Prime Build-Ready Lot just under an acre in Southwest Arlington! Nestled in an established neighborhood, this exceptional homesite at 5408 Waterview Drive offers the rare opportunity to build your custom dream home on a spacious, level lot surrounded by beautiful mature trees. Enjoy the perfect blend of privacy, natural beauty, and peaceful surroundings with city convenience. Flat, accessible, and ready for development, with utilities and driveway access available. Conveniently located near major highways, shopping, dining, and highly regarded schools. A truly exceptional opportunity to build in an highly desirable location with character, charm, and endless potential. Buy today and build your custom home just in time to celebrate the holidays!
Lot/land
Price cut: $5K (7/13)
$244,900
5408 Waterview Dr, Arlington, TX 76016
--beds
--baths
0.86Acres
Unimproved Land
Built in 1971
0.86 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Spacious level lot
- 99 days
- 190
- 12
Zillow last checked:
Listing updated:
Listed by:
Jennifer Lauren 0647146 817-987-9952,
Compass RE Texas, LLC. 214-814-8100,
Georgie Zang 0708834 817-228-8550,
Compass RE Texas, LLC.
Source: NTREIS,MLS#: 21278654
Facts & features
Interior
Video & virtual tour
Property
Features
- Fencing: Chain Link
Lot
- Size: 0.86 Acres
- Features: Acreage, City Lot
Details
- Parcel number: 00526681
- Zoning description: RES
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Chapparal Valley
HOA
- Has HOA: No
Location
- Region: Arlington
Financial & listing details
- Tax assessed value: $83,944
- Annual tax amount: $1,835
- Date on market: 5/22/2026
- Cumulative days on market: 154 days
- Listing terms: Cash,Conventional,Federal Land Bank,USDA Loan
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2026 | Price change | $244,900-2% |
Source: NTREIS #21278654 Report a problem | ||
| 5/22/2026 | Listed for sale | $249,900-12.3% |
Source: NTREIS #21278654 Report a problem | ||
| 4/22/2026 | Listing removed | $285,000 |
Source: NTREIS #21190216 Report a problem | ||
| 2/25/2026 | Listed for sale | $285,000+3.6% |
Source: NTREIS #21190216 Report a problem | ||
| 7/24/2024 | Sold | -- |
Source: NTREIS #20524831 Report a problem | ||
| 6/7/2024 | Pending sale | $275,000 |
Source: NTREIS #20524831 Report a problem | ||
| 5/25/2024 | Listed for sale | $275,000 |
Source:  Ebby Halliday Realtors #20524831 Report a problem | ||
| 5/24/2024 | Contingent | $275,000 |
Source: NTREIS #20524831 Report a problem | ||
| 3/8/2024 | Price change | $275,000-7.7% |
Source: NTREIS #20524831 Report a problem | ||
| 2/1/2024 | Listed for sale | $297,900 |
Source: NTREIS #20524831 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,835 +0% | $83,944 |
| 2024 | $1,835 -1.9% | $83,944 |
| 2023 | $1,870 -5.3% | $83,944 +5.7% |
| 2022 | $1,975 +17.9% | $79,398 +21.6% |
| 2021 | $1,674 -1.9% | $65,297 -0.6% |
| 2020 | $1,707 +2.7% | $65,696 -0.8% |
| 2019 | $1,662 -3.3% | $66,196 |
| 2018 | $1,720 +4631.1% | $66,196 |
| 2017 | $36 -8.3% | $66,196 -1.8% |
| 2016 | $40 +25.3% | $67,391 +0.1% |
| 2015 | $32 | $67,300 |
| 2014 | $32 | $67,300 |
| 2013 | -- | $67,300 |
| 2012 | -- | $67,300 |
| 2011 | -- | $67,300 |
| 2010 | -- | $67,300 |
| 2009 | -- | $67,300 |
| 2008 | -- | $67,300 |
| 2007 | -- | $67,300 +125.8% |
| 2006 | -- | $29,800 |
| 2005 | -- | $29,800 -1% |
| 2004 | -- | $30,100 -0.7% |
| 2003 | -- | $30,300 -0.7% |
| 2002 | -- | $30,500 -0.7% |
| 2001 | -- | $30,700 +7.7% |
| 2000 | -- | $28,500 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: West
Nearby schools
Schools provided by the listing agent
- Elementary: Ditto
- Middle: Young
- High: Martin
- District: Arlington 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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