1333 Falcon Dr, Grand Prairie, TX, 75051
About This Home
One of a kind opportunity to own this home with unlimited potential for extra income as an Airbnb-VRBO, Multi-Generational Family use or Guest quarters. This beautifully updated home sits on an oversized double lot, featuring a 3 bedroom main home plus FOUR additional tenant or guest units all on the same property. Currently operating as a successful short-term rental with two units already leased -one through March and another through October- for immediate income potential. Three units are attached and one is a stand alone guest home. *PROPERTY HIGHLIGHTS* Main residence plus 4 extra tenant or guest units on one large lot, ideal for multi-generational living, house hacking, or investor seeking multiple income streams. Spacious double lot with generous yard space and mature surroundings, offering room to relax, garden, or further enhance outdoor amenities. Gated rear access with extra parking in the back, perfect for multiple vehicles, guests, or short-term rental turnover days. Dedicated storage unit equipped with a full washer and dryer for guest or tenant use, adding convenience. What to expect-Main home has 3 bedrooms, a game room, dining, living room. Guest house has a loft bedroom with living room and kitchen. Upstairs guest has two bedrooms and full bathroom *one room used to have a kitchen so can easily be added back* Downstairs attached is a two bedroom with living room and kitchen. Smaller unit is a studio with bedroom, living room combo with kitchen. Information is deemed reliable but it's up to the buyer and buyer’s agent to verify all zoning, STR restrictions, permitting, and tenant lease details. Showings require advance notice to respect current occupants and guests.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2008
Type & Style
- Home type: SingleFamily
- Architectural style: Detached
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Disposal
- Laundry features: Common Area,Laundry in Utility Room
Bedroom
- Level: Second
- Dimensions: 0 x 0
Bedroom
- Level: Third
- Dimensions: 0 x 0
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
Bonus Room
- Level: Second
- Dimensions: 0 x 0
Dining Room
- Level: First
- Dimensions: 0 x 0
Features
- Decorative/Designer Lighting Fixtures,High Speed Internet,Kitchen Island,Loft,Pantry,Cable TV
Interior Area
- Total interior livable area: 3,723 sqft
Kitchen
- Features: Pantry
- Level: First
- Dimensions: 0 x 0
Living Room
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 0 x 0
Master Bedroom
- Level: Second
- Dimensions: 0 x 0
Property
Details
- Parcel number: 006113475A0090000
- Attached to another structure: Yes
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Patio & porch: Covered
- Fencing: Back Yard,Gate,High Fence,Wood
Lot
- Lot size: 0.36 Acres
- Lot size dimensions: 115520
Parking
- Total spaces: 2
- Parking features: Additional Parking,Door-Multi,On Site,On Street
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Heat Wave
- Tornado
- Cold Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,210 | $38,520 |
| Home Insurance * | $546 | $6,552 |
| Property Taxes | $733 | $8,796 |
| Electricity | $408 | $4,905 |
| Total | $4,897 | $58,764 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-02 | Listed for sale | $635,000 |
| 2024-10-30 | Listing removed | $655,000 |
| 2024-09-30 | Listed for sale | $655,000 |
| 2024-09-15 | Listing removed | $655,000 |
| 2024-08-16 | Price change | $660,000 |
| 2024-08-01 | Listed for sale | $675,000 |
| 2014-07-15 | Sold | -- |
| 2014-06-07 | Pending sale | $155,559 |
| 2014-05-10 | Price change | $155,559 |
| 2014-04-02 | Listed for sale | $159,515 |
For Sale by Agent
View on Zillow