514 W Lake Dr, Hamlin, TX, 79520
About This Home
Motivated Sellers! Seller is offering $15,000 in flexible buyer concessions. Located on prestigious West Lake Drive. Hamlin’s iconic Main Street and the true heart of the community. Step inside to an impressive large dining room ready for memorable meals and celebrations and a spacious living area that is perfect for a large or growing family. The living also offers a stunning rock, wood burning, fireplace that can serve as a true centerpiece for gatherings or simply a place to unwind in the evenings. This delightful home is filled with massive windows throughout, flooding every room with abundant natural light and offering beautiful views. The expansive back windows perfectly frame the covered porch and spacious backyard. A blank canvas full of potential waiting for your personal touch and some TLC. This inviting 5 bedroom 2 bathroom home offers 3,128 sq feet of versatile spaces. Including a large converted garage that can function as a bedroom, man cave, den, or playroom. Enjoy the flexibility of a primary bedroom and bath directly connected to a large bonus room that can easily serve as a home office, extra bedroom, or private retreat. Additional highlights include an easily accessible driveway, an attached carport, and a separate private detached garage, giving you excellent parking and storage options. If you are looking for a spacious home with versatility in Hamlin TX, this is the one.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1970
Materials
- Roof: Shingle
Type & Style
- Home type: SingleFamily
- Architectural style: Detached
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Gas Cooktop,Gas Oven,Gas Water Heater,Refrigerator
- Laundry features: Washer Hookup,Electric Dryer Hookup,Laundry in Utility Room
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Level: First
- Dimensions: 1 x 1
Features
- Built-in Features
- Flooring: Brick,Carpet,Vinyl,Wood
- Number of fireplaces: 1
- Fireplace features: Masonry,Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Fireplace(s)
- Cooling features: Central Air,Ceiling Fan(s),Wall Unit(s)
Interior Area
- Total interior livable area: 3,238 sqft
Living Room
- Features: Built-in Features,Ceiling Fan(s),Fireplace
- Level: First
- Dimensions: 1 x 1
Master Bedroom
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 1 x 1
Property
Details
- Parcel number: R26586
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Covered,Patio,Side Porch
- Fencing: Back Yard,Fenced,Gate
Lot
- Lot size: 0.44 Acres
Parking
- Total spaces: 4
- Parking features: Attached Carport,Additional Parking,Drive Through,Driveway,Garage
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 4
- Carport: Yes
- Carport spaces: 1
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
- Drought
- Hail
- Inland Flooding
- Strong Wind
- Heat Wave
- Tornado
- Winter Weather
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 | $1,163 | $13,956 |
| Home Insurance * | $255 | $3,060 |
| Property Taxes | $230 | $2,760 |
| Electricity | $355 | $4,266 |
| Total | $2,003 | $24,036 |
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 |
|---|---|---|
| 2026-07-27 | Price change | $230,000 |
| 2026-07-01 | Price change | $249,900 |
| 2026-06-17 | Price change | $265,000 |
| 2026-05-16 | Listed for sale | $279,000 |
| 2020-04-01 | Listing removed | $118,500 |
| 2020-03-15 | Pending sale | $118,500 |
| 2019-06-25 | Listed for sale | $118,500 |
| 2016-01-26 | Listing removed | $29,900 |
| 2016-01-13 | Pending sale | $29,900 |
| 2015-12-01 | Price change | $29,900 |
| 2015-11-24 | Pending sale | $35,000 |
| 2015-11-24 | Price change | $35,000 |
| 2015-11-11 | Price change | $29,900 |
| 2015-09-14 | Pending sale | $35,000 |
| 2015-08-24 | Listed for sale | $35,000 |
| 2015-06-01 | Listing removed | $35,000 |
| 2015-05-27 | Price change | $35,000 |
| 2015-05-12 | Price change | $47,200 |
| 2015-04-01 | Price change | $41,040 |
| 2015-03-03 | Price change | $47,200 |
| 2015-01-30 | Price change | $49,650 |
| 2015-01-09 | Price change | $66,500 |
| 2014-11-06 | Listed for sale | -- |
| 2014-08-02 | Listing removed | -- |
| 2014-07-23 | Listed for sale | $15,000 |
For Sale by Agent
View on Zillow