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Laurelwood Park is a small neighborhood of roughly 25 estate homes in central Southlake, Texas, 76092, Tarrant County, near Southlake Boulevard and State Highway 114. Homes were built largely between 1998 and 2002 and run from about 4,870 to more than 9,400 square feet, nearly all on full one-acre lots, with one property on just over three acres. Streets include Laurel Lane, Larkspur Court and Leeds Drive. The neighborhood is served by Carroll ISD, and its association charges roughly $840 to $1,000 a year, which is modest for the size of the homes. Nitin Gupta, CRS, GRI, CLHMS, ALHS, Broker Associate with Competitive Edge Realty, represents buyers and sellers here and across Southlake. Call 469-269-6541 or contact Nitin to start with a conversation.

Acre lots in central Southlake, without a large amenity assessment

The combination here is unusual. Appraisal records show lot after lot at exactly 43,560 square feet, a full acre, in a central location minutes from Southlake Town Square, while the association assessment runs about $840 to $1,000 a year covering management and grounds maintenance. Compare that with Southlake neighborhoods charging $1,200 to $2,900 for clubhouses, pools, tennis courts and trail systems.

The trade is straightforward: you are buying land and a large house rather than shared amenities, and you maintain your own acre. For buyers who want space and privacy over a community pool, that is the right trade; for buyers who want their children walking to a neighborhood pool, it is not. Request the current assessment, what it covers, the architectural guidelines and the reserve position before making an offer. Read about the Texas HOA resale certificate and what it discloses.

What homes cost

Recorded closings have run from about $1,299,900 to $2,495,000 with a median sale price near $1,897,450, and current activity sits higher. A 6,033-square-foot home on Laurel Lane listed at $2,495,000, about $414 per square foot. A 7,167-square-foot home on Laurel Lane sold at $2,475,000, about $345 per square foot. An 8,016-square-foot home on Larkspur Court has been offered at $2,899,999, roughly $362 per square foot, with an estimated value above $3.6 million. At the top, a gated 9,404-square-foot estate on a 3.02-acre lot on Leeds Drive has been offered at $5,398,000.

With about 25 homes and a size range spanning more than 4,500 square feet, a neighborhood average is not a useful number. Price a specific home from the closest matches on size, lot and condition, and expect the comparable set to be small. For a current read, use the home value analysis or contact Nitin.

Taxes belong in the budget from the start

A recorded annual tax figure for one home here is about $26,483. At this price level taxes run in the region of $2,200 a month before principal, interest, insurance and the HOA. Because taxes are calculated from the appraised value rather than the seller's basis, a purchase can trigger a reassessment and a bill higher than the seller was paying. Confirm the assessed value, exemptions and combined rate for the specific address with the Tarrant Appraisal District.

Schools: Carroll ISD

Listing records show Carroll ISD for homes here. Carroll runs a multi-campus progression, an elementary campus, then an intermediate campus, then a middle school, then a ninth and tenth grade high school, and finally Carroll Senior High for eleventh and twelfth grade, which surprises buyers relocating from districts with a conventional structure. Confirm the specific assigned campuses for the address with the district before you write an offer. Learn more about Carroll ISD schools and compare districts with the DFW school district ratings guide.

A note on the HOA figure you will see online

Listing records for the same homes show the association fee expressed as $83 monthly in one field and $83 annually in another, alongside annual figures of $840 and $1,000. The consistent reading is roughly $1,000 a year, which is about $83 a month. It is a small thing, but it is a good example of why HOA numbers on portals should be confirmed with the association rather than taken at face value, particularly when you are comparing neighborhoods on monthly cost.

What to check on a 1998 to 2002 estate

Homes of this age and size carry multiple HVAC systems, extensive roof area and long plumbing runs, so system age and service history carry real weight, and replacement costs at 5,000 to 9,400 square feet are substantial. Add foundation performance, windows, pool and spa equipment, and the age and quality of any renovation, which is where most of the price difference between similar homes comes from. On a full acre with many trees, check irrigation coverage, drainage and grading, tree health near the structure, and fencing. The seller's disclosure covers only what the seller knows, so the inspection period is where the real information comes from. Learn about the Texas option period.

Location

Laurelwood Park sits centrally in Southlake near Southlake Boulevard and SH 114, minutes from Southlake Town Square for shopping and dining, with the entrance to DFW International Airport a short drive and Grapevine, Colleyville, Westlake and Keller all close. Drive your own commute at the hours you would travel before committing.

Comparing Laurelwood Park with other Southlake neighborhoods

Among acre-lot options, Clariden Ranch offers about 115 homes with a park and fishing pond, and The Enclave offers about ten estates on a single cul-de-sac. Lakes of La Paloma is gated with waterfront lots. For buyers who want amenities instead of land, Kirkwood Hollow and Estes Park offer clubhouses, pools and trails on half-acre lots, while Coventry Manor and Cambridge Place sit between. What distinguishes Laurelwood Park is full acres in a central location with low dues. See the DFW communities directory.

Selling a home in Laurelwood Park

In a neighborhood of about 25 homes, yours will often be the only one available, so buyers will compare it against acre-lot estates across Southlake. Two points are worth stating plainly in the listing: the full acre, which portal photos rarely convey, and the low annual assessment, which is a real monthly difference against amenity neighborhoods. Pricing should come from the closest size and lot matches rather than a neighborhood average, and buyers will ask about taxes, so have the figure ready. See the seller marketing plan and seller services.

Laurelwood Park FAQs

How many homes are in Laurelwood Park, and how big are the lots?

About 25 estate homes, nearly all on full one-acre lots recorded at 43,560 square feet, with at least one property on just over three acres.

When were the homes built, and how big are they?

Largely between 1998 and 2002, ranging from about 4,870 to more than 9,400 square feet, with five to seven bedrooms in most recorded examples.

What are the HOA dues at Laurelwood Park?

Roughly $840 to $1,000 a year through Laurelwood Park HOA, covering association management and grounds maintenance. Portal listings sometimes show that as $83 monthly and sometimes as $83 annually; the consistent reading is about $1,000 a year.

What do homes cost in Laurelwood Park?

Recorded closings ran from about $1,299,900 to $2,495,000 with a median near $1,897,450. Current activity includes a 6,033-square-foot home at $2,495,000, an 8,016-square-foot home at $2,899,999, and a gated 9,404-square-foot estate on three acres at $5,398,000.

What school district serves Laurelwood Park?

Carroll ISD, with Carroll's elementary, intermediate, middle, ninth and tenth grade and senior high progression. Confirm the assigned campuses for the exact address with the district.

What are property taxes like here?

A recorded annual figure for one home is about $26,483. Because taxes follow the appraised value rather than the seller's basis, a purchase can trigger a reassessment above what the seller was paying.

Work With Nitin Gupta in Southlake

Nitin Gupta is a Broker Associate with Competitive Edge Realty with 480+ closed DFW transactions, 13 professional designations including CRS, GRI, CLHMS and ALHS, and D Magazine Best REALTOR® recognition in 2020, 2023 and 2024. He serves clients in English, Hindi, Punjabi, Urdu and Gujarati. Read client reviews, watch home tours on his YouTube channel, or call 469-269-6541.

If Laurelwood Park is on your list, tell Nitin your target move date, the square footage you need, whether an acre lot matters more than community amenities, and your price range, and he will tell you what is realistic here and which acre-lot Southlake neighborhoods belong on the same tour.

Updated September 2026.