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$1,300,000

11824 Forest Lakes Ln, Dallas, TX, 75230

Off MarketInfo
Beds3 Beds
Baths5 Bath
Baths3,870 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$335.92 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave, Double Oven, Vented Exhaust Fan, Wine Cooler
FlooringCeramic Tile, Marble, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Private Yard, Garden
Lot Size8,046 sqft

Building Information

Year Built1985
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00000734692130000
Lot Number5
SubdivisionLake
Land UseResidential
Legal DescriptionLAKE ESTATES BLK 45A/7460 LT 5 INT202400150270 DD07262024 CO-DC 7460 45A 00500 1007460 45A
Census Tract013201
Assessed Land Value$275,000
Assessed Improvement Value$933,310
Assessment Year2025

About this property

Situated on a beautiful lot beside a private lake on a secluded cul-de-sac, this tranquil home offers a private location and a refreshingly unique design. Originally built by Sharif and Munir, this house was exquisitely updated in 2021. An amazing primary suite on the first floor, the comfortable interior features 3870 square feet of space with 3 bedrooms, 4 full bathrooms, 1 powder room, 2 living areas, 2 dining areas, a handsome study, wet bar, 10ft by 4ft safe room, and a 2-car attached garage. The back yard oasis with a sparkling pool and spa is devoid of power lines and is 100% private every day of the year. High ceilings, abundant natural light, hardwood and marble floors, marble countertops, custom millwork, and many other features are highlights of this exceptional home. Just blocks from Preston Forest Shopping Center and local walking and bike trails.

Investor Tools

Property Icon
$1,287,000
Estimated Property Value
$1,009,409Estimated Mortgage Balance
$0Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,800 /month
Positive
Cash Flow Estimate:
$2,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,066/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,355
$1,208,310
2025
$275,000
$933,310
$1,208,310
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,355
$1,208,310

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citibank Na
Conventional
$990,716
No
First
Feb 12, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,992,553
N/A
0%
155%
$11,752/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$12,152/mo
$-10,180/mo
1.8%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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11824 Forest Lakes Ln | Property Details | No Agent List