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Tarrant, US
A rare opportunity to own a 1-acre property in Southlake, Texas within highly acclaimed Carroll ISD and with no HOA restrictions. This property offers exceptional flexibility for buyers looking to update, expand, or build a custom luxury home in one of the most desirable areas of the Dallas–Fort Worth metroplex. The existing single-story home is fully livable and features 3 bedrooms, 2 bathrooms, 2 living areas, 2 dining spaces, and a 3-car garage, offering a functional layout with strong potential enhanced by AI conceptual rendering for future possibilities. For buyers looking to add value, this home presents an ideal opportunity to personalize a property in Southlake while enjoying the benefit of living on a full acre, with AI conceptual rendering available to help visualize design options. The property also features an extended driveway with ample guest parking and a detached barn that also serves as a third-car garage, providing flexible space for a boat, recreational equipment, workshop, or additional vehicle storage. The flat, usable one-acre lot is complemented by mature trees and open grassy areas, offering plenty of space for outdoor living, entertaining, gardening, or future additions such as a pool, guest house, or expanded outdoor living area—conceptualized through AI renderings. For buyers seeking to build new, the property also presents a tear-down and rebuild opportunity. With utilities already in place, no HOA restrictions, and no timeline to build, buyers can bring their own builder and design a custom estate. Preliminary custom home plans from local builders are available; please reach out for details. Located just minutes from Lake Grapevine, with easy access to trails, parks, boating, Southlake Town Square, dining, shopping, major highways, and DFW Airport. Opportunities to own a 1-acre property in Southlake with this level of flexibility are increasingly rare. 1261 Emerald Circle offers exceptional potential in a prime location.
Courtesy Of: Berkshire HathawayHS PenFed TX
Feature Highlights
- Dining Room
- Family Room
- Fireplace
- Wood Floor
- Tile Floor
General Features
- Style:
- Traditional
- Foundation Type:
- Slab
- Garage:
- Additional Parking,Driveway,Garage,Oversized,Paved,RV Access/Parking,Storage,Workshop in Garage
Public Schools
- School District:
- Carroll ISD
- Elementary School:
- Johnson
- Middle School:
- Carroll
- High School:
- Carroll
Interior Features
- Baths Full:
- 2
- Beds Total:
- 3
- Room Count:
- 11
- Fireplace Features:
- Brick
- Fireplaces Total:
- 1
- Flooring:
- Carpet,Ceramic Tile,Wood
- Number Of Living Areas:
- 2
- Number Of Dining Areas:
- 2
- Heating:
- Central,Fireplace(s),Natural Gas
- Interior Features:
- Built-in Features,Cable TV Available,Decorative Lighting,Eat-in Kitchen,Flat Screen Wiring,Kitchen Island,Pantry,Walk-In Closet(s)
Exterior Features and Amenities
- Lot Size Units:
- Acres
- Subdivision Name:
- Emerald Estate Add
- Roof:
- Composition
- Parking Features:
- Additional Parking,Driveway,Garage,Oversized,Paved,RV Access/Parking,Storage,Workshop in Garage
- Architectural Style:
- Traditional
- Lot Size Source:
- Assessor
- Lot Size:
- 1 to < 3 Acres
- Lot Size Area:
- 1.0220
- Community Features:
- Greenbelt,RV Parking
Utility Information
- Utilities:
- All Weather Road,City Water,Septic
Financial
- Unexempt Taxes:
- $9,934.00
- Transaction Type:
- For Sale
- Tax Legal Description:
- EMERALD ESTATE ADDITION BLOCK 4 LOT 3
Other Features
- Will Subdivide:
- Subdivided
- Structural Style:
- Single Detached
- Special Notes:
- Aerial Photo,Deed Restrictions,Utility Easement
- Security Features:
- Fire Alarm,Smoke Detector(s)
- Construction Materials:
- Brick
- Easements:
- Electric,Utilities
- Restrictions:
- Deed,Easement(s)
- Possession:
- Closing/Funding,Negotiable
- Foundation Details:
- Slab
- Parcel Number:
- 05042488
- Open House Upcoming:
- Public: Sat Apr 4, 1:00PM-4:00PM
- Garage Length:
- 22
- Garage Width:
- 20
- Intermediate School Name:
- Durham
Directions
From State Hwy 114 travel N on N. Carroll Ave. Right on Taylor St and then right on to Emerald Circle. Home is on the right. From Hw 114 take the Kimball Exit and travel North, then take a left on E Dove Rd, then take a right on Lonesome Dove, then a left on Emerald Cir and home is on your left
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Data last updated: 2026-04-02.
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