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#20961206, Cherri Bryant, Listing office: Monument Realty
Property details
About 5940 Margewood Dr
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.
Highlights
Home typeUnimproved Land
StatusActive
Lot size1.21 Acres
MLS #20969637
Virtual tour
Summary
- List Price: $500,000
- Lot: Irregular Lot, Many Trees, City Lot
- 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.
- Lot Size: 1.21 Acres
- MLS Number: 20969637
- MLS Name: NTR
- Office Name: Keller Williams Realty DPR
- Listing Agent: Daniel Harker, Philip Bentham
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Last updated on: 7/24/2025, 2:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
4
La Academia de Estrellas
Public Charter PK-5
1.4 mi
•4680 W Kiest Blvd
3
Life School Mountain Creek
Public Charter KG-6
1.6 mi
•5525 W Illinois Ave
6
Leslie A. Stemmons Elementary School
Public District EE-5
1.7 mi
•2727 Knoxville St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,203. The majority of Dallas, TX residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
38%
<35k
59%
35k-100k
4%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
40%
Single, No Kids
25%
Single, with Kids
15%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
10%
12-17 yrs old
33%
18-34 yrs old
36%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Basketball
Soccer
Where do the neighbors shop?
Burlington
Ross Dress For Less
Forever 21
Where do the neighbors go to eat?
Popeyes
Jasons Deli
Dominos Pizza
What do the neighbors drive?
Dodge
Acura
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits- Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Dallas, TX
Dallas's transportation infrastructure is extensive, featuring a network of highways that facilitate travel and commuting. Public transit options include buses and the DART rail system, with schedules that accommodate the needs of daily commuters. Ride-sharing services are readily available, enhancing mobility within the city. Certain areas, particularly in the downtown and uptown districts, are known for their walkability, while the city is also making strides to improve bikeability with dedicated lanes and trails.
The city of Dallas is served by a comprehensive array of services. Its educational system includes numerous public and private schools, catering to a range of educational needs and preferences. Healthcare is well-supported by several major hospitals and clinics offering a spectrum of services from emergency care to specialized treatments. The public library system is extensive, providing residents with access to a wealth of knowledge and resources. Retail and dining experiences are abundant, reflecting the local culture and cuisine, with initiatives in place to continually improve these services.
Dallas is celebrated for its vibrant culture and dynamic lifestyle. The city prides itself on being a hub for arts, entertainment, and business. Annual events like the State Fair of Texas and the Dallas Arts Month showcase the city's cultural diversity and community spirit. The character of Dallas is further defined by its bustling downtown area, serene parks, and a variety of neighborhoods each with its own unique charm.
Dallas's housing market is diverse, with a mix of single-family homes, high-rise apartments, and townhouses. The architectural styles vary widely, from sleek contemporary to classic ranch and Tudor designs. Single-family homes are prevalent, while apartments and townhouses offer urban living options. The homeownership rate in Dallas is robust, with a significant portion of residents owning their homes, while the remainder of the population opts for renting.
About 5940 Margewood Dr
The listing price of 5940 Margewood Dr property is $500,000.
The property 5940 Margewood Dr is land located in Dallas, Texas, 75267.
Active Listing: 5940 Margewood Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5940 Margewood Dr are: La Academia de Estrellas (GreatSchools Rating 4/10), Life School Mountain Creek (GreatSchools Rating 3/10), Leslie A. Stemmons Elementary School (GreatSchools Rating 6/10), Clay Classical Academy (GreatSchools Rating 5/10), La Academia de Estrellas Middle School (GreatSchools Rating 5/10), T.W. Browne Middle School (GreatSchools Rating 6/10), Ume Preparatory Academy (GreatSchools Rating 8/10), Moises E. Molina High School (GreatSchools Rating 3/10), Trinidad Garza Early College at Mt View (GreatSchools Rating 9/10).
The property 5940 Margewood Dr is 1.21 acres.
This home is located at 5940 Margewood Dr in Dallas, TX and zip code 75236. Features: 0 bathroom. It has been listed on Rocket Homes since June 17, 2025 and is currently priced at $500,000.
The number of homes for sale in Dallas, TX increased by 7.8% between May and June 2025. In June 2025, listings were on the market for 73 days. During the same period, the median list price in this real estate market was $470,660.
From Rocket Homes Real Estate and based on county public records data.