Residential Land for Sale in Dallas, Texas
5940 Margewood Dr, Dallas, TX 75267
Prime Acre Lot Near Downtown Dallas - Build Your Dream Home!
Seize the rare opportunity to own an expansive 1.21 ACRE LOT just minutes from the heart of Downtown Dallas. Nestled in a sought-after, rapidly developing area, this blank canvas offers endless possibilities for creating your custom dream home, luxury estate, or investment property.
This spacious lot features level terrain, mature trees, and easy utility access, providing the perfect foundation for new construction. With convenient access to major highways, top-rated schools, vibrant shopping, dining, and entertainment, this location delivers both tranquility and urban convenience.
Whether you're a developer, investor, or future homeowner, this exceptional parcel combines location, size, and potential--making it a standout opportunity in one of Dallas's most desirable neighborhoods.
Bring your architect and builder--this is where your vision begins.
Location
- Street address
- 5940 Margewood Dr
- County
- Dallas County
- Community
- Mountain Lake Heights Addition
- Elevation
- 669 feet
Directions
From Dallas, Take I-30 W, Exit 38, TX-12 Loop S and TX-408 Spur S to TX-303 Spur EW Kiest Blvd. Take the TX-303 Spur Kiest Blvd exit from TX-408 Spur S. Follow TX-303 Spur EW Kiest Blvd and S Ledbetter Dr to Margewood Drive.
Property details
- Acreage
- 1.21 acres
- MLS #
- NTREIS 20969637
- Posted
Parcels
- 00000785369120000
Legal description
Lot 7, Block 2/8028, Mountain Lake Heights Additio
Resources
Details and features
Listing
- Type
- Land
- Subtype
- Unimproved Land
- Franchise
- Keller Williams Realty
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Bilhartz | Elementary | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 22, 2025 | Price drop | $425,000 | $25,000 -5.6% | NTREIS |
| Aug 2, 2025 | Price drop | $450,000 | $50,000 -10% | NTREIS |
| June 18, 2025 | New listing | $500,000 | — | NTREIS |
