Exceptional opportunity in a highly desirable and rapidly transforming area of Dallas! 5012 Wateka Drive offers 3 bedrooms, 2 bathrooms, approximately 1,892 square feet, and two separate living areas, providing a spacious and versatile floor plan with plenty of room for entertaining, relaxing, or creating a dedicated home office.
What truly sets this property apart is the location and tremendous potential for added value. Renovated and newly constructed homes throughout the surrounding area have sold for well over $1 million, giving buyers an exciting opportunity to purchase at a significantly lower price point and create a home tailored to their own style. Rather than paying a premium for someone else's renovation, move in, make improvements at your own pace, and take advantage of the potential to build substantial equity.
Inside, you'll find hardwood flooring, a wood-burning fireplace, generously sized bedrooms, and multiple living spaces that provide an excellent starting point for a thoughtful renovation. The established lot features mature trees and plenty of character, while the home's existing footprint offers numerous possibilities for updating and modernizing.
Whether you're looking for a primary residence with serious upside or a property where you can live while renovating and potentially create significant value in a relatively short period of time, this home presents a rare opportunity. Conveniently located near shopping, dining, major roadways, and some of Dallas' most sought-after neighborhoods, 5012 Wateka Drive combines location, space, and outstanding renovation potential.
Priced to go FAST so get in while you can! Empty lots selling for 600k in this neighborhood and this is a fully functional home!
For sale
$640,000
5012 Wateka Dr, Dallas, TX 75209
3beds
1,892sqft
Single Family Residence
Built in 1946
8,058 Square Feet Lot
$616,400 Zestimate®
$338/sqft
$-- HOA
What's special
Wood-burning fireplaceHardwood flooringMultiple living spacesEstablished lotMature treesGenerously sized bedrooms
- 3 days
- 406
- 13
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jason Dixon 0738886 4695504421,
VIP Realty 214-295-4888
Source: NTREIS,MLS#: 21372203
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Dimensions: 1 x 1
Bedroom
- Level: First
- Dimensions: 1 x 1
Bedroom
- Level: First
- Dimensions: 1 x 1
Primary bathroom
- Level: First
- Dimensions: 1 x 1
Dining room
- Level: First
- Dimensions: 1 x 1
Other
- Level: First
- Dimensions: 1 x 1
Living room
- Level: First
- Dimensions: 1 x 1
Living room
- Level: First
- Dimensions: 1 x 1
Appliances
- Included: Dishwasher, Washer
Features
- Built-in Features, Walk-In Closet(s)
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 1,892 sqft
Video & virtual tour
Property
Parking
- Parking features: Asphalt, Concrete
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 8,058 Square Feet
Details
- Parcel number: 00000346945000000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached
- Property subtype: Single Family Residence
Condition
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Greenway Village Rev
HOA
- Has HOA: No
Location
- Region: Dallas
Financial & listing details
- Price per square foot: $338/sqft
- Tax assessed value: $650,000
- Annual tax amount: $14,474
- Date on market: 8/28/2026
- Cumulative days on market: 26 days
Estimated market value
$616,400
$586,000 - $647,000
$4,070/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Listed for sale | $640,000-2.3%$338/sqft |
Source: NTREIS #21372203 Report a problem | ||
| 8/11/2026 | Listing removed | $655,000$346/sqft |
Source: NTREIS #21335501 Report a problem | ||
| 7/19/2026 | Listed for sale | $655,000$346/sqft |
Source: NTREIS #21335501 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,928 +5.6% | $650,000 +12.3% |
| 2024 | $7,506 +8.5% | $578,760 +13.9% |
| 2023 | $6,919 -7% | $508,000 +22.5% |
| 2022 | $7,444 +2.6% | $414,800 +7.4% |
| 2021 | $7,253 +7.4% | $386,100 +7.5% |
| 2020 | $6,752 +9.7% | $359,110 |
| 2019 | $6,156 +6.2% | $359,110 +8.2% |
| 2018 | $5,794 +15.8% | $331,930 +35.3% |
| 2017 | $5,004 +10.7% | $245,310 +6.2% |
| 2016 | $4,520 +13.1% | $231,080 +21% |
| 2015 | $3,996 | $191,040 +5.9% |
| 2014 | $3,996 | $180,340 |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Bluffview
Nearby schools
Schools provided by the listing agent
- Elementary: Maplelawn
- Middle: Medrano
- High: Jefferson
- District: Dallas ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






