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 ...
+ Read More| Listing Id: | 21372203 |
|---|---|
| List Price: | $640,000 |
| Property Type: | Residential |
| Property Sub Type: | Single Family Residence |
| Status: | Closed |
| Bedrooms Total: | 3 |
| Bathrooms Full: | 2 |
| Living Area: | 1,892 |
| Unexempt Taxes: | $14,474 |
| Lot Size Square Feet: | 8,058.6000 |
| Lot Size Acres: | 0.185 |
| Waterfront?: | No |
| City: | Dallas |
| County Or Parish: | Dallas |
| Subdivision Name: | Greenway Village Rev |
| Postal Code: | 75209 |
| Year Built: | 1946 |
| Accessibility Features Yn: | No |
| Appliances: | Dishwasher,Washer |
| Association Type: | None |
| Attached Garage?: | No |
| Basement Yn: | No |
| Bathrooms Total Decimal: | 2.00 |
| Bathrooms Total Integer: | 2 |
| Buyer Financing: | Conventional |
| Directions: | Off inwood near the airport. |
| Elementary School: | Maplelawn |
| Elementary School Name: | Maplelawn |
| Fireplace Features: | Wood Burning |
| Fireplaces Total: | 1 |
| Garage?: | No |
| High School Name: | Jefferson |
| Interior Features: | Built-in Features, Walk-In Closet(s) |
| Levels: | One |
| Room Count: | 8 |
| Lot Size: | Less Than .5 Acre (not Zero) |
| Lot Size Area: | 0.1850 |
| Lot Size Units: | Acres |
| Middle School Name: | Medrano |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Number Of Dining Areas: | 1 |
| Number Of Living Areas: | 2 |
| Parking Features: | Asphalt, Concrete |
| Pool?: | No |
| Possession: | Closing/Funding |
| Postal Code Plus 4: | 4825 |
| Property Attached?: | No |
| School District: | Dallas ISD |
| Smart Home Features Appor Pass Y: | 0 |
| Structural Style: | Single Detached |
| Transaction Type: | For Sale |
| Utilities: | City Sewer, City Water |
| Will Subdivide: | No |
Listing Courtesy of: VIP Realty
Listing Agent: Jason Dixon
214-295-4888
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North Texas Real Estate Information Systems, Inc. data last updated on October 14, 2026 02:26 AM - CT
Property Last Updated: October 14, 2026 02:26 AM - CT
