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$2,500,000

3721 Mockingbird Lane, Highland Park, TX, 75205

Off MarketInfo
Baths0 Bath
Baths3,412 Sq Ft
Year BuiltBuilt in 1922

Highlights

Interior

Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size12,180 sqft

Building Information

Year Built1922
Stories1
Roof Type105
Garage Spaces2

Land Information

APN60084500400030000
Lot Number3
SubdivisionHighland Park
Land UseResidential
Legal DescriptionHIGHLAND PARK BLK 40 LT 3 & W 10' LT 4 INT202500129956 DD06202025 CO-DC 0845004000300 16908450040
Census Tract019700
Assessed Land Value$1,705,200
Assessed Improvement Value$316,700
Assessment Year2025

About this property

Positioned in the heart of prestigious Highland Park, 3721 Mockingbird Ln presents a rare opportunity to build a custom luxury residence on a cleared, ready-to-build lot in one of Dallas’ most coveted neighborhoods. This property offers flexibility for both end-users and builders alike. The lot is fully cleared and primed for immediate construction—ideal for bringing your own vision to life. Alternatively, the sale includes a thoughtfully designed set of plans currently in the approval process with the City of Highland Park, anticipated for approval this month. The proposed residence features approximately 7,000 square feet of conditioned living space, thoughtfully designed with 4 bedrooms, expansive entertaining areas, a game room, private home gym, elevator, and a 3-car garage. Outdoor living is elevated with a resort-style pool and a spacious terrace, creating seamless indoor-outdoor flow. Plans have been engineered with light gauge steel framing, offering enhanced structural integrity and modern building efficiency. The offering also includes a comprehensive design package: full architectural plans, interior design, structural engineering, landscaping, and lighting plans—providing a turnkey path from concept to completion. Surrounded by premier estates and located within HPISD, this is a unique chance to secure a build-ready homesite with significant time and design investment already in place.

Investor Tools

Property Icon
$2,475,000
Estimated Property Value
$0Estimated Mortgage Balance
$507,231Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,000 /month
Positive
Cash Flow Estimate:
$5,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,608/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,926
$2,021,900
2025
$1,705,200
$316,700
$2,021,900
No

Tax History

Year
Tax Paid
Assessed Value
2025
$18,926
$2,021,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loan Ranger Capital Investments Reit Llc
Purchase Money Mortgage
$2,000,000
No
First
Jun 20, 2025
Jul 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,967,769
$507,231
20%
80%
$11,992/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,620/mo
$11,992/mo
$-8,372/mo
1.8%

Learn About the Market: Opportunity in Texas

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Explore

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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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Highland Park

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3721 Mockingbird Lane | Property Details | No Agent List