1713 Highland Dr W · Keller, TX 76262

$690,000

5 bd · 3.5 ba · 2,760 sqft · Land · 191 Days on market

Built 2025 7,013 sqft lot $250/sqft · 16% below area Est $824k · 16% under

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +14.8/15.0
• Cash flow +5.8/30.0
• Schools +4.8/10.0
• Livability +4.1/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• DSCR +0.2/10.0
• 1% rule +0.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOTIVATED SELLER! Welcome to this modern farmhouse in North Keller, Texas, located in the highly sought-after Keller ISD and just minutes from premier shopping, dining, and parks throughout Keller and Southlake. This beautifully designed new construction home in Keller TX blends sophisticated modern finishes with the warmth and comfort today’s buyers are searching for. Step inside to rich hardwood floors flowing throughout most of the main level, creating an inviting and elegant first impression. The formal living room and spacious family room feature soaring two-story ceilings and dramatic floor-to-ceiling windows, filling the home with natural light and showcasing serene backyard views—perfect for entertaining or everyday living. The chef’s kitchen is designed for both functionality and style. A large quartz waterfall island anchors the space and offers abundant prep and seating areas. Highlights include a gas range, walk-in pantry, extensive cabinetry, and additional storage closet ideal for small appliances or cleaning supplies. The bright breakfast nook overlooks the backyard, providing a welcoming space for casual dining. The first-floor primary suite offers a peaceful retreat with spa-inspired features including dual vanities, a freestanding soaking tub, separate walk-in shower, LED-lit mirror, and a spacious walk-in closet designed for optimal organization. Working from home is effortless with the dedicated main-floor office, complete with hardwood flooring, privacy doors, and a large picture window that brings in natural light. Upstairs, four additional bedrooms and two full bathrooms provide flexibility for family, guests, or hobby spaces. Located in one of the most desirable areas of North Keller real estate, this home offers convenient access to top-rated Keller ISD schools, parks, shopping, and dining, making it an ideal choice for buyers seeking luxury homes in Keller TX with modern farmhouse style. Schedule your private showing today!

Key facts

• Rich hardwood floors
• Two story ceilings
• 7,013 sq ft lot

Tags

• NEW BUILD MODERN FARMHOUSE
• RICH HARDWOOD FLOORS
• TWO STORY CEILINGS
• FLOOR TO CEILING WINDOWS
• LARGE QUARTZ TOPPED ISLAND
• WATERFALL EDGE COUNTERTOP

What this means for you Summary

Snapshot

• This is a 5-bed/3.5-bath land listed at $690k.

Deal economics

• At list price, monthly cash flow is $-1k ($-16k/yr) — negative.
• To cash-flow at today's rent, offer at most $448k (35.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $349k (49.4% below list).
• Recommended offer: $349k (49.4% below list) — sets the bar for 1% rule.
• Cap rate 3.9% vs local median 2.4% in Keller — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#15 in TX, #1,130 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, employment A+; Watch: commute F, cost of living F.
• Keller ISD (urban): math 50% / reading 54% proficiency, ranked #91 of 826 in TX (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 19% free/reduced lunch — higher-income household profile.
• Zoned schools: Florence El (math 57% / reading 67%, grade B, #321 of 4,322 statewide, top 8%, 489 students, 11% FRL); Keller Middle (math 68% / reading 70%, grade A, #69 of 1,662 statewide, top 4%, 921 students, 10% FRL); Keller H S (math 68% / reading 83%, grade A-, #78 of 1,632 statewide, top 5%, 3,089 students, 8% FRL).
• Zoned-school proficiency averages 69% at this address vs 52% district-wide (+17 pts) — the actual schools serving this property are materially stronger than the Keller ISD average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents flat; 384 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 18,938 units permitted in Tarrant County in 2024 (8,336 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $21k of value loss. Plan a longer hold.
• Tarrant County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 191 days — a 12% lower offer ($607k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y ago; this cycle's ask has dropped $45k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $348,846 (49.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 191 days. Have you received any prior offers? Is the seller open to a 49% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.51% ✗
• Cap rate: 3.91%
• Cash-on-cash: -8.52%
• DSCR: 0.62
• GRM: 16.5

