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$245,000

716 Lakeland Rd, Lake Dallas, TX, 75065

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths1,020 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$240.2 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Cooktop, Gas Oven, Gas Water Heater, Ice Maker, Microwave, Refrigerator
FlooringCarpet, Wood

Exterior

Lot Size5,846 sqft

Building Information

Year Built1982
Stories2
Roof Type105

Land Information

APNR62033
SubdivisionMep & Prr
Land UseResidential
Legal DescriptionA0924A MEP & PRR, TR 47, .1342 ACRES, OLD DCAD TR #8(8)
Census Tract021411
Assessed Land Value$61,425
Assessed Improvement Value$146,759
Assessment Year2025

About this property

Welcome to your own storybook escape—this charming lavender A-frame is the kind of home that turns heads and leaves a lasting impression. Perfectly positioned on a spacious lot just steps from Lake Lewisville, this one-of-a-kind property offers the ideal blend of charm, flexibility, and lifestyle. Whether you're searching for a weekend retreat, full-time home, or a unique investment opportunity, this one checks every box. Inside, you’ll find an updated, move-in ready interior featuring fresh paint, new carpet, and a thoughtfully designed layout. The main level offers a cozy living area, dining space, kitchen, and a full bath with integrated laundry. Upstairs, the open loft includes a walk-in closet, private balcony, and flexible space, while the home as a whole comfortably sleeps 4 to 6 guests. Major updates bring peace of mind, including a roof and water heater both less than two years old, a new shower, recently serviced systems, and a one-year warranty included. Step outside to your fully fenced backyard with endless potential—imagine adding a jacuzzi, firepit lounge, or creating your own private outdoor retreat. The property also features ample parking, including dedicated space for RV or boat storage, plus an EV charging plug already in place. Located just a short stroll to the lake and minutes from outdoor trails, you’re close to the Denton Katy Rail Trail and only a two-minute walk to Willow Grove Trail—perfect for an active, nature-filled lifestyle. With no HOA, low utilities, and easy maintenance, this home is as practical as it is charming. Positioned along a secondary thoroughfare in Lake Dallas’ 2030 Marina Plan, it also offers exciting long-term investment potential. Unique, fun, and full of personality—this isn’t just a home, it’s an experience.

Investor Tools

Property Icon
$245,000
Estimated Property Value
$70,000Estimated Mortgage Balance
$187,677Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,470 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$223/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,456
$161,051
2025
$61,425
$146,759
$208,184
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,456
$161,051

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Unknown
$70,000
No
First
Feb 8, 2013
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$57,323
$187,677
76%
23%
$486/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,660/mo
$486/mo
+$1,174/mo
8.1%

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: Lake Dallas

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716 Lakeland Rd | Property Details | No Agent List