1view

$500,000

1610 Silverside Drive, Grapevine, TX, 76051

Off Market

0 Bath

931 Sq Ft

Single Family Residence

$537.06 / sqft

Built in 1942

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0

AppliancesNone

FlooringConcrete

Exterior

Lot Size9,818 sqft

Land Information

APN38490--76R1

Lot Number76R-1

SubdivisionShorecrest Acres Subdivision

Land UseVacant Land Residential

Legal DescriptionSHORECREST ACRES SUBDIVISION LOT 76R-1

Census Tract113716

Assessed Land Value$68,719

Assessment Year2024

About this property

Seeking visionaries for a unique 1.14 acre property located near Lake Grapevine & The Gaylord Texan hotel that would make an excellent wedding venue or private estate! Situated off a creek with multiple mature trees, this is an oasis in the heart of the DFW area with easy access to DFW International Airport, Las Colinas business district and is midway between downtown Dallas and downtown Fort Worth. A historical cabin sits on this land along with a home that is essentially a tear-down, as is the barn. A portion of the land sits in a 100-yr flood plain; however, most of it can still be developed. Interested buyers wanting to know if this land can be subdivided or what can be built here should contact the City of Grapevine for all answers, as they are the ultimate decision makers. At just $500K for over 1 acre in this location is an absolute steal! PROPERTY WENT UNDER CONTRACT WITHIN 24 HOURS BUT SELLER WANTS TO CONTINUE SHOWINGS AND WILL ENTERTAIN BACKUP OFFERS!

Investor Tools

$497,000

Estimated Property Value

$0Estimated Mortgage Balance

$497,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,000 /month

Positive

Cash Flow Estimate:

$1,000 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$207/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$68,719

2024

$68,719

N/A

$68,719

No

Tax History

Year

Tax Paid

Assessed Value

2023

N/A

$68,719

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$497,000

100%

0%

$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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