Welcome to 1720 Water Lily Drive, a spacious 5-bedroom, 3-full-bathroom, 1-half-bathroom home offering an impressive combination of comfort, functionality, and thoughtful upgrades in highly sought-after Carroll ISD! Designed with everyday living and entertaining in mind, this Southlake property features an abundance of desirable amenities and versatile living spaces. One of the standout features is the enclosed sunroom, providing additional space to enjoy year-round with endless possibilities for relaxing, entertaining, a playroom, home office, or flexible living area. Surround sound throughout the home further enhances the experience, creating an inviting atmosphere for gatherings and entertainment. The home is also equipped with solar panels, which will be paid off in full at closing, offering an energy-conscious benefit without an ongoing solar loan obligation for the new owners. A RainSoft water softener and carbon filtration system add to the home's everyday comfort and functionality. Additional features include convenient attic access, an existing gas hookup that has been capped off but can be reconnected, and an impressive six covered parking spaces, including a three-car garage and three additional covered parking spaces. Located in the heart of Southlake, this home offers convenient access to the exceptional shopping, dining, entertainment, and everyday amenities the area is known for, including Southlake Town Square and the surrounding Southlake Boulevard corridor. Commuters and frequent travelers will appreciate easy access to major thoroughfares including SH 114, FM 1709, and FM 1938, along with proximity to DFW International Airport. Zoned to highly regarded Carroll ISD, this property presents a wonderful opportunity to enjoy an established Southlake location with spacious accommodations, practical upgrades, and desirable features both inside and out!