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Waterfront Properties for Sale in Southlake, TX

Southlake Housing Market Trends

What is the housing market like in Southlake today? In August 2024, Southlake home prices were up 4.6% compared to last year, selling for a median price of $1.3M. On average, homes in Southlake sell after 47 days on the market compared to 35 days last year. There were 36 homes sold in August this year, down from 51 last year.

$1,255,000

Median Sale Price

36

# of Homes Sold

47

Median Days on Market

Southlake Waterfront Lifestyle Guide

Your Comprehensive

Southlake Waterfront Lifestyle Guide

By Sherri Murphy

Southlake, TX is a high end suburb inside the Dallas-Fort Worth metroplex known for its beautiful homes, great schools and active community. This city offers the best of both worlds, the peace of suburban living and the convenience of urban amenities. The real estate in Southlake has a wide range of properties from single family homes to estates to townhomes. Home buyers are drawn to Southlake for its top rated schools, plenty of recreational activities and strong sense of community so it’s a great place to live and invest.

Living in Southlake means a lifestyle that combines the quiet of suburban living with the benefits of being close to two major cities. The community is known for its well kept neighborhoods, beautiful parks and plenty of recreational activities. Residents love the area’s cultural scene, great dining and easy access to both Dallas and Fort Worth. Whether you’re shopping and dining local, attending community events or enjoying the peace of your beautiful home, Southlake is the best of everything. With its natural beauty and modern amenities Southlake is a hot spot for home buyers looking for a balanced and fulfilling lifestyle.

Southlake Area Overview

FAQs for Buying a Waterfront Home in Southlake, TX

Southlake, TX, offers luxury living with beautiful waterfront properties, excellent schools, and proximity to Dallas-Fort Worth. Waterfront homes in Southlake provide stunning views, recreational opportunities, and a strong community atmosphere, making them perfect for families, professionals, and retirees.

Southlake offers a variety of waterfront homes, including single-family estates, custom-built homes, and luxury properties. These homes come in a range of architectural styles, from contemporary to traditional, to suit your personal taste.

Waterfront homes in Southlake typically start around $1 million and can exceed $5 million, depending on the size, location, and features of the property. The high demand for waterfront properties contributes to a robust real estate market.

Waterfront homes in Southlake often include open floor plans, large windows with water views, gourmet kitchens, and outdoor living spaces like patios and decks. Many of these homes also have private pools, boat docks, and luxury amenities such as smart home systems and home theaters.

 

You can find waterfront homes for sale in Southlake by browsing online listings, attending open houses, or working with a local expert. For personalized assistance and access to exclusive listings, contact Sherri Murphy, a trusted real estate agent specializing in Southlake waterfront properties.

When buying a waterfront home in Southlake, consider the property’s location, water access, proximity to top-rated schools, and the condition of the home. Also, look into local regulations regarding waterfront properties, homeowners association (HOA) fees, and potential for appreciation in property value.

Yes, Southlake has new construction waterfront homes that offer the latest in modern design, energy-efficient features, and customizable options. These homes are often located in master-planned communities and offer luxurious waterfront living with additional amenities.

Popular neighborhoods in Southlake for waterfront homes include The Cliffs at Clariden Ranch, offering luxury estates with private water views; Timarron, known for golf course and water features; and The Lakes of La Paloma, a serene community with lakefront homes and upscale amenities.

Residents of Southlake waterfront homes enjoy access to nearby parks, nature trails, and recreational facilities. The area also offers upscale shopping and dining at Southlake Town Square, top-rated schools, and easy access to highways and DFW International Airport.

Living in Southlake significantly increases the value of waterfront homes due to the high demand for luxury properties and the city’s excellent reputation. Waterfront homes offer strong appreciation potential, making them a smart investment in Southlake’s thriving real estate market.

A Step-by-Step First Time Waterfront Home Buyer's Guide

Buying a waterfront home is one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step first time buyer’s guide created by your agent will help reduce the stress of buying a home and help you enjoy the journey as much as possible.

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Step 1: Research for Waterfront Homes

Do you already know where you want to buy? If you want a condo, townhome, or single-family home? Which features do you like and dislike? What’s available on the market now? If you answered no to any of these questions, now is the time to start researching. In addition to looking for homes that interest you, also take note of any changes in asking prices. This could give you valuable insight into housing trends in specific neighborhoods and help you when the time comes to make an offer.

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Step 2: Decide on Your Budget

Notice I said to decide on your budget—not determine how much the mortgage company will give you. In many cases, a mortgage company will pre-approve you for more than you’re comfortable spending, which is why you need to determine the monthly payment you feel comfortable with before talking to a lender. This likely includes doing a full household budget and taking into consideration what changes other than a mortgage payment will occur once you move into your new home. If you’ve lived in an apartment or with roommates, you may overlook new expenses like garbage, water, or HOA fees that could easily blow your budget.

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Step 3: Get Prequalified

Just because you think you can afford a certain payment every month doesn’t mean the mortgage company will agree. Just as they may approve you for too large of an amount, they may also approve you for a lesser amount or deny you a mortgage altogether. Lack of time at a job, insufficient credit, past bankruptcies, or other financial issues can cause major problems when trying to secure a mortgage. Before you get your heart set on a home, talk to a mortgage professional to find out what amount you can qualify for. This will also be an advantage when you make an offer on a home, as some sellers won’t entertain offers from those who aren’t already prequalified for a loan.

