5240 Lake Grove Dr, Grand Prairie, TX, 75052
About This Home
Welcome to this beautifully maintained 4-bedroom, 2.5-bath home offering 2,835 square feet of comfortable living space in the desirable Lakewood community of Grand Prairie. Designed with both functionality and entertaining in mind, this spacious two-story home features two living areas, two dining areas, an upstairs game room, and a versatile floor plan that accommodates a variety of lifestyles. The private first-floor primary suite offers a relaxing retreat, while three additional bedrooms upstairs provide ample space for family, guests, or a home office. The open-concept kitchen is the heart of the home, featuring an island, abundant cabinetry, generous counter space, and a seamless flow into the main living area with a cozy fireplace and plenty of natural light. Whether hosting gatherings or enjoying a quiet evening at home, this layout is designed for everyday comfort. Step outside to enjoy the spacious backyard patio, perfect for outdoor dining, weekend barbecues, or relaxing with family and friends. The backyard offers plenty of room for recreation and outdoor enjoyment. Don’t miss this opportunity to own a spacious, well-maintained home with valuable updates, energy-efficient features, and an excellent location close to everyday conveniences and entertainment. Significant updates include new AC units installed and a gas water heater replaced in 2023, providing added value and peace of mind. The home is also equipped with roof-mounted solar panels under a transferable Power Purchase Agreement (PPA), allowing the buyer to assume the agreement and potentially benefit from reduced energy costs. Buyer and buyer’s agent to verify all information, including room dimensions, schools, and details regarding the solar panel agreement and transfer requirements.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2005
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional,Detached
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Cooktop,Disposal,Microwave
- Laundry features: Washer Hookup,Dryer Hookup
Bedroom
- Level: Second
- Dimensions: 0 x 0
Bedroom
- Level: Second
- Dimensions: 0 x 0
Bedroom
- Level: Second
- Dimensions: 0 x 0
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Breakfast Room Nook
- Level: First
- Dimensions: 0 x 0
Cooling
- Cooling features: Central Air,Ceiling Fan(s)
Features
- Decorative/Designer Lighting Fixtures,Granite Counters,High Speed Internet,Cable TV,Vaulted Ceiling(s)
- Window features: Window Coverings
- Flooring: Vinyl
- Number of fireplaces: 1
- Fireplace features: Electric
- Fireplace: Yes
Interior Area
- Total interior livable area: 2,835 sqft
Kitchen
- Features: Kitchen Island,Pantry,Stone Counters
- Level: First
- Dimensions: 0 x 0
Living Room
- Level: First
- Dimensions: 0 x 0
Master Bedroom
- Level: First
- Dimensions: 0 x 0
Property
Details
- Parcel number: 281245600D0140000
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Patio & porch: Patio,Covered
- Exterior features: Lighting,Playground,Rain Gutters,Storage
- Fencing: Wood
Lot
- Lot size: 7,666 sqft
Parking
- Total spaces: 2
- Parking features: Concrete
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Hail
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,123 | $25,476 |
| Home Insurance * | $364 | $4,368 |
| Property Taxes | $569 | $6,828 |
| Electricity | $311 | $3,735 |
| Total | $3,367 | $40,404 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-05 | Price change | $414,999 |
| 2026-07-27 | Price change | $420,000 |
| 2026-06-10 | Listed for sale | $425,000 |
| 2021-08-30 | Sold | -- |
| 2021-08-08 | Pending sale | $390,000 |
| 2021-08-04 | Listed for sale | $390,000 |
| 2021-06-04 | Sold | -- |
For Sale by Agent
View on Zillow