5940 Margewood Drive, Dallas, TX 75267 - Photo 1

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$425,000

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Active
Lots/Land
1.21 Acres

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Property Description

Prime Acre Lot Near Downtown Dallas - Build Your Dream Home! Seize the rare opportunity to own an expansive 1.21 ACRE LOT just minutes from the heart of Downtown Dallas. Nestled in a sought-after, rapidly developing area, this blank canvas offers endless possibilities for creating your custom dream home, luxury estate, or investment property. This spacious lot features level terrain, mature trees, and easy utility access, providing the perfect foundation for new construction. With convenient access to major highways, top-rated schools, vibrant shopping, dining, and entertainment, this location delivers both tranquility and urban convenience. Whether you're a developer, investor, or future homeowner, this exceptional parcel combines location, size, and potential-making it a standout opportunity in one of Dallas's most desirable neighborhoods. Bring your architect and builder-this is where your vision begins.

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Full Property Details

Full Property Details for 5940 Margewood Dr

General

Price: $425,000
Status: Active
Type: Lots/Land
Source: NTREIS
MLS ID: 20969637
Updated: 11/21/2025
Added to Site: 215 day(s) ago

Location

County: Dallas
Subdivision: Mountain Lake Heights Addition
Driving Directions: From Dallas, Take I-30 W, Exit 38, TX-12 Loop S and TX-408 Spur S to TX-303 Spur EW Kiest Blvd. Take the TX-303 Spur Kiest Blvd exit from TX-408 Spur S. Follow TX-303 Spur EW Kiest Blvd and S Ledbetter Dr to Margewood Drive.

School Information

Elem School District: Duncanville ISD
Midd School District: Duncanville ISD
High School District: Duncanville ISD
Elementary School: Bilhartz
Middle School: Kennemer
High School: Duncanville

Utilities

Utility Description: Electricity Available

Structural Information

Detached/Attached: Detached
Current Bldg. Use: Residential, Single Family

Lot Features

Lot Size (Acres): 1.21
Lot Size (Sq. Ft.): 52,707.6
Lot Size Source: Public Records
Frontage: City Street, Asphalt
Lot Features: Acreage, Irregular Lot, Many Trees, City Lot
Development Status: Streets Installed, Zoned
Zoning: Residential

Financial Considerations

Terms: Cash

Disclosures and Reports

Legal Description: Lot 7, Block 2/8028, Mountain Lake Heights Additio
Property ID: 785369120000
Block: 2/8028
Lot Number: 7

Listed by Keller Williams Realty DPR, Daniel Harker and Keller Williams Realty DPR, Philip Bentham

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Listing agents

— 5940 Margewood Dr —

Daniel Harker

Keller Williams Realty DPR
Philip Bentham

Keller Williams Realty DPR

469-717-6391

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NMLS#: 1598647

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Schools

Schools serving 5940 Margewood Dr

School District:Duncanville Independent School District

Name	Grades	Distance
James R Bilhartz Jr Elementary School 6700 Wandt Drive, Dallas, TX 75236	PK-4	2.5 mi
Duncanville High School 900 West Camp Wisdom Road, Duncanville, TX 75116	9-12	2.7 mi
G W Kennemer Middle School 7101 West Wheatland Road, Dallas, TX 75249	7-8	3.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5940 Margewood Dr Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/21/2025

Price Reduced

$425,000

-5.56%

MLS

8/04/2025

Price Reduced

$450,000

-10%

MLS

6/17/2025

Listed

$500,000

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5940 Margewood Drive, Dallas, TX 75267 (MLS# 20969637) is a Lots/Land property with a lot size of 1.21 acres. 5940 Margewood Drive is currently listed for $425,000 and was received on June 17, 2025. Want to learn more about 5940 Margewood Drive? Do you have questions about finding other Lots/Land real estate for sale in Southeast Dallas? You can browse all Southeast Dallas real estate or contact a Coldwell Banker agent to request more information.

5940 Margewood Dr Dallas, TX 75267