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$213,500
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Property Description
MAJOR PRICE IMPROVEMENT!! Whether you're looking for a one-of-a-kind home or a smart addition to your investment portfolio, this property delivers! HOA confirmed SHORT TERMS RENTAL ALLOWED - 30 days minumum (No Daily Rentals allowed). Come and see this unique condo that offers the perfect blend of investment potential and a private, comfortable home. Located in the small, 21-unit Manorhomes of Wimbledon community, this property provides a rare treehouse feel, far from a typical parking lot view. For buyers, the highlight is the VERSATILE THIRD BEDROOM ON THE GROUND FLOOR created from the one-car garage. With a private entrance and a dedicated parking spot, this flexible space is ideal for a home office, gym, studio, or private guest room. The second level offers a flexible space, featuring an expansive living and dining area with vaulted ceilings and a warm wood-burning fireplace. The kitchen is bright and open, and a serene screened-in balcony offers a peaceful retreat among the trees. The primary suite is a quiet sanctuary with vaulted ceilings and abundant windows, creating a peaceful escape. The secondary bedroom is currently set up as home office space with french doors that open to the dining area. This too could be changed to provide more privacy to that bedroom. For investors, this property offers a clear path to high returns. The ground level space CAN BE EASILY CONVERTED BACK TO GARAGE SPACE to maximize the rental potential. LOCATION, LOCATION, LOCATION. High rental demand driven by its proximity to UTA, major highways, shopping, and dining. There have been NUMEROUS rental inquiries on this listing. The property's unique features make it highly marketable, and all appliances can convey, reducing initial setup costs.
Full Property Details
Full Property Details for 4516 Forestgate Dr
General
- Price: $213,500
- HOA FEE: $349/month
- Taxes: $4,574
- Status: Active
- Type: Condo
- Source: NTREIS
- MLS ID: 20913186
- Updated: 12/9/2025
- Added to Site: 217 day(s) ago
Interior
- Interior Features: Built-in Features, High Speed Internet, Vaulted Ceiling(s), Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Wood Burning
- Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
- Flooring: Carpet, Laminate, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room
Exterior
- Exterior Features: Balcony, Lighting, Rain Gutters
- Porch/Patio/Deck: Covered, Screened, Balcony
Parking
- Parking Features: Assigned, Asphalt
Location
- County: Tarrant
- Subdivision: Manorhomes Of Wimbledon Condo
- Driving Directions: Just south of 1-20 between Bowen Rd and Cooper Street. Easy access to the community from the east bound I-20 service road or through the adjacent neighborhood to the south via Forestgate drive Turn right on Forestgate Drive and then an immediate right onto Forestgate Circle. Building B.
School Information
- Elem School District: Arlington ISD
- Midd School District: Arlington ISD
- High School District: Arlington ISD
- Elementary School: Wood
- High School: Martin
Community
- Association: Yes
- Assoc. Name: Community Archives
- Assoc. Fees Include: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Architectural Style: Traditional
- Detached/Attached: Attached
- Construction: Block
- Roof: Composition
- Windows: Window Coverings
- Stories/Levels: 2
- Living Area: 1,411 Sq. Ft.
- Year Built: 1984
Lot Features
- Lot Size (Acres): 0.108
- Lot Size (Sq. Ft.): 4,704.48
- Frontage: All Weather Road
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Association Fee: $349
- Assoc Fee Freq.: Monthly
- Tax Amount: $4,574
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Legal Description: MANORHOMES OF WIMBLEDON CONDO BLOCK D LOT 2 &
- Property ID: 5174449
- Block: D
- Lot Number: 2
Listed by CENTURY 21 Judge Fite Co., Gretchen Greco
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Schools
Schools serving 4516 Forestgate Dr
School District:Arlington Independent School District
| Name | Grades | Distance |
|---|---|---|
Wood Elementary School 3300 Pimlico Drive, Arlington, TX 76017 | K-6 | 1.1 mi |
Boles J High School 3900 Southwest Green Oaks Boulevard, Arlington, TX 76017 | 7-8 | 1.9 mi |
Martin High School 4501 West Pleasant Ridge Road, Arlington, TX 76016 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4516 Forestgate Dr
Date
Details
Price
Change
Source
11/17/2025
Price Reduced
$213,500
-2.06%
MLS
9/12/2025
Price Reduced
$218,000
-3.11%
MLS
6/13/2025
Listed
$225,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4516 Forestgate Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,059
-1%
$192,000
-8%
2023
$3,077
—
$209,302
2%
2023
$3,077
-40%
$204,813
—
2022
$5,094
41%
$204,813
26%
2021
$3,622
6%
$162,357
-1%
2020
$3,417
-2%
$163,544
18%
2019
$3,474
8%
$138,331
12%
2018
$3,203
8%
$123,293
9%
2017
$2,958
20%
$113,037
22%
2016
$2,457
—
$92,313
2%
2015
$2,446
5%
$90,500
—
2013
$2,336
—
$90,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4516 Forestgate Dr
4516 Forestgate Drive, Arlington, TX 76017 (MLS# 20913186) is a Condo property with 3 bedrooms and 2 full bathrooms. 4516 Forestgate Drive is currently listed for $213,500 and was received on June 13, 2025. Want to learn more about 4516 Forestgate Drive? Do you have questions about finding other Condo real estate for sale in Arlington? You can browse all Arlington real estate or contact a Coldwell Banker agent to request more information.

