5805 Red Wolf Lane
About This Property
Anchored by a stunning one-level Austin-stone main residence with 12,335 square feet of living space under standing seam metal roof, the estate is perfectly positioned above a spring-fed creek and private one-acre lake stocked with bass and catfish. The land itself is a masterpiece: 30+ feet of elevation changes, native wildflower meadows, limestone outcroppings, and over 100 hand-selected trees curated by Southern Botanical and The Hocker Group. Sunken, lighted tennis court (2021), resort-style negative edge heated pool with underwater windows, and boathouse fishing dock add to outdoor lifestyle offerings.
The main home features soaring 20+ foot ceilings with expansive living areas that flow out to resort-worthy verandas with drop down screens. A gourmet kitchen and separate prep areas are outfitted with top-of-the-line appliances, while a 678-bottle wine cellar and bar-equipped game room offer unmatched entertainment value. The award-winning 20-seat home theater with an immersive 3D audio system designed by HomeTronics delivers a cinematic experience beyond comparison.
Other amenities include: 9-car, climate-controlled garages and workshop, two-bedroom attached guest house, geothermal HVAC, tornado shelter, lightning protection system, and irrigation drawn from 1,800 ft water well. 18,668 feet total under roof. The Collin and Denton county line bisects the estate which enables Plano Schools while the homesite enjoys the Denton CAD tax rate. This estate is ideal for executives, athletes, or those seeking unmatched serenity in this central location.
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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 |
|---|---|---|---|
| May 12, 2025 | Sold | ||
| Sold | |||
| Apr 26, 2025 | Listed by Dave Perry Miller Real Estate | $15,900,000 | |
| Listed by Dave Perry Miller Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017