INVESTOR OPPORTUNITY! Two income-producing properties offered together as a bundle, providing an excellent opportunity to add established rental properties to your portfolio near Lake Lewisville. Both homes feature 3 bedrooms, 2.5 baths, and 2-car garages, offering desirable layouts for long-term tenants.
721 Lone Ranger Trail is currently leased through February 28, 2027, at $1,600 per month, providing immediate rental income with an established tenant in place. 1009 Haystack is currently leased through May 2027 at $2,300 per month, offering additional dependable rental income.
Combined current rental income is $3,900 per month, or $46,800 annually. Conveniently located near Lake Lewisville with easy access to shopping, dining, recreation, and major roadways, these properties offer investors an opportunity to acquire two rental homes together with tenants and leases already in place. Offered as a package—ideal for investors seeking cash-flowing properties with existing rental income.
For sale
$685,000
2721 Lone Ranger Trl, Little Elm, TX 75068
--beds
--baths
1,958sqft
Multi Family
Built in 2005
-- sqft lot
$-- Zestimate®
$350/sqft
$50/mo HOA
What's special
- 28 days
- 215
- 6
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Christie Cannon 0456906 972-215-7747,
LPT Realty LLC 972-215-7747,
Austin Falls 0772355 540-915-5975,
LPT Realty LLC
Source: NTREIS,MLS#: 21381889
Facts & features
Interior
Heating
- Central, Fireplace(s)
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Some Gas Appliances, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Plumbed For Gas
Features
- Built-in Features, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Cable TV, Walk-In Closet(s)
- Flooring: Carpet, Tile
- Windows: Window Coverings
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total structure area: 1,958
- Total interior livable area: 1,958 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage Faces Front, Garage
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: Lighting, Private Yard, Rain Gutters
- Pool features: None, Community
- Fencing: Back Yard,Fenced,Privacy,Wood
Lot
- Size: 6,882 Square Feet
- Features: Interior Lot, Landscaped, Subdivision, Few Trees
Details
- Parcel number: R246942
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Separate Meters, Water Available, Cable Available
Community & HOA
Community
- Features: Fishing, Lake, Playground, Park, Pool, Trails/Paths, Curbs, Sidewalks
- Security: Smoke Detector(s)
- Subdivision: Stardust Ranch Ph 2
HOA
- Has HOA: Yes
- Services included: All Facilities, Association Management
- HOA fee: $299 semi-annually
- HOA name: Goodwin And Company
- HOA phone: 855-289-6007
Location
- Region: Little Elm
Financial & listing details
- Price per square foot: $350/sqft
- Tax assessed value: $386,385
- Annual tax amount: $7,577
- Date on market: 9/16/2026
- Listing terms: Cash,Conventional
- Road surface type: Dirt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2026 | Listed for sale | $685,000$350/sqft |
Source: NTREIS #21381889 Report a problem | ||
| 2/12/2026 | Listing removed | $2,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/20/2026 | Listed for rent | $2,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,577 +2.9% | $386,385 +3.5% |
| 2024 | $7,366 -8.1% | $373,343 -6.5% |
| 2023 | $8,014 +4.7% | $399,339 +18% |
| 2022 | $7,652 +37.7% | $338,543 +40.5% |
| 2021 | $5,559 -2.6% | $240,908 |
| 2020 | $5,705 -3.3% | $240,908 -1.4% |
| 2019 | $5,897 +0.6% | $244,354 +4.8% |
| 2018 | $5,865 +20.2% | $233,148 +5.5% |
| 2017 | $4,878 | $221,034 +11% |
| 2016 | $4,878 +20.4% | $199,089 +11.2% |
| 2015 | $4,053 | $179,055 +9.4% |
| 2014 | $4,053 | $163,615 +13.8% |
| 2013 | $4,053 | $143,803 +4.7% |
| 2012 | -- | $137,376 -3.5% |
| 2011 | -- | $142,413 -3.2% |
| 2010 | -- | $147,196 -1.6% |
| 2009 | -- | $149,650 -6.5% |
| 2007 | $3,907 -2.9% | $160,013 -1.2% |
| 2006 | $4,024 +679.3% | $161,884 +662.6% |
| 2005 | $516 | $21,227 |
| 2004 | -- | $21,227 |
| 2003 | -- | $21,227 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Stardust Ranch
Nearby schools
Schools provided by the listing agent
- Elementary: Cesar Chavez
- Middle: Jerry Walker,Colin Powell,Prestwick K-8 Stem
- High: Little Elm
- District: Little Elm ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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