Prestonwood, located between Preston Road and the Dallas North Tollway, is a residential and golf-adjacent Dallas neighborhood with winding cul-de-sacs and mature tree canopies. The neighborhood’s energy concentrates around the Preston Road and Belt Line Road crossroads, where patios, polished storefronts, and late-day traffic set a brisk, suburban-urban rhythm. Mid-century ranch homes and larger rebuilds share wide lots, giving streets a layered, lived-in look. Prestonwood Country Club anchors the landscape with fairway views and a clubhouse presence. Nearby, Addison Circle Park adds a town-green feel for walks and seasonal gatherings. The Galleria Dallas corridor brings design-forward shopping and dining into the orbit without changing the quiet street grid.
Provided by Walk Score and Local Logic
Market insights
5981 Arapaho Rd · $199,900
DAYS ON MARKET
46 days
The average home goes pending in 83 days.
SALE-TO-LIST
95.7%
Most homes are selling 4% below list price.
LIST PRICE
$199,900
Median sale price in this area is $259,487. (30% higher than this home)
PRICE DROP
1 price drop
24% of homes in this area have had a price drop in the past month.
Property details
Exterior
Exterior features
Located in the Far North Dallas subdivision
Home design
Single-family property built in 1980
Construction
Built in 1980
Sale and tax history for 5981 Arapaho Rd
Sale History
Tax History
Date
Event
Price
FSBO.com #cms3rt4ff05hns601az6tj601
Aug 31, 2026
Price Changed
$199,900
$201/sq ft
Jul 28, 2026
Listed
$215,000
$216/sq ft
SHOWMOJO #2
Aug 17, 2026
Rental Removed
$1,250
$1/sq ft
Aug 15, 2026
Price Changed
$1,250
$1/sq ft
Jul 11, 2026
Listed for Rent
$1,300
$1/sq ft
APPFOLIO #1
Aug 22, 2026
Listed for Rent
$1,250
$1/sq ft
Apr 1, 2026
Rental Removed
$1,600
$2/sq ft
Jan 6, 2026
Price Changed
$1,600
$2/sq ft
Dec 4, 2025
Listed for Rent
$1,700
$2/sq ft
Nov 11, 2025
Rental Removed
$1,700
$2/sq ft
Jun 21, 2025
Price Changed
$1,700
$2/sq ft
Jun 12, 2025
Price Changed
$1,850
$2/sq ft
Jun 10, 2025
Listed for Rent
$2,000
$2/sq ft
Public Records
Jul 22, 2005
Sold
*
Public Records
Mar 13, 1992
Sold
*
Year
Property tax
Land + Additions
Assessment*
2025
$3,668 (−0.4%)
$27,270 + $137,470
$164,740
2024
$3,682 (+24.9%)
$27,270 + $137,470
$164,740
2023
$2,948 (−8.2%)
$27,270 + $101,180
$128,450
2022
$3,212 (+10.6%)
$27,270 + $101,180
$128,450
2021
$2,904 (−2.8%)
$27,270 + $82,830
$110,100
2020
$2,987 (−0.8%)
$27,270 + $82,830
$110,100
2019
$3,010 (−0.6%)
$27,270 + $82,830
$110,100
2018
$3,028 (+39.2%)
$20,460 + $85,970
$106,430
2017
$2,176 (+17.2%)
$20,460 + $59,550
$80,010
2016
$1,856 (+23.0%)
$20,460 + $59,550
$80,010
2015
$1,509 (+1.7%)
$20,460 + $47,800
$68,260
2014
$1,484 (+0.3%)
$19,090 + $35,230
$54,320
2013
$1,479
$19,090 + $35,230
$54,320
2012
$1,478 (−12.3%)
$19,090 + $35,230
$54,320
2011
$1,685 (+9.0%)
2010
$1,546
2009
$1,546
Public record
Public record
Zoning
Permits
Beds
—
Baths
1
Stories
2
Lot width
—
Lot depth
—
Lot size
—
Year renovated
1980
Finished Sq. Ft.
734
Unfinished Sq. Ft.
—
Total Sq. Ft.
734
Year built
1980
Style
Condo/Co-op
County
Dallas County
APN
00C82450000100607
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 1, 2026.
MF-1(A)
Multifamily District 1
The MF-1(A) districts are composed mainly of areas containing mixtures of single family, duplex, and multifamily dwellings and certain uniformly developed multifamily dwelling sections. These districts are medium density districts and are located in certain areas close into the center of the city and at various outlying locations. The area regulations are designed to protect the residential character and to prevent the overcrowding of the land by providing minimum standards for building spacing, yards, off-street parking, and coverage. All commercial and office uses are prohibited. It is anticipated that additional areas may be designated in the MF-1(A) district from time to time in the future where the change is appropriate and access and utility services can reasonably accommodate these medium density dwellings. Additionally, the district is created to encourage the provision of affordable housing.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Office
Golf related
Agriculture-Cropland
Park & open space
May 26, 2026 • Active
Residential mechanical
Replace a 2 ton heating and air conditioning system.
HVAC
Nov 21, 2025 • Active
Residential plumbing
Install a new electric water heater.
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Dallas is a city where location can dramatically shape the experience, with each area offering its own mix of architecture, dining, entertainment, and accessibility. One thing I always encourage buyers to consider is how they’ll actually move around...