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$640,000 Just Listed
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Property Description
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!
Full Property Details
Full Property Details for 5012 Wateka Dr
General
- Price: $640,000
- Taxes: $14,474
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21372203
- Updated: 8/29/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Built-in Features, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Wood Burning
- Appliances: Dishwasher, Washer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Parking Features: Asphalt, Concrete
Location
- County: Dallas
- Subdivision: Greenway Village Rev
- Driving Directions: Off inwood near the airport.
School Information
- Elem School District: Dallas ISD
- Midd School District: Dallas ISD
- High School District: Dallas ISD
- Elementary School: Maplelawn
- Middle School: Medrano
- High School: Jefferson
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Detached
- Stories/Levels: 1
- Living Area: 1,892 Sq. Ft.
- Year Built: 1946
Lot Features
- Lot Size (Acres): 0.185
- Lot Size (Sq. Ft.): 8,058.6
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $14,474
Disclosures and Reports
- Legal Description: GREENWAY VILLAGE BLK 2/4911 LT 8 VOL97054/125
- Property ID: 346945000000
- Block: 24911
- Lot Number: 8
Listed by VIP Realty, Jason Dixon
Get Pre-Approved Today
Schools
Schools serving 5012 Wateka Dr
School District:Dallas Independent School District
| Name | Grades | Distance |
|---|---|---|
K B Polk Center For Academically T 6911 Victoria Avenue, Dallas, TX 75209 | K-8 | 0.4 mi |
Francisco Medrano Middle School 9815 Brockbank Drive, Dallas, TX 75220 | 7-8 | 3.6 mi |
Thomas Jefferson High School 4001 Walnut Hill Lane, Dallas, TX 75229 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5012 Wateka Dr
Date
Details
Price
Change
Source
8/28/2026
Listed
$640,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5012 Wateka Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,928
—
$670,000
3%
2025
$7,928
3%
$650,000
12%
2024
$7,712
11%
$578,760
14%
2023
$6,919
-7%
$508,000
22%
2022
$7,444
3%
$414,800
7%
2021
$7,253
7%
$386,100
8%
2020
$6,752
-31%
$359,110
—
2019
$9,817
4%
$359,110
8%
2018
$9,444
42%
$331,930
35%
2017
$6,671
6%
$245,310
6%
2016
$6,284
20%
$231,080
21%
2015
$5,238
6%
$191,040
6%
2014
$4,929
8%
$180,340
8%
2013
$4,560
—
$167,480
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5012 Wateka Dr
5012 Wateka Drive, Dallas, TX 75209 (MLS# 21372203) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5012 Wateka Drive is currently listed for $640,000 and was received on August 28, 2026. Want to learn more about 5012 Wateka Drive? Do you have questions about finding other Single Family real estate for sale in Dallas? You can browse all Dallas real estate or contact a Coldwell Banker agent to request more information.