CMA / ARV

• ARV (median comp): $823,728
• List price: $690,000
• Delta: -16.23%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.29% rent growth · sell at horizon

5-year hold

• IRR: -33.9%
• Equity multiple: -0.08×
• Total profit: $-208,787
• Equity at exit: $102,881

10-year hold

• IRR: -58.6%
• Equity multiple: -0.72×
• Total profit: $-331,700
• Equity at exit: $59,659

Cash invested: $193,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 76262

• Home prices YoY: -30.5%
• Rents YoY: 0.3%
• Active inventory: 384
• Price-to-rent: 16.5×

Monthly cashflow live

• Estimated rent: $3,488 medium
• Mortgage (P&I): −$3,618
• Tax from tax record: −$222 /mo · $2,662/yr
• Insurance: −$288
• HOA: −$0
• Vacancy / Maint / Mgmt: −$733
• Net cashflow: $-1,372

Break-even live

Break-even rent $5,225

Max offer price $447,655

Occupancy floor —

Sensitivity live

Price	-10% $-981	-5% $-1,177	+0% $-1,372	+5% $-1,567	+10% $-1,762
Rent	-10% $-1,647	-5% $-1,510	+0% $-1,372	+5% $-1,234	+10% $-1,096
Rate	-1.0pp $-1,024	-0.5pp $-1,196	base $-1,372	+0.5pp $-1,551	+1.0pp $-1,733

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $172,500
• Closing costs: $20,700
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1840 Highland Dr E Keller, TX	4.0	3.5	2670	$3,950	$1.48	45d	1	0.12mi
1201 Melissa Dr Keller, TX	4.0	3.5	3480	$10,950	$3.15	24d	1	0.24mi
1201 Melissa Dr Unit 1019650P Keller, TX	4.0	3.5	3476	$22,603	$6.50	24d	1	0.24mi
5924 Janet Ct Westlake, TX	4.0	3.0	2587	$8,300	$3.21	4d	1	0.43mi

Listing history 31 events

1. 2026-06-21
   days on market $690,000 Active 191 DOM
2. 2026-06-18
   days on market $690,000 Active 188 DOM
3. 2026-06-17
   days on market $690,000 Active 187 DOM
4. 2026-06-16
   days on market $690,000 Active 186 DOM
5. 2026-06-15
   statusdays on market $690,000 Active 185 DOM
6. 2026-06-13
   statusdays on market $690,000 Pending 183 DOM
7. 2026-06-04
   days on market $690,000 Active 181 DOM
8. 2026-06-03
   days on market $690,000 Active 180 DOM
9. 2026-06-02
   days on market $690,000 Active 179 DOM
10. 2026-06-01
    days on market $690,000 Active 178 DOM
11. 2026-05-31
    days on market $690,000 Active 177 DOM
12. 2026-04-22
    price $690,000 2017-char remark

    Show marketing remark (2017 chars)

    MOTIVATED SELLER! Welcome to this modern farmhouse in North Keller, Texas, located in the highly sought-after Keller ISD and just minutes from premier shopping, dining, and parks throughout Keller and Southlake. This beautifully designed new construction home in Keller TX blends sophisticated modern finishes with the warmth and comfort today’s buyers are searching for. Step inside to rich hardwood floors flowing throughout most of the main level, creating an inviting and elegant first impression. The formal living room and spacious family room feature soaring two-story ceilings and dramatic floor-to-ceiling windows, filling the home with natural light and showcasing serene backyard views—perfect for entertaining or everyday living. The chef’s kitchen is designed for both functionality and style. A large quartz waterfall island anchors the space and offers abundant prep and seating areas. Highlights include a gas range, walk-in pantry, extensive cabinetry, and additional storage closet ideal for small appliances or cleaning supplies. The bright breakfast nook overlooks the backyard, providing a welcoming space for casual dining. The first-floor primary suite offers a peaceful retreat with spa-inspired features including dual vanities, a freestanding soaking tub, separate walk-in shower, LED-lit mirror, and a spacious walk-in closet designed for optimal organization. Working from home is effortless with the dedicated main-floor office, complete with hardwood flooring, privacy doors, and a large picture window that brings in natural light. Upstairs, four additional bedrooms and two full bathrooms provide flexibility for family, guests, or hobby spaces. Located in one of the most desirable areas of North Keller real estate, this home offers convenient access to top-rated Keller ISD schools, parks, shopping, and dining, making it an ideal choice for buyers seeking luxury homes in Keller TX with modern farmhouse style. Schedule your private showing today!

