31
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1720 Mistletoe Drive
About This Property
Built with quality craftsmanship and meticulously maintained, the home features rich hardwood floors, custom cabinetry, solid-core doors, and a striking gas fireplace. Thoughtfully designed for comfort and efficiency, the residence includes enhanced insulation, abundant storage, and flexible space for future expansion.
Outdoor living is truly spectacular. An elevated covered patio and fully equipped outdoor kitchen overlook the resort-style backyard featuring a heated pool, oversized spa, and mature oak trees, creating a private retreat ideal for entertaining and year-round enjoyment.
A separate one-bedroom, one-bath guest house offers endless possibilities for extended family, visitors, a private home office, or multigenerational living.
Rarely does a property combine acreage, luxury amenities, and an unbeatable Flower Mound location. This is a unique opportunity to own a private estate that feels worlds away while remaining close to everything the Dallas-Fort Worth Metroplex has to offer.
There is an adjacent 3.5 acres available see MLS 21304256
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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%.
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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 |
|---|---|---|---|
| Oct 20, 2026 | Price Decreased |
$1,450,000
↓ $50K
(3.3%) | |
| Price Decreased | |||
| Jun 16, 2026 | No longer available | - | |
| No longer available | |||
| Jun 15, 2026 | Listed by RE/MAX Associates of Mansfield | $1,500,000 | |
| Listed by RE/MAX Associates of Mansfield | |||
| Apr 21, 2026 | Price Decreased |
$2,800,000
↓ $600K
(17.7%) | |
| Price Decreased | |||
| Mar 17, 2026 | Listed by RE/MAX Associates of Mansfield | $3,400,000 | |
| Listed by RE/MAX Associates of Mansfield | |||
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Set on a picturesque, tree-filled estate in the heart of Flower Mound, this exceptional property offers a refined blend of luxury living, privacy, and equestrian functionality—eight miles from DFW airport and just minutes from Murrell Park and the shores of Lake Grapevine.
Built in 2005 and meticulously maintained, the residence reflects timeless craftsmanship and thoughtful design. Rich hardwood flooring, solid core doors, and custom cherrywood cabinetry elevate the interiors, while a striking gas fireplace anchors the main living space. Engineered for both comfort and efficiency, the home features radiant barrier construction, enhanced insulation, expansive walk-in attic storage, and is structurally designed to accommodate a future third-story expansion.
Outdoor living is equally impressive. A 2017 addition introduced an elevated covered patio and fully equipped outdoor kitchen—perfectly positioned to take in sweeping views of the serene, oak-studded landscape. The resort-style backyard features a heated pool and oversized spa with dual jets, creating a private retreat ideal for both entertaining and relaxation year-round.
Designed with the equestrian lifestyle in mind, the property includes a 3,000-square-foot barn complete with two stalls and a wash station, finished with commercial-grade roofing and framed by classic split-rail pipe fencing.
A separate one-bedroom, one-bath guest residence provides ultimate flexibility—ideal for extended family, guests, or a private executive office.
This is a rare opportunity to own a true estate property—offering acreage, privacy, and high-end amenities
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About Northlake Highlands
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017