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$719,000
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Property Description
Rare opportunity to secure over one-third of an acre in the prestigious Inwood Road Estates neighborhood-an ideal setting to create your custom dream home. The primary value is in the land. The current residence is leased month-to-month, offering immediate income potential or flexibility for redevelopment.
Full Property Details
Full Property Details for 5516 Forest Ln
General
- Price: $719,000
- Taxes: $14,574
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21177249
- Updated: 2/12/2026
- Added to Site: 9 day(s) ago
Interior
- Interior Features: Cable TV
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Masonry
- Appliances: Dishwasher, Disposal
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Concrete, Drive Through
Location
- County: Dallas
- Subdivision: Inwood Road Estates
- Driving Directions: GPS works best
School Information
- Elem School District: Dallas ISD
- Midd School District: Dallas ISD
- High School District: Dallas ISD
- Elementary School: Pershing
- Middle School: Benjamin Franklin
- High School: Hillcrest
Utilities
- Water: Public
- Cable Available: Yes
- Utility Description: Water Available, Cable Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Detached
- Stories/Levels: 1
- Living Area: 1,912 Sq. Ft.
- Year Built: 1956
Lot Features
- Lot Size (Acres): 0.354
- Lot Size (Sq. Ft.): 15,420.24
- Lot Size Source: Public Records
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $14,574
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Legal Description: INWOOD ROAD ESTATES NO2- 6TH INST BLK 1/6383
- Property ID: 577138000000
- Block: 1/638
- Lot Number: 16
Listed by Ready Real Estate LLC, Sue Mardock
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Schools
Schools serving 5516 Forest Ln
School District:Dallas Independent School District
| Name | Grades | Distance |
|---|---|---|
John J Pershing Elementary School 5715 Meaders Ln, Dallas, TX 75230 | PK-5 | 1.5 mi |
Benjamin Franklin Middle School 6920 Meadow Road, Dallas, TX 75230 | 6-8 | 2.4 mi |
Hillcrest High School 9924 Hillcrest Road, Dallas, TX 75230 | 9-12 | 2.4 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 5516 Forest Ln
Date
Details
Price
Change
Source
2/12/2026
Listed
$719,000
—
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 5516 Forest Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,397
-3%
$652,080
28%
2024
$11,702
4%
$509,940
4%
2023
$11,244
-9%
$490,000
—
2022
$12,301
44%
$490,000
24%
2021
$8,553
-4%
$396,590
-1%
2020
$8,887
-14%
$400,490
11%
2018
$10,304
-6%
$362,140
-10%
2019
$10,948
22%
$400,490
21%
2017
$8,987
9%
$330,500
9%
2016
$8,281
22%
$304,540
23%
2015
$6,801
-1%
$248,050
-2%
2014
$6,887
12%
$252,010
12%
2013
$6,122
—
$224,820
—
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 5516 Forest Ln
5516 Forest Lane, Dallas, TX 75230 (MLS# 21177249) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5516 Forest Lane is currently listed for $719,000 and was received on February 12, 2026. Want to learn more about 5516 Forest Lane? Do you have questions about finding other Single Family real estate for sale in Dallas? You can browse all Dallas real estate or contact a Coldwell Banker agent to request more information.

