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PRICE CUTSINGLE FAMILY · LABRADOR BAY ESTATE

$995,000

2856 Peninsula Drive, Grapevine, TX 76051
3 BD · 3 BA · 2,564 SQFT · BUILT 1994 · $388/SQFT

Labrador Bay Estate, Grapevine — 74 days on the market.

Rare opportunity to own a one-of-a-kind custom home in Grapevine, zoned to highly sought-after, award-winning Carroll ISD, one of North Texas’ most coveted school districts. Nestled in a prestigious Grapevine Lake community on nearly half an acre, this extensively renovated residence offers an exceptional blend of luxury, privacy, nature, and location, just minutes from Southlake Town Square, DFW Airport, and Historic Grapevine. Surrounded by mature trees and lush landscaping, the expansive grounds feature Emerald Zoysia grass and a private, resort-like setting. With no homes directly behind the property, enjoy exceptional privacy and peaceful views of nature. An impressive two-level Trex deck overlooks the oversized backyard, creating the perfect setting for entertaining, outdoor dining, and relaxing evenings. Inside, sophisticated finishes include white oak accent walls, custom cabinetry and doors, designer LED lighting, and premium Andersen windows and sliding glass doors that fill the home with natural light. The gourmet kitchen features brand-new Thermador appliances, while electric shades in the primary suite and main living areas add convenience and luxury. Additional upgrades include a Level 4 hail-resistant roof installed in 2023, whole-home water filtration, dedicated drinking-water purification, tankless water heater, and energy-efficient improvements. The garage features epoxy flooring and EV-charging capability, plus two custom cedar storage sheds. A truly rare opportunity to own a fully renovated luxury home offering Carroll ISD schools, Grapevine Lake living, exceptional privacy, and effortless access to Southlake and Grapevine.

01 — THE NUMBERS
DAYS ON MARKET
74
$ / SQFT
$388
PROPERTY TYPE
Single family
YEAR BUILT
1994
STATUS
Active
LISTED
JUL 17
LOT
0.47 AC
ORIGINAL PRICE
$1025K
02 — KNOW THE CITY
GrapevineFULL CITY REPORT →
THIS HOME VS CITY MEDIAN ACTIVE LIST ($650K · NTREIS)
+53% VS MEDIANGRAPEVINE-COLLEYVILLE ISD · TARRANT COUNTY · 24 MIN TO DT DALLAS
03 — SCHOOLS
Schools reported for this listing

Schools reported by this listing’s MLS record. School assignments and boundaries can change. Verify the specific address with the district.

ELEMENTARYJohnson
MIDDLECarroll
HIGHCarroll
DISTRICTCarroll ISD
AS REPORTED ON THE MLS RECORD — NOT A BOUNDARY DETERMINATION
LISTING COURTESY OF ENGEL&VOLKERS DALLAS SOUTHLAKEMLS# 21309291 · NTREIS
LAST UPDATED SEP 5, 2026, 1:05 PM CT · NTREIS IDX · LISTING INFORMATION PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC. (NTREIS). INFORMATION IS DEEMED RELIABLE BUT IS NOT GUARANTEED AND SHOULD BE INDEPENDENTLY VERIFIED. DATA MAY NOT REFLECT ALL REAL ESTATE ACTIVITY IN THE MARKET. COPYRIGHT NTREIS. ALL RIGHTS RESERVED.
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