5516 Forest Ln

Dallas, TX 75230

$719,000
Price
3
Beds
1,912 Sq. Ft.
$376 / Sq. Ft.
1,912
Sq. Ft.
$376
per Sq. Ft.

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.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.
  1. Listed by Suzanne Mardock • TREC #0705813 • Ready Real Estate LLC • 817-999-4205

Property Details for 5516 Forest Lane

Subdivision Name
Inwood Road Estates
Structural Style
Single Detached
Pool
No
Garage Spaces
2
LISTING UPDATED: 02/18/2026 08:58 AM

Property Details for 5516 Forest Lane

StatusActive
MLS #21177249
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1956
Lot Size0.35 AC / 15,420 SF
CountyDallas County

Location

Listing Courtesy of Ready Real Estate LLC, Suzanne Mardock
Add your commute

Building Information for 5516 Forest Lane

Stories1Year Built1956Building Size-Lot Size0.35 AC / 15,420 SF

Payment Calculator

$4,454 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,504

Property Taxes

$950

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5516 Forest Lane

Summary
Location and General Information
  • Block: 1/638
  • Directions: GPS works best
  • Elementary School: Pershing
  • Elementary School Name: Pershing
  • High School: Hillcrest
  • High School Name: Hillcrest
  • Middle School: Benjamin Franklin
  • School District: Dallas ISD
  • Geocode Confidence: High
  • Latitude: 32.91
  • Longitude: -96.81
  • State: Texas
Parking
  • Parking Features: Concrete, Drive Through
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Spaces Covered Total: 2
  • Garage: Yes
Taxes and HOA Information
  • Tax Legal Description: INWOOD ROAD ESTATES NO2- 6TH INST BLK 1/6383
  • Association Type: None
  • Tax Lot: 16
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplace Features: Brick
  • Fireplaces Total: 1
  • Interior Features: Cable TV Available
  • Number Of Dining Areas: 2
  • Number Of Living Areas: 1
  • Appliances: Dishwasher, Disposal
  • Basement: No
  • Laundry Features: Full Size W/D Area
  • Living Area: 1912.0
  • Smart Home Features Appor Pass Y: No
  • Room and Floor: Bedroom-Primary-1-1, Master Bedroom-1-1, Living Room-1-1
Exterior Features
  • Number Of Stories: 1
  • Waterfront: No
  • Room and Features: Bedroom-Primary-1-1, Master Bedroom-1-1, Living Room-1-1
  • Room List: Bedroom-Primary, Master Bedroom, Living Room
  • Levels: One
Room 1
  • Room Dimensions: 20 x 10
  • Room Length: 20.00
  • Room Level: 1
  • Room Type: Living Room
  • Room Width: 10.00
Room 2
  • Room Dimensions: 15 x 13
  • Room Length: 15.00
  • Room Level: 1
  • Room Type: Bedroom-Primary
  • Room Width: 13.00
Property
Utilities
  • Utilities: City Water
Property and Assessments
  • Financing Proposed: Cash, Conventional, FHA, VA Loan
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.354
  • Lot Size Area: 0.354
  • Lot Size Source: Public Records
  • Lot Size Units: Acres
  • Lot Size Square Feet: 15420.24
  • Multi Parcel ID: No
  • Parcel Number: 00000577138000000
  • Property Attached: No

Property History for 5516 Forest Lane

DateEvent & SourcePriceAppreciation
Feb 12, 2026

Listed (Active)

NTREIS #21177249

$719,000—
Feb 8, 2022

Sold

NTREIS #14620250

—
Jan 11, 2022

Pending

NTREIS #14620250

—
Jul 8, 2021

Listed (Active)

NTREIS #14620250

$536,000—
Aug 10, 2020

Withdrawn

NTREIS #14372753

—
Jul 1, 2020

Listed (Active)

NTREIS #14372753

$459,000—
Feb 13, 2017

Sold

NTREIS #13442771

—
Jan 15, 2017

Pending

NTREIS #13442771

—
Aug 16, 2016

Listed (Active)

NTREIS #13442771

$389,000—
Jul 24, 2015

Withdrawn

NTREIS #13108709

—
Mar 16, 2015

Listed (Active)

NTREIS #13108709

$449,900—
Dec 22, 2014

Sold

NTREIS #13061930

—
Dec 6, 2014

Pending

NTREIS #13061930

—
Dec 5, 2014

Listed (Active)

NTREIS #13061930

$240,000—
DateEvent & SourcePrice
02/12/2026

Listed (Active)

NTREIS #21177249

$719,000
02/08/2022

Sold

NTREIS #14620250

—
01/11/2022

Pending

NTREIS #14620250

—
07/08/2021

Listed (Active)

NTREIS #14620250

$536,000
08/10/2020

Withdrawn

NTREIS #14372753

—
07/01/2020

Listed (Active)

NTREIS #14372753

$459,000
02/13/2017

Sold

NTREIS #13442771

—
01/15/2017

Pending

NTREIS #13442771

—
08/16/2016

Listed (Active)

NTREIS #13442771

$389,000
07/24/2015

Withdrawn

NTREIS #13108709

—
03/16/2015

Listed (Active)

NTREIS #13108709

$449,900
12/22/2014

Sold

NTREIS #13061930

—
12/06/2014

Pending

NTREIS #13061930

—
12/05/2014

Listed (Active)

NTREIS #13061930

$240,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5516 Forest Lane

Taxable ValueLand$555,880Additions$96,200Total$652,080
Tax Record2024$11,397 ($950 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,912 SqFtAbove Grade Finished SqFt1,912 SqFtStories1Lot Size15,441 SqFtStyleSingle Family ResidenceYear Built1956ZoningZ296CountyDALLASAPN00000577138000000Fireplace TypeHas Fireplace

Schools near 5516 Forest Lane

This home is within Dallas Independent School District.
Rating
School
Type
Grades
Distance
John J Pershing Elementary School
Public - PK to 5
Benjamin Franklin Middle School
Public - 6 to 8
Hillcrest High School
Public - 9 to 12
Prestonwood Montessori At E D Walker
Public - PK to 3
Rating
School
Distance
John J Pershing Elementary School
PublicPK to 5

Benjamin Franklin Middle School
Public6 to 8

Hillcrest High School
Public9 to 12

Prestonwood Montessori At E D Walker
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5516 Forest Lane, Dallas, TX 75230

5516 Forest Lane is a single family home for sale in Dallas, TX 75230. This property was listed for sale on February 12, 2026 by Ready Real Estate LLC, it's currently listed at $719,000. It has been on the market for a total of 8 days and was last sold on February 8, 2022. This listing's school district is Dallas Independent School District. Nearby schools include John J Pershing Elementary School, Benjamin Franklin Middle School and Hillcrest High School. 5516 Forest Lane is a 3-bed, 2-bath, 1,912 sqft single family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ready Real Estate LLC, Suzanne Mardock

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 02/18/2026 08:58 AM