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Condos for Sale in Southlake, TX

Map of Southlake Condo Listings for Sale

For Sale
Southlake Condos Lifestyle Guide

Your Comprehensive

Southlake Condos Lifestyle Guide

By Sherri Murphy

Southlake, TX condos for sale offer modern, low-maintenance living in one of North Texas’s most desirable communities. From stylish townhomes near Southlake Town Square to gated condominium communities with resort-style amenities, buyers can find options that fit both lifestyle and budget. Condo living in Southlake appeals to professionals and active adults who want proximity to upscale shopping, dining, top-rated schools, and easy access to major highways. With a competitive market and strong property values, Southlake condos are an excellent choice for first-time buyers, downsizers, or investors seeking a blend of convenience and quality living.

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FAQs for Buying Condos in Southlake, TX

The average price for condos in Southlake, TX, can vary based on location, size, and amenities. However, as of recent trends, you can expect prices to range from $500,000 to over $1 million for luxury units.

 

Many condos in Southlake offer amenities such as fitness centers, swimming pools, private parking, security systems, clubhouses, and sometimes concierge services. Specific amenities depend on the condo community.

 

HOA (Homeowners Association) fees can vary widely depending on the condo community and the services provided. Typically, fees range from $300 to $700 per month, covering maintenance, landscaping, and amenities.

 

Many Southlake condo communities allow pets, but restrictions often apply to the size, breed, and number of pets. It’s important to check with each condo association for specific pet policies.

 

Southlake is primarily served by the Carroll Independent School District (Carroll ISD), which is highly rated. Buyers looking for family-friendly condos often prioritize proximity to these schools.

 

Short-term rental policies vary by condo association. Some communities may have restrictions on leasing for less than 30 days, while others may prohibit short-term rentals entirely. It's essential to verify these details with the condo association.

 

Condos in Southlake generally range from 1,200 to 3,000+ square feet, depending on the number of bedrooms and layout. Luxury condos may offer even larger floor plans with premium finishes.

 

Yes, financing options are available for purchasing condos in Southlake. It’s recommended to work with a lender experienced in condo financing, as some lenders may have specific requirements for condo purchases, especially if the building has certain ownership or leasing conditions.

 

The property tax rate in Southlake is typically around 2.3-2.7% of the property’s assessed value. Tax rates can vary slightly depending on the specific condo’s location and whether it falls within Southlake's city limits or nearby areas.

 

The process involves securing financing (if necessary), finding the right condo, making an offer, completing a home inspection, reviewing HOA documents, and closing the deal. Working with a local real estate agent familiar with Southlake’s condo market is highly recommended to navigate this process smoothly.

 

A Step-by-Step First-Time Condo Buyer’s Guide

Buying your first condo is an exciting milestone, but it also comes with unique considerations compared to buying a single-family home. This guide walks you through each step so you can make confident, informed decisions.

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Step 1: Research

Begin by learning how condo ownership differs from other types of homes. Research the basics of condo living, including homeowners associations (HOAs), monthly dues, rules, and shared amenities. Understanding these factors early helps you determine whether a condo fits your lifestyle, financial goals, and long-term plans.

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Step 2: Decide on Your Budget

Establish a realistic budget by reviewing your income, savings, and monthly expenses. In addition to the purchase price, account for HOA fees, property taxes, insurance, and maintenance costs. Setting a clear budget ensures you focus on condos you can comfortably afford, not just what you qualify for.

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Step 3: Get Prequalified

Getting prequalified by a lender gives you an estimate of how much you may be able to borrow based on your financial profile. This step helps narrow your home search and shows sellers that you are a serious buyer. For condos, prequalification can also reveal loan restrictions tied to specific buildings.

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Step 4: Choose a Real Estate Agent

Select a real estate agent who has experience with condo transactions. A knowledgeable agent can explain HOA documents, identify potential red flags, and guide you through condo-specific rules and financial requirements. Their expertise can help you avoid costly mistakes and streamline the buying process.

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Step 5: Find the Right Home

When touring condos, look beyond the unit itself and evaluate the overall community. Pay attention to building maintenance, noise levels, amenities, HOA management, and future resale potential. The right condo should align with both your lifestyle needs and your long-term investment goals.

My goal is to provide you with the most personalized service that is designed to help you buy your dream condo.

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Step 6: Make an Offer

Once you find a condo that meets your criteria, your agent will help you prepare a competitive offer. This includes determining the right price, setting contingencies, and negotiating terms. A well-structured offer can improve your chances of acceptance, especially in competitive markets.

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Step 7: Have the Home Inspected

A professional home inspection helps identify issues within the condo unit, such as plumbing, electrical systems, or appliances. While the HOA typically handles common areas, an inspection ensures you understand the condition of what you are personally responsible for before finalizing the purchase.

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Step 8: Select Your Loan

Work with your lender to choose the loan that best fits your financial situation. Condo purchases may have specific lending requirements, so confirming eligibility early is important. Selecting the right loan can impact your interest rate, down payment, and monthly payment.

Longboat Key Condos for Sale

Step 9: Get a Home Appraisal

The appraisal confirms that the condo’s value matches the agreed purchase price. If the appraisal comes in lower than expected, you may need to renegotiate, pay the difference, or rely on contract contingencies. This step protects both you and the lender from overpaying.

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Step 10: Finish Paperwork

In the final stage, you will review and sign all closing documents, finalize insurance, and pay closing costs. Once the paperwork is complete and the transaction is funded, you receive the keys to your new condo and officially become a homeowner.

Congratulations!

After signing the final paperwork to complete the purchase, you are now the owner of a new condo. It may take a few days for your loan to be funded once the paperwork has been returned to the lender, but once that check is delivered to the seller, you’ll be all set to move into the condo of your dreams.

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Sherri was just a godsend to me because I had not sold a home in 23 years, and she helped me with everything. She was very knowledgeable, professional, and kind. I would highly recommend Sherri.

— Sandy D.

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My husband and I recently worked with Sherri in finding a home in the DFW area and had an amazing experience from start to finish! We were relocating back to the area after 8 years away, so lots of things have changed since we last lived here. Sherri was able to use her expertise to help us narrow down our search to the perfect city and neighborhood for us. She is incredibly informative as well, and ma...

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Every now and then you come across someone who reminds you that character still counts. That hard work, honesty, and heart can still win the day. That’s exactly what I found in Sherri Murphy. From the first handshake to the final signature, she led with integrity — the kind you can count on, even when no one’s looking. She didn’t just list a property; she took care of it like it was her own. Every detai...

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