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$1,950,000

8511 Groveland Dr, Dallas, TX, 75218

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths3,585 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$543.93 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesSome Gas Appliances, Built In Refrigerator, Convection Oven, Double Oven, Dishwasher, Gas Cooktop, Disposal, Gas Range, Indoor Grill, Microwave, Plumbed For Gas, Vented Exhaust Fan, Wine Cooler
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Rain Gutters
Lot Size14,022 sqft

Building Information

Year Built2006
Roof Type105
Garage Spaces2

Land Information

APN00528300030100000
Lot Number10
SubdivisionForest Hills
Land UseResidential
Legal DescriptionFOREST HILLS ESTATES 2 BLK 3/5283 LT 10 ACS 0.3128 INT202100008703 DD01072021 CO-DC 5283 003 01000 1DA5283 003
Census Tract008102
Assessed Land Value$259,410
Assessed Improvement Value$984,120
Assessment Year2026

About this property

Reimagined, remodeled, and beautifully redesigned, this classic Colonial is tucked beneath towering trees in prestigious Forest Hills, just moments from White Rock Lake and the Dallas Arboretum. This exceptional 4-bedroom, 5-bath residence blends timeless architecture with sophisticated modern updates and an effortless floor plan designed for both everyday living and entertaining. The home offers multiple living areas, gracious formal spaces, and an elegant first-floor primary suite. Thoughtfully opened and updated while preserving the warmth and definition of traditional rooms, the interiors showcase tasteful custom finishes throughout. The chef’s kitchen is designed for serious cooking and gathering, while the spa-inspired primary bath creates a private retreat.Outside, enjoy a beautifully landscaped setting with pool and spa—perfect for relaxing or entertaining beneath the mature tree canopy. Extensive improvements include updated mechanical systems, roof, finishes, and much more. A refined, understated Forest Hills classic offering the character of an established home with the comfort and quality of a comprehensive renovation.

Investor Tools

$487,082Estimated Mortgage Balance
$874,918Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,700 /month
Positive
Cash Flow Estimate:
$3,900 /month

Interested in this property?

Lee Lamont

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,206/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,667
$1,243,530
2026
$259,410
$984,120
$1,243,530
No

Tax History

Year
Tax Paid
Assessed Value
2025
$19,667
$1,243,530

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fifth Third Bank Na
Conventional
$548,250
No
First
Jan 7, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$487,082
$874,918
64%
36%
$3,288/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,710/mo
$3,288/mo
$-578/mo
2.4%

City: Dallas

8511 Groveland Dr | Property Details | No Agent List