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Step 4: Choose a Real Estate Agent

Can you shop for, look at, and ultimately make an offer on a home without a real estate agent? Technically yes, but why would you when it costs you nothing for an agent like me to take much of the stress off your shoulders? Not only will I help identify properties you might be interested in, arrange showings, and ultimately handle the offer process, but I also have a knowledge of the market that you don’t possess. Finding the perfect home can be a daunting task, this is where my expertise and wealth of knowledge come into play. Let me show you around some homes that meet your dream home criteria so you can find the one that's right for you.

My goal is to provide you with the most personalized service that is designed to help you buy your dream waterfront home on Southlake.

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Step 5: Find the Right Home

This should be the most enjoyable step of the entire process (other than moving in!). I will arrange showings of homes you’re interested in that are within your price range. Take notes about what you like and don’t like, and make sure to pay attention to details. Turn light switches on and off, open and close doors, and run the faucets in various rooms. Don’t limit your inspection to the home itself. Make sure to take time to explore the neighborhood and keep an eye on traffic at certain times of the day, the parking situation, and how close it is to necessities like schools and grocery stores.

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Step 6: Make an Offer

Once you have selected the perfect home, work with your agent to craft a fair offer based on the value of comparable homes on the market. Depending on what the home is listed at and whether the current environment is a buyer’s or seller’s market, your offer may be below, at, or even above the asking price. I will be able to help you negotiate if you receive a counteroffer and reach an agreement. At this point, the house will go into escrow.

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Step 7: Have the Home Inspected

In most cases, your offer will be contingent on having the home inspected to ensure there is no major structural damage or large repairs needed. I can help you arrange this, and you can schedule it within days of making an offer. If there are no major issues, the process goes to step eight. If there is, you can renegotiate your offer based on what needs to be fixed, or you can withdraw it.

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Step 8: Select Your Loan

Now is the time to go back to the mortgage lender who pre-approved or pre-qualified you and choose your mortgage. You will be presented with various options based on your unique financial situation, including fixed-rate, variable-rate, 15-year, 30-year, or special programs such as VA loans or FHA loans. Work with your mortgage lender to select the option you feel the most comfortable with.

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Step 9: Get a Home Appraisal

Your lender will have your new home appraised so they have their independent value of it. The appraisal is to ensure that all parties involved are paying a fair price for the house.

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Step 10: Finish Paperwork

No one looks forward to all the paperwork involved in buying a home, but it’s a necessary part of the process. Fortunately, everything will be arranged by your lender and title company and, when you’re finished, you’ll know you are the legal owner of your new home.

Congratulations!

After signing the final paperwork to complete the purchase, you are now the owner of a new house. 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 home of your dreams.

Southlake Real Estate Guides & Updates

A Guide to Southlake, TX Parks

Sherri Murphy  |  September 12, 2024

Sprawling Southlake contains parks ideal for exercise and relaxation.

Best ROI Home Improvements for Your Home

Sherri Murphy  |  September 12, 2024

Maximizing Value: Smart Upgrades that Pay Off.

Living in Southlake, TX

Sherri Murphy  |  August 30, 2024

Discover the Perfect Blend of Small-Town Charm and Modern Amenities in this Thriving Community.

Things to Do in Southlake, TX

Sherri Murphy  |  August 30, 2024

Explore the Best Attractions and Activities in this VIbrant Texas City.

The Top Attractions in Southlake, TX, For Locals or Tourists

Sherri Murphy  |  August 28, 2024

Explore the Best Experiences in Southlake: A Local’s Guide to the City’s Premier Destinations.

5 Best Places to Shop in Southlake, TX

Sherri Murphy  |  August 28, 2024

Discover Top Retail Destinations in Southlake’s Vibrant Shopping Landscape.

Architectural Landmarks in Southlake, TX

Sherri Murphy  |  August 28, 2024

Southlake’s most memorable buildings complement its natural beauty.

Everything You Need to Know About Moving to Southlake, TX

Sherri Murphy  |  August 8, 2024

Discover the Charm, Community, and Lifestyle of Southlake.

6 Best Restaurants in Southlake, TX

Sherri Murphy  |  August 1, 2024

Explore culinary delights in this vibrant town.

Buying a Home in Southlake, TX

Sherri Murphy  |  July 25, 2024

A Comprehensive Guide to Your Dream Property.

Ultimate Guide to Selling Your House

Sherri Murphy  |  July 19, 2024

Mastering the Art of Selling a House in Southlake, TX.

A cozy living room with a light-colored couch, pillow, blanket, coffee table, side table, hardwood flooring, and white walls.
Selling Tips

Sherri Murphy  |  February 5, 2024

Helping find a buyer for your home is only one facet of a real estate professional’s job.

Buying Tips

Sherri Murphy  |  February 5, 2024

Whether it’s your first home or if you’re an experienced buyer, purchasing a home is a complex process.

Leah W.
Buyer
Kristen B.
WHAT MY CLIENTS SAY

We can’t say enough good things about Sherri. From helping us with our first rental home to our first home purchase, she has been the best. She is punctual, responsive, helpful, and on top of everything! She feels like our friend at this point. Thanks, Sherri, for everything!

— Leah W.

WHAT MY CLIENTS SAY

Sherri was so responsive and sensitive to our needs. Met and exceeded all our expectations in this very frustrating and sometimes, confusing, process. Thank you, Sherri!

— Buyer

WHAT MY CLIENTS SAY

Sherri is quite literally the best realtor we have ever had the honor to work with. She is more than a realtor, she is a friend! She truly cares about you from day 1 and continues to be a guide to this day! We consider Sherri part of our family forever. She works around the clock and that is no joke. Her thoughtfulness and personal attention are second to none! We love Sherri! We bought and sold with She...

— Kristen B.

Work With Sherri

Her expertise in the field of real estate ensures that you receive informed and objective guidance. Contact Sherri to learn more about how she can assist you in meeting your real estate needs.