Stone Lakes, Southlake TX: 330 Homes Around a 10-Acre Lake, Next to Carroll Elementary
 

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Stone Lakes is a master-planned neighborhood of about 330 homes on the south side of Southlake Boulevard just east of Carroll Senior High School in Southlake, Texas, 76092, Tarrant County. A 10-acre lake sits at the center of the subdivision, with a walking trail around it. Most homes were built by David Weekley Homes and Drees Homes between 1992 and 1997, typically with three-car garages, on lots that generally run from about a third of an acre to three-quarters. Recorded homes range from roughly 2,800 to 4,600 square feet, and recent activity has run from about $925,000 to $1.5 million. The association charges roughly $1,300 a year, and Carroll Elementary sits adjacent to the neighborhood. 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.

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Two builders, which makes this neighborhood easier to price than most

The majority of Stone Lakes was built by David Weekley and Drees between 1992 and 1997. That matters for valuation: where many Southlake neighborhoods mix custom builders, or split between a custom section and a production section, Stone Lakes is relatively consistent. Comparable sales inside the neighborhood genuinely compare, and price differences come down to size, lot, lake or trail position and the age and quality of updates rather than to who built the house.

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For a seller, that means condition carries nearly all the pricing weight, because a buyer can see directly what a neighbor's similar home offers at what price. For a buyer, it means the comparable set is more reliable here than in a custom neighborhood of the same size.

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The lake, the trail and the school next door

The 10-acre lake is the neighborhood's defining feature and the reason it is instantly recognizable from Southlake Boulevard, with a walking trail that residents use daily. Lot position relative to the lake and the trail is a genuine price variable, and it is worth walking before you choose a home.

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Carroll Elementary sits immediately southwest of the neighborhood on Continental Boulevard, and Carroll Senior High is just west. That combination, an elementary campus next door and the senior high within sight, is unusual even in Southlake and matters through a long stretch of a family's school years.

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Schools: Carroll ISD

MLS records for homes here show Carroll ISD, with Carroll Elementary and Dawson Junior High named on listings and Carroll as the high school. 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, and the district operates more than one chain of elementary, intermediate and middle campuses. Confirm the full assigned sequence for the exact 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.

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What homes cost

Recent activity gives a clear picture. A 4,568-square-foot home on a 0.65-acre lot sold in May 2026 after listing at $1,495,000, about $327 per square foot. A 2,787-square-foot home sold in January 2025 after listing at $925,000, about $332 per square foot. Current listings have included a 4,028-square-foot home on Dowling Court at $1,499,999 and a home on Brighton Court at $1,300,000, with a median list price near $1,222,500 and average price per square foot around $348.

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The notable thing in that data is how consistent price per square foot is across very different home sizes, roughly $327 to $348, which is what you would expect in a neighborhood built by two builders in a five-year window. Price a specific home from recent sales inside Stone Lakes adjusted for lot and condition. For a current read, use the home value analysis or contact Nitin.

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The HOA

Listing records show a mandatory association at about $1,300 a year, roughly $108 a month, administered by an outside management company, with the fee described as covering management. That is moderate for Southlake, and lower than neighborhoods carrying clubhouses and pools.

Before making an offer, confirm the current assessment, what it covers, who maintains the lake and the trail and how that is funded, the architectural guidelines, recent budgets and the reserve position. A 10-acre water feature is a long-term maintenance obligation, and how an association funds that is worth understanding before you buy into it. Read about the Texas HOA resale certificate and what it discloses.

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What to check on a 1992 to 1997 home

These homes are now roughly thirty years old, which puts major systems at or past one replacement cycle. Roof, HVAC, water heaters, windows, foundation performance and pool equipment deserve close attention, along with the age and quality of any renovation, which is where most of the price difference between similar homes comes from. Several homes here have been remodeled in recent years, and the quality varies, so ask what was done, when and whether permits were pulled. On lots approaching three-quarters of an acre with mature trees, add irrigation coverage, drainage and grading and tree health near the structure, and on lake or trail-adjacent lots review drainage, grading and current floodplain mapping. 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.

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A neighborhood where homes also lease

Stone Lakes appears regularly in the Southlake rental market, with recent listings at $5,800 and $7,000 a month for homes of roughly 3,400 and 4,000 square feet. For an owner considering holding rather than selling, or for a relocating family that wants to rent inside Carroll ISD before committing to a purchase, that is worth knowing. Learn about landlord leasing services or tenant representation.

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Location

Stone Lakes sits on the south side of Southlake Boulevard just east of Carroll Senior High, minutes from Southlake Town Square for shopping and dining, with SH 114 carrying most traffic and the entrance to DFW International Airport a short drive. Grapevine, Colleyville, Keller and Westlake are all close. Drive your own commute at the hours you would travel before committing.

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Comparing Stone Lakes with other Southlake neighborhoods

Among established 1990s neighborhoods, South Ridge Lakes is larger with a clubhouse, pool and tennis courts at higher dues, Timber Lake offers similar-era homes on third-acre lots, and Monticello offers lots up to three-quarters of an acre at higher prices. Southlake Woods is the other two-builder neighborhood, built slightly later by Toll Brothers. Buyers who want newer construction look at Estes Park or Winding Creek. Stone Lakes stands out for the lake, the school adjacency and consistent pricing. See the DFW communities directory.

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Selling a home in Stone Lakes

With about 330 homes of similar vintage from two builders, buyers compare directly and renovation quality decides outcomes. Pricing works from recent sales inside Stone Lakes adjusted for size, lot and updates, and because price per square foot holds relatively steady here, an unrealistic list price shows up quickly. Two things belong in the marketing: the lot's relationship to the lake and trail, and the proximity to Carroll Elementary, which buyers with young children value and will not infer from photos. See the seller marketing plan and seller services.

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Stone Lakes FAQs

How many homes are in Stone Lakes, and who built them?

About 330 homes, with the majority built by David Weekley Homes and Drees Homes between 1992 and 1997, most with three-car garages.

How big are the homes and lots?

Recorded homes run from roughly 2,800 to 4,600 square feet, on lots generally from about a third of an acre to three-quarters, with recorded examples at 0.36, 0.40 and 0.65 acre.

What do homes cost in Stone Lakes?

Recent activity includes a 4,568-square-foot home that sold after listing at $1,495,000 and a 2,787-square-foot home that sold after listing at $925,000, with current listings at $1,300,000 and $1,499,999, a median list near $1,222,500 and average price per square foot around $348.

What are the HOA dues?

About $1,300 a year, roughly $108 a month, through an outside management company, with the fee described as covering management. Confirm what it covers, particularly maintenance of the 10-acre lake and the trail.

What schools serve Stone Lakes?

Carroll ISD, with Carroll Elementary adjacent to the neighborhood on Continental Boulevard and Dawson Junior High named on listings. Confirm the full campus sequence for the exact address with the district.

Does Stone Lakes have a lake?

Yes. A 10-acre lake is the centerpiece of the subdivision, with a walking trail around it. Lot position relative to the lake and trail affects price, so it is worth walking the neighborhood before choosing a home.

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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.

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If Stone Lakes is on your list, tell Nitin your target move date, the square footage and lot you need, whether a lake or trail lot 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.