Lake Dallas Real Estate
The renewed interest in the area stems from the new bridge linking Lake Dallas’ Swisher Road and Little Elm’s Garza Lane allowing motorists to get from I-35E to the Dallas North Tollway and vice versa. The ability to span the waters of Lake Lewisville is bringing renewed attention in Lake Dallas from developers, business owners and residents alike. Much of the land leading up to the Lake Dallas side of the bridge has prime development potential for retail and commercial venture and will be just minutes from I-35E.
Plans for the revitalized downtown include Market Street Square with a new urban zoning classification calling for live/work commercial/residential spaces —a concept already proven successful in Lake Dallas’ 1908 Woodman of the World building which houses the community newspaper on the first floor and residential lofts above. Lake Dallas’ traditional home neighborhoods have enjoyed rejuvenation and value increases, and new home developments have also been established. Residents are served the Lake Dallas Independent School District which recently celebrated the naming of Lake Dallas High School among the 2014 “Best High Schools” in the U.S. list published by U.S. News & World Report.
Lake Dallas Listings Summary
Lake Dallas - Town vs. County Stats
Avg Price in Lake Dallas: $362,400 / County Avg $555,200
Avg Taxes in Lake Dallas: $5,300 / County Avg $7,600
Avg Sq. Ft. in Lake Dallas: 1,822 / County Avg 2,847
Avg Price per/ft2 in Lake Dallas: $199 / County Avg $195
Avg Walkscore in Lake Dallas: 41 / County Avg 22
Avg Year Built in Lake Dallas: 1990 / County Avg 2004
Avg Days on Website in Lake Dallas: 52 / County Avg 77