13. 2026-03-06
    price $724,900 2017-char remark

    Show marketing remark (2017 chars)

    MOTIVATED SELLER! Welcome to this modern farmhouse in North Keller, Texas, located in the highly sought-after Keller ISD and just minutes from premier shopping, dining, and parks throughout Keller and Southlake. This beautifully designed new construction home in Keller TX blends sophisticated modern finishes with the warmth and comfort today’s buyers are searching for. Step inside to rich hardwood floors flowing throughout most of the main level, creating an inviting and elegant first impression. The formal living room and spacious family room feature soaring two-story ceilings and dramatic floor-to-ceiling windows, filling the home with natural light and showcasing serene backyard views—perfect for entertaining or everyday living. The chef’s kitchen is designed for both functionality and style. A large quartz waterfall island anchors the space and offers abundant prep and seating areas. Highlights include a gas range, walk-in pantry, extensive cabinetry, and additional storage closet ideal for small appliances or cleaning supplies. The bright breakfast nook overlooks the backyard, providing a welcoming space for casual dining. The first-floor primary suite offers a peaceful retreat with spa-inspired features including dual vanities, a freestanding soaking tub, separate walk-in shower, LED-lit mirror, and a spacious walk-in closet designed for optimal organization. Working from home is effortless with the dedicated main-floor office, complete with hardwood flooring, privacy doors, and a large picture window that brings in natural light. Upstairs, four additional bedrooms and two full bathrooms provide flexibility for family, guests, or hobby spaces. Located in one of the most desirable areas of North Keller real estate, this home offers convenient access to top-rated Keller ISD schools, parks, shopping, and dining, making it an ideal choice for buyers seeking luxury homes in Keller TX with modern farmhouse style. Schedule your private showing today!

14. 2025-12-05
    listed $734,999 Active 2017-char remark

    Show marketing remark (2017 chars)

    MOTIVATED SELLER! Welcome to this modern farmhouse in North Keller, Texas, located in the highly sought-after Keller ISD and just minutes from premier shopping, dining, and parks throughout Keller and Southlake. This beautifully designed new construction home in Keller TX blends sophisticated modern finishes with the warmth and comfort today’s buyers are searching for. Step inside to rich hardwood floors flowing throughout most of the main level, creating an inviting and elegant first impression. The formal living room and spacious family room feature soaring two-story ceilings and dramatic floor-to-ceiling windows, filling the home with natural light and showcasing serene backyard views—perfect for entertaining or everyday living. The chef’s kitchen is designed for both functionality and style. A large quartz waterfall island anchors the space and offers abundant prep and seating areas. Highlights include a gas range, walk-in pantry, extensive cabinetry, and additional storage closet ideal for small appliances or cleaning supplies. The bright breakfast nook overlooks the backyard, providing a welcoming space for casual dining. The first-floor primary suite offers a peaceful retreat with spa-inspired features including dual vanities, a freestanding soaking tub, separate walk-in shower, LED-lit mirror, and a spacious walk-in closet designed for optimal organization. Working from home is effortless with the dedicated main-floor office, complete with hardwood flooring, privacy doors, and a large picture window that brings in natural light. Upstairs, four additional bedrooms and two full bathrooms provide flexibility for family, guests, or hobby spaces. Located in one of the most desirable areas of North Keller real estate, this home offers convenient access to top-rated Keller ISD schools, parks, shopping, and dining, making it an ideal choice for buyers seeking luxury homes in Keller TX with modern farmhouse style. Schedule your private showing today!

