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  • Zillow Home logoZestimate®
    $947,000

    2856 Peninsula Dr, Grapevine, TX 76051

    3beds
    2,564sqft
    SingleFamily
    Built in 1994
    0.47 Acres Lot
    $947,000 Zestimate®
    $369/sqft
    $3,899 Estimated rent

    Home value

    $947,000

    $900,000 - $994,000

    $3,899/mo

    Zestimate® history
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    What's special

    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.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Source: Engel & Volkers,MLS#: 21309291MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Has cooling: Yes
    Appliances
    • Included: Refrigerator, Dishwasher, Microwave
    Features
    • Vaulted Ceiling(s), Walk-In Closet(s), High Speed Internet
    • Flooring: Tile
    • Has basement: No
    • Has fireplace: Yes
    Interior area
    • Total structure area: 2,564
    • Total interior livable area: 2,564 sqft

    Property

    Parking
    • Parking features: Additional Parking, Covered, Direct Access, Driveway, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Garage Faces Side, Lighted, Oversized, Storage
    • Has garage: Yes
    Features
    • Patio & porch: Deck
    Lot
    • Size: 0.47 Acres
    Details
    • Parcel number: 06398081

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Composition
    Condition
    • Year built: 1994

    Community & HOA

    Community
    • Subdivision: Labrador Bay Estate
    Location
    • Region: Grapevine

    Financial & listing details

    • Price per square foot: $369/sqft
    • Tax assessed value: $696,390
    • Annual tax amount: $6,961
    • Date on market: 6/23/2026
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    9/12/2026Listing removed$995,000$388/sqft
    Source: NTREIS #21309291 Report a problem
    8/21/2026Price change$6,000+9.1%$2/sqft
    Source: Engel & Volkers #21363793 Report a problem
    8/19/2026Listed for rent$5,500$2/sqft
    Source: Engel & Volkers #21363793 Report a problem
    7/25/2026Price change$995,000-2.9%$388/sqft
    Source: NTREIS #21309291 Report a problem
    7/24/2026Price change$1,025,000-2.4%$400/sqft
    Source: Engel & Volkers #21309291 Report a problem
    6/23/2026Listed for sale$1,050,000-16%$410/sqft
    Source: NTREIS #21309291 Report a problem
    8/15/2025Listing removed$1,250,000$488/sqft
    Source: NTREIS #20924055 Report a problem
    5/3/2025Listed for sale$1,250,000+178.6%$488/sqft
    Source: NTREIS #20924055 Report a problem
    5/7/2019Listing removed$448,750$175/sqft
    Source: Coldwell Banker Residential Br #14054889 Report a problem
    4/9/2019Pending sale$448,750$175/sqft
    Source: Coldwell Banker Residential Brokerage - Fort Worth Tanglewood #14054889 Report a problem
    4/3/2019Listed for sale$448,750$175/sqft
    Source: Coldwell Banker Residential Br #14054889 Report a problem

    Public tax history

    YearProperty taxesTax 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

    Neighborhood: Grapevine Lake Estates

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Johnson
    • Middle: Carroll
    • High: Carroll
    • District: Carroll ISD

    Source: Engel & Volkers. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $947,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $947,000