The Lakes of La Paloma in Southlake, TX

The Lakes of La Paloma is a small gated neighborhood of large custom homes with a lake and a community pond, just south of Southlake Boulevard off South Carroll Avenue. Some homes sit right on the water, and Central Market and Southlake Town Square are just up the road. It's for buyers who want land, water views and a central location, and who are fine with a home built around 2000.

The Lakes of La Paloma at a glance

Detail	The Lakes of La Paloma
Location	South of Southlake Boulevard, off South Carroll Avenue, on La Paloma Court
Recent sales	About $1.8 to $4.8 million (2 sales, Nov 2021 to Nov 2026)
Gated	Yes
Water	A lake and a community pond, based on listings
Lot sizes	About half an acre to more than an acre, based on listings
Home sizes	About 5,000 to 7,700 square feet, based on listings
Age of homes	Development dates to 1996, and homes on recent listings were built from 1998 to 2000
HOA	Yes. One listing showed about $1,800 a year. I'll confirm the current dues.
Schools	Carroll ISD, with Old Union Elementary and Dawson Middle School, based on listings. Confirm for the exact address.

What is it like to live in The Lakes of La Paloma?

The water is the draw. Some lots are right on the lake, and one recent listing had a canal leading to a community pond. One recent listing showed fishing as a community feature.

It's also about as central as it gets. Here's what most people don't realize coming from out of state. Southlake isn't built as a walkable downtown, and most daily errands mean getting in the car. From here, though, Central Market and Southlake Town Square are close. One listing even called them a short walk.

What are the homes like in The Lakes of La Paloma?

These are big homes on big lots. The ones I've seen listed run about 5,000 to 7,700 square feet, with four to six bedrooms. Lots range from about half an acre to more than an acre. One lakefront estate sat on about 1.38 acres.

Only two homes have sold here in the last five years (as of November 2026): one in 2022 for about $1.8 million and one in 2026 for about $4.8 million. The 2026 sale was the larger, remodeled lakefront estate on about 1.38 acres, so those two sales aren't apples to apples.

The homes on recent listings were built from about 1998 to 2000. Just know most of Southlake was built in the 1990s and early 2000s, so a lot of homes in town need updating. Some homes in La Paloma have already been remodeled, and updated homes move fast because most buyers don't want a renovation. If you're willing to update, that's where you can find a really good deal.

Where is The Lakes of La Paloma?

The Lakes of La Paloma is in central Southlake, just south of Southlake Boulevard off South Carroll Avenue. In my post on Southlake neighborhoods by region, I call central Southlake the heart of the city, with the best balance of luxury, access and community. You're minutes from Town Square and Highway 114.

Southlake as a whole is about 15 minutes from Dallas-Fort Worth International Airport and about 30 minutes from both downtown Dallas and downtown Fort Worth.

Who is The Lakes of La Paloma a good fit for?

The Lakes of La Paloma makes the most sense if you:

• Want water views and a big lot without leaving the middle of Southlake.
• Want a large home with room to spread out.
• Don't mind updating, or are ready to pay for a home that's already been done.

Here's the part that not everyone talks about.

• Inventory. This is a small neighborhood, so homes don't come up often. I never want to send you to a neighborhood and have you wait three years for a home, so let's keep a few others on your list too.
• Age. The homes I've seen listed here are more than 25 years old. Budget for updates unless you buy one that's already remodeled.
• Water. With any home on or near a lake, I'll check whether it's in a flood plain before you write an offer.

Nearby neighborhoods to compare

If The Lakes of La Paloma is on your list, I'd also look at these:

• Versailles, a small, boutique-style neighborhood just south of Southlake Town Square.
• Winding Creek, with a creek running through it, a little fishing lake and walking paths, close to Town Square and Central Market.
• Westwyck Hills, custom homes on wooded lots, close to everything in Southlake.
• South Ridge Lakes, on the west side, with lakes, a community pool and lots that often run about half an acre.

For the big picture, start with my Southlake guide. You can also see how central Southlake compares with the north and west sides in Southlake Neighborhoods by Region: The Best Areas for Luxury Buyers.

Frequently asked questions

How big are the lots in The Lakes of La Paloma?

Recent listings show lots from about half an acre to more than an acre, and some sit right on the lake.

Is The Lakes of La Paloma gated?

Yes, The Lakes of La Paloma is a gated community.

What school district is The Lakes of La Paloma in?

Recent listings show Carroll ISD, with Old Union Elementary and Dawson Middle School. Confirm zoning for the exact address before you buy.

Your next step

Want to see what's available in The Lakes of La Paloma? I'd be so happy to send you the homes for sale here, including ones that aren't on the market yet. Fill out my Southlake questionnaire, tell me your budget and your hot buttons, and I'll send you the homes that fit. From there, we can set up a one-on-one Zoom call to narrow it down.

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