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5012 Wateka Dr

Dallas, TX 75209
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For Sale
Under Contract – P
3 Bedroom(s)
2 Full Bath(s)
1,892 Sqft
0.19 Lot Acres
Residential - Single Family

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Description

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 while you can! Empty lots selling for 600k in this neighborhood and this is a fully functional home!

MLS#
NTREIS-21372203
List Price
$640,000 ($338/Sqft.)
Listing Status
Under Contract – P
Address
5012 Wateka Dr
City
Dallas
State
TX
Zip Code
75209
County
Dallas County
Subdivision
Greenway Village Rev
Legal Description
GREENWAY VILLAGE BLK 2/4911 LT 8 VOL97054/125
Property Type
Residential - Single Family
Bedroom
3 Bedroom(s)
Bath
2 Full Bath(s)
Stories
1
Building Size
1,892 Sqft/Appraisal District
Year Built
1946 /Appraisal District
Lot Size
0.19 Lot Acres/Appraisal District

Rooms

Living
1 x 1, 1st
Living
1 x 1, 1st
Dining
1 x 1, 1st
Primary Bedroom
1 x 1, 1st
Bedroom
1 x 1, 1st
Bedroom
1 x 1, 1st
Bath
1 x 1, 1st

Interior

Number Of Living Area
2
Fireplace
1/Wood Burning
Appliances
Dishwasher, Washer
Interior
Built-in Features, Walk-In Closet(s)

Extra details you may need to know

Dwelling Type
Single Detached

Exterior

Private Pool
No
Parking
Asphalt, Concrete
Utility
City Sewer,City Water

Lot Information

Lot Size
0.19 Lot Acres /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Information source

North Texas Real Estate Information Systems, Inc.
Source last updated Sep 12, 2026 at 08:47 AM
Listing last updated Sep 11, 2026 at 03:59 PM
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Estimated Monthly Payments

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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Assigned schools

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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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