302 Forest Trail
About This Property
Nestled on nearly 3 acres of beautifully treed land, this custom-built one-story home is your opportunity to create something truly special in one of North Texas' most desirable communities. Set far back from the street and surrounded by million-dollar estates, this property offers ultimate privacy and serene surroundings-just minutes from top-rated Argyle ISD schools, shopping, dining, and Denton County Country Club with championship golf.
This spacious home is bursting with potential and ready for a new owner to reimagine it with fresh updates, classic or modern finishes, and personal style. With some TLC, this hidden gem could become an incredible showplace-whether you're an investor looking for instant equity or a homeowner ready to put down roots and make it your own.
Opportunities like this are rare in Argyle. Limited property information is available, and the property is being sold **AS IS** but the location alone makes this one worth a look. Let your imagination take over and bring your dreams to life in this one-of-a-kind setting.
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Cap Rate Calculator
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 15, 2025 | Sold | ||
| Sold | |||
| Aug 28, 2025 | In contract | - | |
| In contract | |||
| Jul 16, 2025 | Price Decreased |
$850,000
↓ $50K
(5.6%) | |
| Price Decreased | |||
| Jun 29, 2025 | Relisted | $900,000 | |
| Relisted | |||
| Jun 28, 2025 | In contract | - | |
| In contract | |||
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Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20910299
Details provided by NTREIS and may not match the public record
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