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1049 Forest Grove Drive
About This Property
Thoughtfully updated throughout, this home offers the perfect blend of timeless character and modern luxury. Extensive improvements include new plumbing, beautifully renovated bathrooms, custom-designed closets, two new water heaters, a new HVAC system, and new exterior siding throughout. The roof was replaced in 2019, and the property features a full-coverage sprinkler system.
Inside, the formal dining room flows seamlessly into the impressive great room, where soaring vaulted ceilings, a wood-burning fireplace, and expansive sliding glass doors create a beautiful connection to the outdoors. The kitchen features generous granite countertops, abundant cabinetry, stainless steel appliances, and a welcoming breakfast nook.
The spacious primary suite offers a private retreat with two walk-in closets and a luxurious, spa-like en suite bath.
Designed for effortless entertaining, the backyard features a covered patio and additional outdoor living space-an ideal setting for relaxing or gathering with family and friends. Additional highlights include an oversized two-car garage and generously sized laundry room.
A rare opportunity to enjoy a truly turnkey home in one of East Dallas' most desirable neighborhoods, with White Rock Lake, Casa Linda shopping, and exemplary Hexter Elementary all just minutes away.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2026 | In contract | - | |
| In contract | |||
| Aug 14, 2026 | Listed by Compass RE Texas, LLC | $749,000 | |
| Listed by Compass RE Texas, LLC | |||
| Feb 7, 2022 | Sold | ||
| Sold | |||
| Sep 3, 2021 | Listed by Compass RE Texas, LLC | $584,000 | |
| Listed by Compass RE Texas, LLC | |||
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Fabulous ranch home on over a third of an acre corner lot in popular Eastwood Estates & exemplary Hexter Elementary! Great curb appeal with large front & side yard, mature trees & covered front porch. Enter into formal dining & great room with vaulted ceilings, stone woodburning fireplace & sliding glass doors leading to backyard, covered patio & additional outdoor living with fire pit. Oversized kitchen with granite counters, ample cabinetry & stainless appliances opens to breakfast nook. Great master suite with two walk-in closets, updated en suite bath & wall-to-wall windows overlooking the outdoor living area. 2-car garage, big laundry room, attached storage room that could be converted to living space.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017