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$709,000 -$36,000 (-4.83%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 0.354 Acres
  • 2 Car Garage
  • Updated 4 days ago
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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 for 5516 Forest Ln

General

  • Price: $709,000
  • Taxes: $14,574
  • Status: Active
  • Type: Single Family
  • Source: NTREIS
  • MLS ID: 21177249
  • Updated: 8/31/2026
  • Added to Site: 204 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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Listing agent

— 5516 Forest Ln —

  • Sue Mardock

    Ready Real Estate LLC

817-999-4205

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5516 Forest Ln

School District:Dallas Independent School District
NameGradesDistance
John J Pershing Elementary School
5715 Meaders Ln, Dallas, TX 75230
PK-51.5 mi
Benjamin Franklin Middle School
6920 Meadow Road, Dallas, TX 75230
6-82.4 mi
Hillcrest High School
9924 Hillcrest Road, Dallas, TX 75230
9-122.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5516 Forest Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/31/2026
Price Reduced
$709,000
-4.83%
MLS
7/17/2026
Price Increased
$745,000
3.62%
MLS
2/12/2026
Listed
$719,000
—
MLS
Get Price Alerts and Save Property
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 for 5516 Forest Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,626
16%
$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
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Ready Real Estate LLC, Sue Mardock

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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 $709,000 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.

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