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Arlington Build-Ready Lot Opportunity
For Sale
$244,900

5408 Waterview Drive, Arlington, TX 76016

LAND - Arlington, TX

Property SizeContact for details
Lot Size0.86 Acres
Days on Market43

Property Features for 5408 Waterview Drive

General Information

Property type Land
Property subtype Other
Zoning description RES
Subdivision Chapparal Valley
Lot features Acreage, City Lot
Elementary school Ditto
Middle school Young
High school Martin
Elementary school district Arlington ISD
Middle school district Arlington ISD
High school district Arlington ISD
Directions Please use GPS.
Standard status Active
APN 00526681
Lot size 0.86 Acres

Taxes and HOA fees

Tax Description CHAPPARAL VALLEY BLOCK 1 LOT 23
Tax Annual Amount 1835
Legal Description CHAPPARAL VALLEY BLOCK 1 LOT 23

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1971
Listing Agency: Compass RE Texas, LLC.
Listed By: Jennifer Lauren · License #0647146
Added: Jul 13 Changed: Aug 1 Last Checked: Aug 24 at 9:06PM
MLS# 21278654

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 0.86-acre homesite is located at 5408 Waterview Drive in Arlington. The property is situated in an established neighborhood and offers the opportunity to build a custom home. The lot is level and surrounded by mature trees, providing privacy and natural beauty. It is accessible and ready for development, with utilities and driveway access available. The location offers city convenience and is near major highways, shopping, dining, and schools. The property offers potential for building a custom home.

Key Highlights

  • Prime build‑ready lot (just under an acre) in Southwest Arlington.
  • Opportunity to build a custom dream home on a spacious, level lot.
  • Established neighborhood with mature trees offering privacy and natural beauty.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Restaurant Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

156
Businesses Nearby

Demographics for 76016, TX

31,091
Population
11,609
Households
2.7
Avg Household Size
44
Median Age
44%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,533
Density / Sq Mi
$108,701
Median Household Income
$55,446
Median Earnings
$1,854
Median Rent
$311,200
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Land - Unimproved 0.86-acre lot in established Arlington neighborhood.
Where is this land located?
The property is located at 5408 Waterview Drive Arlington, TX.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Prime build‑ready lot (just under an acre) in Southwest Arlington.; Opportunity to build a custom dream home on a spacious, level lot.; Established neighborhood with mature trees offering privacy and natural beauty.
More about this property
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