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5516 Forest Lane Dallas, Texas 75230

For Sale

$719,000

Smart Buyer Rebate $7,190

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.

Listed by Sue Mardock

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Ready Real Estate LLC

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817-999-4205

Last updated February 18, 2026

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Source: NTREIS #21177249

Listing Facts

  • TypeSingle-family
  • NeighborhoodPreston Royal Northwest
  • Bedrooms3
  • Bathrooms2
  • Days on Prevu32
  • Size1,912 sqft
  • Price per sqft$376

Amenities

  • Dishwasher
  • Pets Allowed
  • Parking

Location

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Listing History

02/12/2026
Listed by Ready Real Estate LLC
$719,000

Property Details for 5516 Forest Lane

Exterior

Construction

  • Year Built: 1956

Measurements

  • Lot Size Acres: 0.35
  • Lot Size Area: 0
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 15,420
  • Lot Size Units: Acres

Financial

Taxes

  • Parcel Number: 00000577138000000

Interior

Features

  • Appliances: Dishwasher, Disposal
  • Fireplace Features: Brick
  • Fireplaces Total: 1
  • Interior Features: Cable TV Available

Measurements

  • Living Area: 1,912

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 3

Other

Location

  • Subdivision Name: Inwood Road Estates
  • Tax Block: 1/638
  • Tax Lot: 16

Parking

Parking

  • Attached Garage: Yes
  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Concrete, Drive Through

Schools

Elementary School

  • Elementary School: Pershing

Utilities

Equipment

  • Laundry Features: Full Size W/D Area
  • Utilities: City Water

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 3 bedrooms and 2 bathrooms in this single-family home at 5516 Forest Lane .

What schools are nearby to 5516 Forest Lane ?

Nearby schools include the Pershing Elementary School.

Does this single-family home have parking?

Yes, there are 2 parking spaces available for 5516 Forest Lane .

How does 5516 Forest Lane compare to other single-family homes in Preston Royal Northwest?

This single-family home is listed 79% below the average price for single-family homes in Preston Royal Northwest and has been on the market for 40 less days than the typical home in this area.

What is the square footage on this single-family home?

According to the MLS, this listing is 1,912 sqft.

5516 Forest Lane is a 3-bedroom, 2-bath single-family home for sale in Dallas Texas 75230. On Prevu for 32 days at $719,000. This residence features 1,912 square feet of living space, located in Preston Royal Northwest. The median listing price for single-family homes in this area is $3,497,500. Nearby schools include Pershing Elementary School. The home offers dishwasher, pets allowed, and parking. Explore more single-family home listings in Dallas.

Based on information from NTREIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.