, ENERGY STAR Qualified Equipment, Humidity Control, Zoned
Appliances
- Included: Built-In Gas Range, Built-In Refrigerator, Convection Oven, Double Oven, Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Water Softener, Tankless Water Heater, Vented Exhaust Fan, Warming Drawer, Water Purifier
- Laundry: Washer Hookup, Dryer Hookup, Laundry in Utility Room
Features
- Built-in Features, Chandelier, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, High Speed Internet, Kitchen Island, Open Floorplan, Smart Home, Vaulted Ceiling(s), Natural Woodwork, Walk-In Closet(s)
- Flooring: Luxury Vinyl Plank, Tile
- Windows: Window Coverings
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Gas, Gas Starter, Wood Burning
Interior area
- Total interior livable area: 2,564 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking, Covered, Direct Access, Door-Single, Driveway, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Lighted, Oversized, Garage Faces Side, Storage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Front Porch, Side Porch, Balcony
- Exterior features: Balcony, Lighting, Rain Gutters, Storage
- Pool features: None
- Fencing: Fenced,High Fence,Privacy
Lot
- Size: 0.47 Acres
- Features: Back Yard, Cul-De-Sac, Lawn, Landscaped, Many Trees, Sprinkler System
Details
- Parcel number: 06398081
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary/Modern,Detached
- Property subtype: Single Family Residence
Materials
- Cedar, Stucco
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- Year built: 1994
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Overhead Utilities, Sewer Available, Separate Meters, Water Available
Community & HOA
Community
- Features: Lake
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Labrador Bay Estate
HOA
- Has HOA: No
Location
- Region: Grapevine
Financial & listing details
- Price per square foot: $388/sqft
- Tax assessed value: $696,390
- Annual tax amount: $10,449
- Date on market: 6/23/2026
- Cumulative days on market: 68 days
- Listing terms: Cash,Conventional,FHA,Other,VA Loan
- Road surface type: Asphalt
Estimated market value
$956,100
$908,000 - $1.00M
$3,827/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Price change | $6,000+9.1%$2/sqft |
Source:  Engel & Volkers #21363793 Report a problem | ||
| 8/19/2026 | Listed for rent | $5,500$2/sqft |
Source: Engel & Volkers #21363793 Report a problem | ||
| 7/25/2026 | Price change | $995,000-2.9%$388/sqft |
Source: NTREIS #21309291 Report a problem | ||
| 7/24/2026 | Price change | $1,025,000-2.4%$400/sqft |
Source: Engel & Volkers #21309291 Report a problem | ||
| 6/23/2026 | Listed for sale | $1,050,000-16%$410/sqft |
Source: NTREIS #21309291 Report a problem | ||
| 8/15/2025 | Listing removed | $1,250,000$488/sqft |
Source: NTREIS #20924055 Report a problem | ||
| 5/3/2025 | Listed for sale | $1,250,000+178.6%$488/sqft |
Source: NTREIS #20924055 Report a problem | ||
| 5/7/2019 | Listing removed | $448,750$175/sqft |
Source: Coldwell Banker Residential Br #14054889 Report a problem | ||
| 4/9/2019 | Pending sale | $448,750$175/sqft |
Source: Coldwell Banker Residential Brokerage - Fort Worth Tanglewood #14054889 Report a problem | ||
| 4/3/2019 | Listed for sale | $448,750$175/sqft |
Source: Coldwell Banker Residential Br #14054889 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,961 -22.3% | $696,390 |
| 2024 | $8,954 +36.5% | $696,390 -0.5% |
| 2023 | $6,561 -17.5% | $699,688 +48.9% |
| 2022 | $7,956 -5.6% | $469,750 -0.5% |
| 2021 | $8,424 +4.5% | $471,957 +5.6% |
| 2020 | $8,062 +56.4% | $447,099 -0.6% |
| 2019 | $5,155 +6% | $450,000 +70.6% |
| 2018 | $4,864 -2.5% | $263,804 -46.4% |
| 2017 | $4,990 +9.6% | $491,735 +18.5% |
| 2016 | $4,554 +4.4% | $414,859 +109.3% |
| 2015 | $4,363 | $198,200 |
| 2014 | $4,363 | $198,200 |
| 2013 | -- | $198,200 +0.9% |
| 2012 | -- | $196,400 |
| 2011 | -- | $196,400 -0.2% |
| 2010 | -- | $196,700 -4.7% |
| 2009 | -- | $206,400 |
| 2008 | -- | $206,400 |
| 2007 | -- | $206,400 |
| 2006 | -- | $206,400 +36.2% |
| 2005 | -- | $151,500 |
| 2004 | -- | $151,500 |
| 2003 | -- | $151,500 |
| 2002 | -- | $151,500 +7% |
| 2001 | -- | $141,600 |
| 2000 | -- | $141,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Grapevine Lake Estates
Nearby schools
Schools provided by the listing agent
- Elementary: Johnson
- Middle: Carroll
- High: Carroll
- District: Carroll ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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