While this stunning residence has been impeccably updated, there remains boundless potential for the discerning buyer to elevate it to new heights of luxury and sophistication. This home embodies the epitome of opportunity, a rare chance to acquire a meticulously updated residence with equity building potential on a sprawling one acre lot. This is an opportunity not to be missed! So many updates already completed, full interior paint, exterior paint, new carpet, hardwoods freshly scraped and re-stained with a natural finish and more! Lakewood Addition offers a neighborhood of one acre homesites providing spaciousness and privacy, but close to HWY 114 and walking distance to Southlake Town Square. This is a rare opportunity as homes do not often become available in this beautiful, quiet, neighborhood. Living in LakeWood offers a harmonious blend of natural beauty, accessibility to shopping, schools and convenience!
Sold
Price Unknown
850 Lake Wood Dr, Southlake, TX 76092
4beds
3,633sqft
Single Family Residence
Built in 1983
1.07 Acres Lot
$1,416,500 Zestimate®
$--/sqft
$6,051 Estimated rent
Home value
$1,416,500
$1.32M - $1.54M
$6,051/mo
Zestimate® history
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List your homeWhat's special
New heights of luxuryNew carpetFull interior paintExterior paintAccessibility to shopping
Zillow last checked:
Listing updated:
Listed by:
Susan Larrabee 0505941 817-846-9778,
Berkshire HathawayHS PenFed TX 817-442-5345
Bought with:
Rick Johnson
Bradford Elite Real Estate LLC
Source: NTREIS,MLS#: 20550582
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Features: Closet Cabinetry, Fireplace
- Level: First
- Dimensions: 14 x 30
Bedroom
- Level: First
- Dimensions: 12 x 11
Bedroom
- Level: First
- Dimensions: 12 x 13
Bedroom
- Level: First
- Dimensions: 11 x 13
Dining room
- Level: First
- Dimensions: 17 x 14
Family room
- Level: First
- Dimensions: 13 x 21
Kitchen
- Features: Breakfast Bar, Built-in Features, Eat-in Kitchen, Granite Counters, Kitchen Island, Pantry
- Level: First
- Dimensions: 22 x 17
Living room
- Features: Fireplace
- Level: First
- Dimensions: 22 x 17
Media room
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 22 x 21
Office
- Features: Built-in Features
- Level: First
- Dimensions: 10 x 12
Heating
- Central, Fireplace(s), Natural Gas, Zoned
Cooling
- Central Air, Ceiling Fan(s), Zoned
Appliances
- Included: Some Gas Appliances, Built-In Gas Range, Built-In Refrigerator, Double Oven, Dishwasher, Disposal, Ice Maker, Microwave, Plumbed For Gas, Range, Refrigerator, Some Commercial Grade, Trash Compactor, Vented Exhaust Fan, Wine Cooler
- Laundry: Washer Hookup, Gas Dryer Hookup, Laundry in Utility Room
Features
- Wet Bar, Built-in Features, Chandelier, Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Sound
- Flooring: Carpet, Ceramic Tile, Hardwood, Slate
- Windows: Bay Window(s), Skylight(s), Window Coverings
- Has basement: No
- Number of fireplaces: 2
- Fireplace features: Family Room, Gas, Gas Log, Masonry, Primary Bedroom, Wood Burning
Interior area
- Total interior livable area: 3,633 sqft
Property
Parking
- Total spaces: 3
- Parking features: Circular Driveway, Concrete, Door-Multi, Door-Single, Driveway, Electric Gate, Garage Faces Front, Garage, Garage Door Opener, Gated, Side By Side
- Garage spaces: 3
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch, Covered, Deck
- Exterior features: Deck, Lighting, Private Yard, Rain Gutters
