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916 Banyan Tree Lane
About This Property
The open and inviting main living areas provide plenty of space for everyday living and entertaining, complemented by a modern kitchen and stylish finishes throughout. A versatile space at the front of the home can easily serve as a home office or whatever best fits your needs. All 5 bedrooms are generously sized, including a first-floor primary suite with a well-appointed ensuite bath and ample closet space.
Upstairs, a separate loft area adds even more versatility, while a spacious flex room offers the perfect opportunity for a media room, game room or additional living space. Of the 4 bedrooms upstairs, one could also make a great home office or kids' playroom. Two full bathrooms serve the upstairs, including a convenient Jack-and-Jill bath.
Outside, enjoy a quaint backyard with a covered patio and tree-lined view, ideal for relaxing or entertaining.
Ideally situated in the heart of the action, this home offers convenient access to shopping, dining, entertainment and major thoroughfares throughout Richardson and the surrounding Dallas area. With its generous square footage, flexible living spaces, newer construction and convenient location, 916 Banyan Tree is ready to welcome you home!
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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 17, 2026 | Listed by Ebby Halliday, Realtors | $774,000 | |
| Listed by Ebby Halliday, Realtors | |||
| Jun 3, 2024 | Sold | ||
| Sold | |||
| Feb 21, 2024 | Listed by Douglas Elliman Real Estate | $839,000 | |
| Listed by Douglas Elliman Real Estate | |||
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New construction just complete! Beautiful drive-up to a transitional elevation, constructed with the utmost craftmanship. Primary bedroom downstairs, vaulted ceilings in the living room, large game room & media room, flex room that could be used for an office or guest bedroom making it a total of 5 bedrooms. Private backyard, Hardwood flooring, granite countertops, and stunning designer finish-outs. Seller and preferred lender incentives available!
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| Jan 5, 2022 | Listed by Douglas Elliman Real Estate | $825,000 | |
| Listed by Douglas Elliman Real Estate | |||
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New construction just complete!
Serene Global is offering you an opportunity to be 1 of only 34 families to call this gated community HOME! Beautiful drive-up to a transitional elevation, constructed with the utmost craftmanship.Primary bedroom downstairs, vaulted ceilings in the living room, large gameroom & media room, flex room that could be used for an office or guest bedroom making it a total of 5 bedrooms. Private backyard, Hardwood flooring, granite countertops, and stunning designer finish-outs. Seller and preferred lender incentives available!
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| Aug 3, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017