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$420,000 -$5,000 (-1.18%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 0.176 Acres
  • 2 Car Garage
  • Updated 1 day ago
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Welcome to this beautifully maintained 4-bedroom, 2.5-bath home offering 2,835 square feet of comfortable living space in the desirable Lakewood community of Grand Prairie. Designed with both functionality and entertaining in mind, this spacious two-story home features two living areas, two dining areas, an upstairs game room, and a versatile floor plan that accommodates a variety of lifestyles. The private first-floor primary suite offers a relaxing retreat, while three additional bedrooms upstairs provide ample space for family, guests, or a home office. The open-concept kitchen is the heart of the home, featuring an island, abundant cabinetry, generous counter space, and a seamless flow into the main living area with a cozy fireplace and plenty of natural light. Whether hosting gatherings or enjoying a quiet evening at home, this layout is designed for everyday comfort. Step outside to enjoy the spacious backyard patio, perfect for outdoor dining, weekend barbecues, or relaxing with family and friends. The backyard offers plenty of room for recreation and outdoor enjoyment. Don't miss this opportunity to own a spacious, well-maintained home with valuable updates, energy-efficient features, and an excellent location close to everyday conveniences and entertainment. Significant updates include new AC units installed and a gas water heater replaced in 2023, providing added value and peace of mind. The home is also equipped with roof-mounted solar panels under a transferable Power Purchase Agreement (PPA), allowing the buyer to assume the agreement and potentially benefit from reduced energy costs. Buyer and buyer's agent to verify all information, including room dimensions, schools, and details regarding the solar panel agreement and transfer requirements.

Full Property Details for 5240 Lake Grove Dr

General

  • Price: $420,000
  • HOA FEE: $42/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $9,616
  • Status: Active
  • Type: Single Family
  • Source: NTREIS
  • MLS ID: 21296822
  • Updated: 7/27/2026
  • Added to Site: 47 day(s) ago

Interior

  • Interior Features: Decorative/Designer Lighting Fixtures, Granite Counters, High Speed Internet, Cable TV, Vaulted Ceiling(s)
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Electric
  • Appliances: Dishwasher, Electric Cooktop, Disposal, Microwave
  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Washer Hookup, Dryer Hookup

Additional Information

  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Lighting, Playground, Rain Gutters, Storage
  • Porch/Patio/Deck: Patio, Covered

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Concrete

Location

  • County: Dallas
  • Subdivision: Lakewood Ph 01
  • Driving Directions: Exit Camp Wisdom and 360 and travel east, left on Black Tree Drive, right on Fleetwood Cove

School Information

  • Elem School District: Grand Prairie ISD
  • Midd School District: Grand Prairie ISD
  • High School District: Grand Prairie ISD
  • Elementary School: Mike Moseley
  • Middle School: Truman
  • High School: South Grand Prairie

Community

  • Association: Yes
  • Assoc. Name: GRAND PRAIRIE LAKEWOOD HOMEOWNERS ASSOCIATION
  • Assoc. Fees Include: Association Management

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Sewer Available, Water Available, Cable Available

Structural Information

  • Property Detached: Yes
  • Architectural Style: Traditional, Detached
  • Structure Type: House
  • Detached/Attached: Detached
  • Construction: Brick
  • Roof: Shingle
  • Windows: Window Coverings
  • Stories/Levels: 2
  • Living Area: 2,835 Sq. Ft.
  • Year Built: 2005

Lot Features

  • Lot Size (Acres): 0.176
  • Lot Size (Sq. Ft.): 7,666.56
  • Fencing (Description): Wood

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Association Fee: $125
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $9,616
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: LAKEWOOD PH 1 BLK D LT 14
  • Property ID: 281245600D0140000
  • Block: D
  • Lot Number: 14

Listed by Keller Williams Frisco Stars, Don Le

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Listing agent

— 5240 Lake Grove Dr —

  • Don Le

    Keller Williams Frisco Stars

682-551-1175

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5240 Lake Grove Dr

School District:Grand Prairie Independent School District
NameGradesDistance
Mike Moseley Elementary School
1851 West Camp Wisdom Road, Grand Prairie, TX 75052
PK-50.8 mi
Harry S Truman Middle School
1501 Coffeyville Trail, Grand Prairie, TX 75052
6-80.8 mi
South Grand Prairie High School
301 West Warrior Trail, Grand Prairie, TX 75052
9-123.6 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 5240 Lake Grove Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/27/2026
Price Reduced
$420,000
-1.18%
MLS
6/10/2026
Listed
$425,000
—
MLS
Get Price Alerts and Save Property
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 for 5240 Lake Grove Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,181
-7%
$426,080
—
2024
$7,749
2%
$426,080
2%
2023
$7,624
-23%
$416,730
7%
2022
$9,908
92%
$389,070
36%
2021
$5,171
1%
$286,890
8%
2020
$5,117
-32%
$264,420
—
2019
$7,549
3%
$264,420
6%
2018
$7,306
19%
$250,090
19%
2017
$6,148
—
$210,440
—
2016
$6,144
10%
$210,440
10%
2015
$5,610
5%
$191,620
—
2013
$5,325
—
$191,620
—
View All
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 for 5240 Lake Grove Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams Frisco Stars, Don Le

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5240 Lake Grove Drive, Grand Prairie, TX 75052 (MLS# 21296822) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 5240 Lake Grove Drive is currently listed for $420,000 and was received on June 10, 2026. Want to learn more about 5240 Lake Grove Drive? Do you have questions about finding other Single Family real estate for sale in Southwest Dallas? You can browse all Southwest Dallas real estate or contact a Coldwell Banker agent to request more information.

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