- Pool features: Diving Board, Gunite, In Ground, Outdoor Pool, Pool, Pool Sweep
- Fencing: Back Yard,Fenced,Full,Gate,Perimeter,Wood,Wrought Iron
Lot
- Size: 1.07 Acres
- Features: Acreage, Back Yard, Hardwood Trees, Lawn, Landscaped, Many Trees, Subdivision, Sprinkler System
Details
- Parcel number: 01568930
- Other equipment: Home Theater, List Available, Satellite Dish
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,Detached
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- Year built: 1983
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Septic Available, Separate Meters, Underground Utilities, Water Available, Cable Available
Green energy
- Energy efficient items: Appliances, Insulation, Windows
- Water conservation: Water-Smart Landscaping
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Lakewood Acres #1 Add Southlk
HOA
- Has HOA: No
Location
- Region: Southlake
Financial & listing details
- Tax assessed value: $1,130,559
- Annual tax amount: $14,216
- Date on market: 3/8/2024
- Cumulative days on market: 25 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 4/26/2024 | Sold | -- |
Source: NTREIS #20550582 Report a problem | ||
| 4/12/2024 | Pending sale | $1,350,000$372/sqft |
Source: NTREIS #20550582 Report a problem | ||
| 4/3/2024 | Contingent | $1,350,000$372/sqft |
Source: NTREIS #20550582 Report a problem | ||
| 3/25/2024 | Listed for sale | $1,350,000$372/sqft |
Source: NTREIS #20550582 Report a problem | ||
| 3/22/2024 | Contingent | $1,350,000$372/sqft |
Source: NTREIS #20550582 Report a problem | ||
| 3/8/2024 | Listed for sale | $1,350,000$372/sqft |
Source: NTREIS #20550582 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,308 +67.8% | $1,130,559 |
| 2024 | $9,721 -14.7% | $1,130,559 -12.7% |
| 2023 | $11,394 -9.7% | $1,294,540 +31.6% |
| 2022 | $12,622 -7.4% | $983,490 +52.6% |
| 2021 | $13,633 +2.6% | $644,586 +4.2% |
| 2020 | $13,286 +8.8% | $618,829 -3.9% |
| 2019 | $12,208 +4.9% | $644,093 +25.3% |
| 2018 | $11,643 +8.8% | $514,032 -9.8% |
| 2017 | $10,697 +8.4% | $569,962 +8.1% |
| 2016 | $9,868 +6.3% | $527,366 +36.6% |
| 2015 | $9,280 | $386,200 |
| 2014 | $9,280 | $386,200 |
| 2013 | -- | $386,200 +1.1% |
| 2012 | -- | $382,100 |
| 2011 | -- | $382,100 -0.1% |
| 2010 | -- | $382,500 -7.6% |
| 2009 | -- | $414,100 -1.4% |
| 2008 | -- | $420,000 -4.7% |
| 2007 | -- | $440,500 |
| 2006 | -- | $440,500 |
| 2005 | -- | $440,500 |
| 2004 | -- | $440,500 +38.1% |
| 2003 | -- | $319,000 +16.3% |
| 2002 | -- | $274,200 +5.1% |
| 2001 | -- | $260,800 |
| 2000 | -- | $260,800 |
Find assessor info on the county website
Neighborhood: 76092
Nearby homes
- $1,036,9003 bd3 ba2.1k sqft900 Lake Wood Dr, Southlake, TX 76092Off Market
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- $1,211,0003 bd3 ba3.7k sqft875 Wild Wood Ln, Southlake, TX 76092Off Market
- $--4 bd3 ba2.7k sqft875 Lake Wood Dr, Southlake, TX 76092Sold
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- $943,4003 bd2 ba1.9k sqft950 Lake Wood Dr, Southlake, TX 76092Off Market
Nearby schools
GreatSchools rating
- 10/10Durham Intermediate SchoolGrades: 5-6Distance: 1.2 mi
- 10/10Carroll Middle SchoolGrades: 7-8Distance: 0.9 mi
- 8/10Carroll High SchoolGrades: 9-10Distance: 0.9 mi
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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Estimated market value
$1,416,500
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
$1,416,500
- Texas
- Tarrant County
- Southlake
- 76092
- 850 Lake Wood Dr
