




$499,000
$524,000
1140 Monterra Way, Fate, TX, 75087
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THIS IS THE ONE, BEST VALUE IN THE NEIGHBORHOOD!! NEW ROOF (2026). REFRIGERATOR INCLUDED. ASSUMABLE FHA LOAN AT 3.99% FOR QUALIFIED BUYERS. SUBJECT TO LENDER APPROVAL. Welcome to 1140 Monterra Way, where modern farmhouse elegance meets everyday comfort in the highly sought-after Monterra community and Rockwall ISD. Built by K. Hovnanian the Frankfurt floor plan, this beautifully designed home offers 4 bedrooms, 2.5 baths, and 2,825 sq ft of thoughtfully crafted living space. From the moment you step inside, you'll be captivated by the warm, inviting atmosphere and stylish finishes that make this home truly special. Just off the entry, a private home office with charming double barn doors provides the perfect space for working remotely, studying, or creating a quiet retreat. An additional activity room near the secondary bedrooms offers flexibility for a playroom, media space, home gym, or hobby room. At the heart of the home, the expansive great room showcases stunning wood ceiling beams and seamlessly connects to the dining area and gourmet kitchen, creating an ideal setting for gathering with family and friends. The kitchen is a dream for both everyday living and entertaining, featuring a large center island, abundant cabinetry, and designer finishes that blend beauty with functionality. The private primary suite is thoughtfully tucked away at the rear of the home, creating a peaceful sanctuary. Unwind after a long day in the luxurious ensuite bath, complete with a freestanding soaking tub, separate shower, and spa-inspired ambiance.Step outside and enjoy the oversized covered patio, perfect for morning coffee, weekend barbecues, or relaxing evenings under the Texas sky. Newly planted trees along the back fence line will continue to mature, providing additional privacy and enhancing the outdoor living experience. Beyond the home itself, Monterra offers a lifestyle you'll love with convenient access to I-30, shopping, dining, grocery stores, and major retail.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Fate
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