See Home Value
Grapevine 76051
1221 Falcon Drive
$1,440,000
● House - Off Market

1221 Falcon Drive

Grapevine, TX 76051
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,035 Ft²
$7,457
Est. Monthly
$92
HOA / Fees

About This Property

The moment you walk through the door, you will be impressed. Positioned on one of the most sought-after lots in Grapevine, this home backs directly to Corps of Engineer property, giving you rare privacy, wide open green space, and access to nearby trails you simply cannot replicate in a traditional neighborhood setting. With no backyard neighbors and a natural buffer behind you, the sense of space and serenity is immediate.

The backyard is a true resort-style oasis, anchored by a stunning custom Trident pool with an in-floor cleaning system, water features, and dramatic fire bowls. A custom cabana with a motorized screen and Big Ass Fan makes this the ultimate space to entertain or unwind while watching those iconic Texas sunsets.

Inside, the unique and functional floor plan impresses immediately. Oversized windows along the back of the home frame the breathtaking backyard from the moment you enter the front door, filling every room with natural light and seamless indoor-outdoor living. Custom touches are found throughout: hardwood floors, upgraded granite countertops, designer lighting, remote-controlled window coverings, and plantation shutters create a sophisticated yet livable interior. A walkout from the first floor puts you steps away from the pool at all times.

Located just minutes from Downtown Grapevine, Lake Grapevine, and the Gaylord Texan, this home delivers on lifestyle just as much as it delivers on luxury. Homes on lots like this do not come available often. Do not miss your opportunity.
Unit Size
4,035 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$372
Property Type
House
Property Taxes
-
HOA Dues
$92
Year Built
2016

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Last updated: 2 months ago (NTREIS #21294992)

Price History

Date / Event Date Event Price
Sep 4, 2026 Sold
Sold
Jul 6, 2026 In contract -
In contract
Jun 8, 2026 Listed by BK Real Estate $1,500,000
Listed by BK Real Estate
Oct 25, 2022 Sold
Sold
Sep 19, 2022 Listed by Compass RE Texas, LLC $1,200,000
Listed by Compass RE Texas, LLC
The moment you walk into this house you will be IMPRESSED! Located on one of the most sought after lots in Grapevine backing to the Corp of Engineer Property. The backyard oasis has a beautiful custom Trident Pool with in floor cleaning system, water features and fire bowls plus a cabana with motorized screen and Big Ass Fan to enjoy those Texas sunsets! Inside you will enjoy this unique and functional flow of this floor plan. Upon entering from the front door you will be welcomed with views of the outdoors with oversized windows along the back of the house. There are so many custom interior finishes including wood floors throughout, upgraded granite countertops, gorgeous lighting, remote window coverings and plantation shutters along with a walkout first floor to enjoy your breathtaking backyard. This neighborhood is minutes from Downtown Grapevine, Lake Grapevine and the Gaylord Hotel and we are excited to share this home with you!
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 1
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 13,902
  • Total Building Area: 4,035
  • Gross Building Area: 4,035
  • Building Area: 4,035
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 4,035
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE POINTE
  • Land Acres: 0000000319
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: LAKE POINTE BLOCK 1 LOT 10A

Neighborhood

  • School District Name: Grapevine-Colleyville Independent School District
  • School Tax School District: GRPVNE-CLLYVLE
  • Census Tract: 113714

Geography

  • Assessors Map Reference: MAP 2126-468
  • Account Number: 41693175
  • District: 011
  • Parcel: 41693175
  • Block: 1
  • Lot: 10A
  • Municipality: GRAPEVINE
  • Latitude: 32.9522
  • Longitude: -97.0872

    Address

  • Full Address: 1221 Falcon Dr
  • Address - House Number: 1221
  • Address - Street Name: Falcon
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Grapevine
  • Carrier Code: C009
  • 4-Digit Zip Code: 1117
  • Zip Code: 76051

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,890,534
  • Tax Rate Code Area: 906

    Appraisal Valuation

  • Standard Deviation: 0.1991
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 932,866
  • High Value: 1,118,677
  • Low Value: 747,056

    Market Valuation

  • Market Total Value: $1,250,084
  • Market Land Value: $170,000
  • Market Improvement Value: $1,080,084

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,250,084
  • Assessed Land Value: $170,000
  • Assessed Improvements Value: $1,080,084

    Sales

  • Current Sale Contract Date: Oct 25, 2022
  • Current Sale Recording Date: Oct 25, 2022
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 255814
  • Previous Sale Recording Date: Feb 10, 2020
  • Previous Sale Contract Date: Jan 02, 2019
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 40
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Grapevine


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Frequently Asked Questions

When was property at 1221 Falcon Drive built and last sold?
The property at 1221 Falcon Drive was built in 2016 and last sold on Oct 25, 2022 for $591,850.
How much is this home worth?
The estimated value of the home located at 1221 Falcon Drive is $1,495,510.
What are some comparable homes to 1221 Falcon Drive?
There are currently no comparable homes to 1221 Falcon Drive.