5012 Wateka Drive, Dallas, Texas
$640,000
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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!
School District: Dallas ISD
Dallas MLS #: 21372203
Representing the Seller: Listing Agent Jason Dixon; Listing Office: VIP Realty
Representing the Buyer: Contact realtor Douglas Newby of Douglas Newby & Associates if you would like to see this property. Call: 214.522.1000 — Text: 214.505.9999
Property Overview
- Listing Price: $640,000
- MLS ID: 21372203
- Status: For Sale
- Days on Market: 9
- Updated: 8/29/2026
- Previous Status: For Sale
- MLS Start Date: 8/28/2026
Property History
- Current Listing: $640,000
Interior
- Number of Rooms: 3
- Full Baths: 2
- Half Baths: 0
- Interior Features:
Built-in Features
Walk-In Closet(s)
Parking
- Parking Features:
Asphalt
Concrete
Location
- County: Dallas
- Directions: Off inwood near the airport.
Community
- Home Owners Association: None
School Information
- School District: Dallas ISD
- Elementary School: Maplelawn
- Middle School: Medrano
- High School: Jefferson
Heating & Cooling
Utilities
- Utility Description:
City Sewer
City Water
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sqft.): 8,058.6
Financial Considerations
- Price per Sqft.: $338
- Price per Acre: $3,459,459
- For Sale/Rent/Lease: For Sale
Disclosures & Reports
- Legal Description: GREENWAY VILLAGE BLK 2/4911 LT 8 VOL97054/125
- APN: 00000346945000000
- Block: 24911
If You Have Been Referred or Would Like to Make an Introduction, Please Contact Me and I Will Reply Personally
Douglas Newby represents clients with Dallas estate homes, architect designed homes and modern homes. Call: 214.522.1000 — Text: 214.505.9999
Listing provided courtesy of North Texas Real Estate Information Systems (NTREIS)
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