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Miracle Point is a small custom-home development on a cul-de-sac off South Kimball Avenue in Southlake, Texas, 76092, Tarrant County. Homes here were built from 2007 onward, with several completed in 2012 and 2013, and they run from about 4,000 to 6,750 square feet on lots from roughly 0.46 to 0.80 acre. The association charges about $1,200 a year, and the neighborhood is served by Carroll ISD. Because the development filled in over roughly a decade, the homes vary in age and style, and that variation shows up directly in price. Nitin Gupta, CRS, GRI, CLHMS, 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.

A neighborhood that filled in slowly, which matters for comparables

Most Southlake subdivisions were built out in a tight window. Miracle Point was not: homes here date from 2007, 2012 and 2013, and a vacant homesite of about 0.47 acre was still selling in 2020 in a recorded range of $285,001 to $325,000. That means a 2007 home and a 2013 home sit on the same cul-de-sac, with different systems, layouts and finish expectations.

For a buyer, ask the build year for the specific home rather than assuming the neighborhood's. For a seller, a comparable from a different build year needs an honest adjustment. Lot sizes vary as well, from about 0.46 acre to 0.80, which is a meaningful difference on a street this small.

What homes cost

Recent and recorded activity gives a usable picture. A 5,754-square-foot Mediterranean home on a 0.66-acre cul-de-sac lot has been offered at $2,650,000, about $460 per square foot, after earlier listings at lower figures. A 4,012-square-foot single-story on a 0.80-acre lot sold in January 2024 after listing at $2,150,000. A 6,749-square-foot home sold in 2021 after listing at $1,798,000 and now carries estimates near $2.44 million, and a 5,745-square-foot home sold in 2021 after listing at $1,450,000 with estimates now above $2.1 million.

Two things follow. The market here has moved substantially since 2021, so any figure from that period understates current value. And price per square foot varies widely, from roughly $360 to $460, depending on build year, condition and lot, which is why a single neighborhood average is not useful. For a current read on a specific home, use the home value analysis or contact Nitin.

Appraised values here can sit far below market estimates

One 4,565-square-foot home in the neighborhood carried an appraisal district market value of about $936,000 against automated estimates of roughly $1.44 to $1.55 million for the same property. That gap is worth understanding before you buy: taxes are calculated from the appraised value, not from what the seller paid, so a purchase can trigger a reassessment and a bill meaningfully higher than the one the seller was carrying. Confirm the current assessed value, exemptions and combined rate for the specific address with the Tarrant Appraisal District, and budget for what the taxes become rather than what they are today.

The HOA

Listing records show an association assessment of about $1,200 a year through the neighborhood's homeowners association. In a development this size, that funds entry and common area maintenance and management rather than a clubhouse or pool. 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.

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 catches relocating buyers off guard. 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.

Check the name before you compare anything

This subdivision appears in records as Miracle Point, while the association is recorded as Miracle Pointe, and some agent sites list it as Miracle Point Estates. All three refer to the same small development off South Kimball Avenue. If you are pulling a price, a school list or a sold comparable, confirm the address is on Miracle Point Drive rather than relying on the name alone.

What to check before you buy

Homes built in 2007 are now reaching first-replacement age on water heaters and HVAC components, with roofs following, while 2012 and 2013 homes are a few years behind that curve, so the answer differs by house. Foundation performance, windows, pool and spa equipment, and the age and quality of any renovation all belong on the inspection list. On half-acre to 0.8-acre lots, check irrigation coverage, drainage and grading, and tree health near the structure. 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

Miracle Point sits off South Kimball Avenue in Southlake, convenient to Southlake Town Square for shopping and dining and a short drive from the entrance to DFW International Airport, with SH 114 and Southlake Boulevard carrying most traffic. Grapevine, Colleyville, Keller and Westlake are all nearby. Drive your own commute at the hours you would travel before committing.

Comparing Miracle Point with other Southlake neighborhoods

At this size and price, Miracle Point competes with Estes Park and Kirkwood Hollow, which offer half-acre lots with clubhouses, pools and trails at higher dues, and with Kimball Hills, which is nearby with lower dues. Buyers who want acre-plus land look at Laurelwood Park, Loch Meadow Estates or Clariden Ranch, and gated options include Lakes of La Paloma and The Enclave. See the DFW communities directory.

Selling a home in Miracle Point

Two points matter here. Build year, because a 2013 home and a 2007 home on the same street are not the same product, and lot size, which ranges by nearly double across the development. Both should be stated plainly in the listing, and both should shape the comparable set. Buyers will also ask about the HOA and the tax picture, so have those documented before going live. See the seller marketing plan and seller services.

Miracle Point FAQs

Where is Miracle Point in Southlake?

On a cul-de-sac off South Kimball Avenue in Southlake, 76092, Tarrant County, with homes on Miracle Point Drive.

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

From 2007 onward, with several completed in 2012 and 2013, ranging from about 4,000 to 6,750 square feet on lots from roughly 0.46 to 0.80 acre.

What do homes cost in Miracle Point?

A 5,754-square-foot home has been offered at $2,650,000, about $460 per square foot, and a 4,012-square-foot home sold in January 2024 after listing at $2,150,000. Homes that sold in 2021 in the $1.45 to $1.8 million range now carry estimates above $2.1 million.

What are the HOA dues?

Listing records show about $1,200 a year, funding entry and common area maintenance and management rather than a clubhouse or pool. Confirm the current amount and inclusions.

What school district serves Miracle Point?

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.

Is it Miracle Point, Miracle Pointe or Miracle Point Estates?

All three names appear in records and on agent sites for the same development. The subdivision is recorded as Miracle Point and the association as Miracle Pointe. Confirm any comparable is on Miracle Point Drive rather than relying on the name.

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 and CLHMS, 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 Miracle Point is on your list, tell Nitin your target move date, the square footage and lot you need, whether a newer build year matters to you, and your price range, and he will tell you what is realistic here and which comparable Southlake neighborhoods belong on the same tour.

Updated September 2026.