7331 Faught Road
About This Property
Discover a rare 15-acre tract at 7331 Faught Road in Northlake, located in highly desirable Argyle ISD. This versatile property offers exceptional potential for residential development, land investment, a custom estate, or small commercial or industrial use (buyer to verify zoning). Tucked away from the hustle, the land delivers peaceful seclusion, wide-open space, and stunning sunset views, while remaining close to major growth corridors in North Texas.
The property includes an existing residence and multiple outbuildings, providing flexibility for rehab, redevelopment, or interim use. Ideal for builders, developers, investors, or visionaries seeking acreage in a rapidly expanding area.
Sold AS IS. Seller is an Estate. Recent survey is available in the MLS under Transaction Desk (TD). DentonCAD images show approximate boundaries. Buyers to perform all due diligence regarding property lines, zoning, land use, utilities, and taxes. If represented, BUYER AGENT MUST SHOW PROPERTY.
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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 |
|---|---|---|---|
| Jul 21, 2026 | No longer available | - | |
| No longer available | |||
| Jul 19, 2026 | Delisted | - | |
| Delisted | |||
| Jul 17, 2026 | Sold | ||
| Sold | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| Oct 31, 2025 | Relisted | $1,750,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017