Buying in one of the best neighborhoods in Southlake, TX means picking your subdivision carefully. As of mid-2026, the citywide median sale price sits around $1.38 million, homes are spending a median of 21 days on the market, and sellers are averaging about 98.4% of asking. This isn't a soft market.
Stone Lakes is a master-planned community of roughly 330 homes, built primarily in the 1990s, centered on a 10-acre private lake. It has a specific character - older trees, established lots, a defined set of amenities - and it draws a particular kind of buyer. Whether that buyer is you comes down to your budget, your daily routine, and how much you value that particular setup.
Overview of the Stone Lakes Neighborhood
The 10-acre lake isn't a selling point someone invented for the brochure - it genuinely anchors the layout. Streets wrap around it, the recreation area connects to it, and sidewalks thread through the residential blocks so residents can actually use the space year-round rather than just look at it from their driveways.
The shared amenities include a community pool, cabanas, a playground, and tennis and basketball courts. That's a real list of usable infrastructure, and it gives the subdivision a footprint that reads differently on the map than a standard Southlake street grid.
Housing Setting and Lot Sizes
Lots here run from 0.3 to 0.74 acres. You get meaningful space between houses - enough to feel the separation - without committing to a full acre of weekend maintenance. The mature trees and established landscaping are a direct result of the neighborhood's 1990s origins, and for a lot of buyers, that's exactly the point.
How It Fits Within Southlake
Stone Lakes sits close to the major routes without being on top of them. State Highway 114 is accessible, which keeps Dallas and Fort Worth both within reasonable commute range. Southlake Boulevard's commercial strip is just minutes away when you need it, but the neighborhood itself stays quiet.
If you're comparing this to other parts of Southlake, think of Stone Lakes as a middle position - not the newest construction, not the largest lots, but established infrastructure and a location that works for daily life without a lot of friction.
Real Estate and Home Prices in Stone Lakes
Homes in Stone Lakes typically list between $1.2 million and $1.6 million, which puts them squarely in line with the city's $1.38 million median. Citywide inventory sits around 143 available properties, so competition is real.
The broader Southlake market is running at about 98.4% sale-to-list. That number tells you sellers aren't negotiating much. Have your financing sorted before you go to a showing - not after you find something you like.
Typical Home Styles and Builders
The 330 houses here were built between 1992 and 1997, primarily by David Weekley Homes and Drees Homes. Floor plans generally run from 2,636 to 4,208 square feet, with brick or stone exteriors that have held up reasonably well over three decades.
What you'll actually see on the inside varies a lot. Some of these homes have been fully renovated - kitchens, bathrooms, mechanicals, the works. Others are more original. Neither is automatically a problem, but the gap between a turnkey property and one needing cosmetic updates will show up in both the list price and your renovation budget.
HOA Dues and Community Rules
The Stone Lakes HOA is mandatory. Dues fund the lake maintenance, landscaping, the community pool, the shared courts, and general management costs. The HOA also enforces rules around parking, exterior changes, and rental occupancy restrictions.
Before you close, get the current budget, reserve fund balance, and full bylaws directly from the management company. Don't rely on what the seller tells you - go to the source.
Daily Life, Dining, and Getting Around
Most daily errands in Stone Lakes require a short drive. That's true across Southlake and the broader region - this isn't a walkable-to-the-grocery-store kind of place. State Highway 114 is your main artery for commuting, and it works well in both directions toward Dallas and Fort Worth.
Local Restaurants and Shopping
Southlake Town Square and East Southlake Boulevard are your closest dining options, and there's a reasonable range. Truluck's in the Square handles fresh seafood and prime steaks. Moxies on Main Street runs a globally inspired menu. Del Frisco's Grille is right in the middle of the local shopping area. For Italian, Calabrese is at 1281 E State Hwy 114.
Parks and Recreation
Beyond what's inside the neighborhood, Bicentennial Park is Southlake's largest municipal park and includes baseball fields, the Liberty Gardens, the Southlake Tennis Center, and The Marq Southlake. Bob Jones Park adds an equestrian center, picnic areas, and additional playgrounds. Both are within easy reach of Stone Lakes.
Schools, Healthcare, and Weather
North Texas summers are not subtle. From June through September, temperatures regularly exceed 90 degrees, and your HVAC system is going to earn its keep. Winters are mild enough that they're rarely the deciding factor for buyers, but the summer utility load is worth accounting for in your monthly budget. Healthcare and schools are both accessible within a short drive from the neighborhood.
Carroll Independent School District
Stone Lakes falls within the Carroll Independent School District. There are no school buildings inside the subdivision, but several campuses sit nearby. Students here typically route to Carroll Elementary, Don T. Durham Intermediate School, and Carroll Senior High School.
Attendance zones can and do shift as enrollment changes, so confirm your specific address with the district before you rely on any particular assignment.
Nearby Medical Centers and Hospitals
Texas Health Harris Methodist Hospital Southlake operates nearby and is recognized for outpatient orthopedic surgery. Methodist Southlake Medical Center also provides care within the city. For more complex needs, Baylor Scott & White Medical Center - Grapevine is a 302-bed full-service hospital with emergency care, a neonatal intensive care unit, and specialized cardiovascular and neurological departments.
Frequently Asked Questions
What is the typical price range for a single-family home in Stone Lakes, Southlake, TX?
Homes in Stone Lakes generally sell between $1.2 million and $1.6 million. That tracks closely with the broader Southlake median of around $1.38 million. Where a specific home lands within that range depends on square footage and how much updating has been done to the interior.
How much are the HOA dues in Stone Lakes, and what community amenities do they cover?
The exact amount changes, so you'll need to verify the current figure directly with the management company. The dues cover maintenance of the 10-acre private lake, the community pool, the cabanas, the tennis and basketball courts, neighborhood landscaping, and management costs.
Are all homes in the Stone Lakes neighborhood zoned for Southlake Carroll ISD?
Yes, the neighborhood falls within Carroll Independent School District boundaries. Students typically attend Carroll Elementary, Don T. Durham Intermediate, and Carroll Senior High School. Confirm your specific address with the district before you count on a particular campus assignment.
What are the neighborhood rules and restrictions regarding the use of the private lake?
The 10-acre lake is private and limited to Stone Lakes residents and their guests. The HOA maintains bylaws governing activities on and around the water, including any restrictions on watercraft or fishing. Review the current HOA documents - that's the only reliable source for the specifics.
Since most Stone Lakes homes were built in the 1990s, do buyers typically need to budget for major renovations?
It depends entirely on the individual property. Many homes built between 1992 and 1997 by David Weekley Homes and Drees Homes have already been substantially remodeled. If you're buying something that hasn't been touched, budget for kitchens, bathrooms, and aging HVAC systems at minimum.
How does buying in Stone Lakes compare to other established Southlake master-planned communities like Timarron?
Stone Lakes is smaller - roughly 330 homes built around a 10-acre lake, with lots from 0.3 to 0.74 acres and construction mostly from the 1990s. Buyers who choose it tend to want that specific scale and the water feature at the center of the community, rather than the larger golf-course layout you'll find in other local developments.