15. 2025-10-31
    historical
16. 2025-09-06
    price $749,900
17. 2025-07-31
    listed $759,900 Active
18. 2023-10-30
    soldstatus Closed
19. 2023-10-24
    status Pending
20. 2023-10-16
    historical Active Option Contract
21. 2023-08-22
    price $155,000
22. 2023-08-22
    status Active
23. 2023-08-21
    status Pending
24. 2023-05-05
    listed $149,000 Active
25. 2022-12-31
    historical
26. 2022-02-15
    price $180,000
27. 2021-09-27
    soldstatus
28. 2021-07-14
    listed $150,000 Active
29. 2021-01-21
    soldstatus
30. 1992-05-06
    soldstatus
31. 1987-07-08
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $2,662 · $222/mo
• Projected year-2 tax: $12,627 · $1,052/mo
• Expected delta: +$9,965/yr (+$830/mo · 374.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $41,862
• − Mortgage interest: −$38,651
• − Property taxes: −$2,662
• − Insurance: −$3,450
• − Repairs & maintenance: −$3,349
• − Management: −$3,349
• − Depreciation: −$20,073
• Taxable loss: −$29,672
• Est. tax savings @ 24.0%: +$7,121
• After-tax cash flow: $-9,341/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Keller ISD
• NCES district ID: 4825260
• Math proficiency: 50% ▼ -14.00%
• Reading proficiency: 54% ▼ -9.00%
• Median HH income: $92,106
• Composite: 48.46/100
• National rank: #2131
• State rank: #91 of 826 in TX

Livability — Keller

• Score: 82/100
• State rank: #15
• US rank: #1130

Category grades

Amenities A+ Commute F Cost of living F Crime A+ Employment A+ Housing A+ Health & safety A User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Keller, TX
• County: Denton County · 901,654 people
• City population: 40,936
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 43,620
• Household income: $151,250
• Rent vs Own: 26.7% rent · 73.3% own
• Severe rent burden: 704.0

Population outlook (Tarrant County) Hauer SSP2

• Today (2025): 2,380,417 people
• By 2030: 2,578,900 · +8.3%
• By 2040: 2,974,995 · +25.0%
• By 2050: 3,350,489 · +40.8%
• By 2075: 4,216,909 · +77.2%
• By 2100: 4,741,527 · +99.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Hispanic / Latino 15% Two or more races 12% Asian 7% Black 5%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Slovak 3% Italian 3% Romanian 2%
• Foreign-born: 12% · Canada, South Korea, Vietnam
• Languages at home: 83% English-only · Spanish 8% Other Indo-European 3% Other Asian/Pacific 1%

Political lean MEDSL · Tarrant

• 2024 margin: Lean R (+5.1) · D 46.7% · R 51.9% · Other 1.4%
• 2008→2024 swing: +6.6pp toward D · 2008: -11.7pp · 2024: -5.1pp
• All cycles: 2024: R+5.1 2020: D+0.2 2016: R+8.7 2012: R+15.7 2008: R+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -119.49%
• Current HPI: 272.8582
• Rent YoY: ▲ 0.29%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+360.0% since first listed

20 events — show timeline

• 2026-04-22 Price Changed $690,000 NTREIS
• 2026-03-06 Price Changed $724,900 NTREIS
• 2025-12-05 Listed $734,999 NTREIS
• 2025-10-31 Listing Removed — NTREIS
• 2025-09-06 Price Changed $749,900 NTREIS
• 2025-07-31 Listed $759,900 NTREIS
• 2023-10-30 Sold (MLS) — NTREIS
• 2023-10-24 Pending — NTREIS
• 2023-10-16 Contingent — NTREIS
• 2023-08-22 Price Changed $155,000 NTREIS
• 2023-08-22 Relisted — NTREIS
• 2023-08-21 Pending — NTREIS
• 2023-05-05 Listed $149,000 NTREIS
• 2022-12-31 Listing Removed — NTREIS
• 2022-02-15 Price Changed $180,000 NTREIS
• 2021-09-27 Sold (Public Records) — Public Records
• 2021-07-14 Listed $150,000 NTREIS
• 2021-01-21 Sold (Public Records) — Public Records
• 1992-05-06 Sold (Public Records) — Public Records
• 1987-07-08 Sold (Public Records) — Public Records

Property tax history

+12.9%/yr

Latest (2025): $2,662 · -1.2% YoY. Source: county tax records.