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Owner Contacts

$539,929

117 Deep Water Court, Heath, TX, 75126

$632,144 ARV

Pending

4 Beds

3 Bath

2,612 Sq Ft

Single Family Residence

$206.71 / sqft

Built in 2025

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms 3

AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater, Vented Exhaust Fan

FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters

Lot Size13,286 sqft

Building Information

Garage Spaces3

Land Information

APN3894-000A-0042-00-0R

Lot Number42

Land UseVacant Lots/Tracts Non Waterfront

Legal DescriptionHEATH GOLF & YACHT CLUB PH 4 TRACT 12 BLK A LOT 42

Assessed Land Value$130,000

Assessment Year2024

About this property

**NEW $40,000 PRICE REDUCTION!! WAS $579,929...NOW $539,929!! ALSO OFFERING...10K TOWARDS GOLF INITIATION FEE + 12 MONTHS OF DUES OR 10K TOWARDS A GOLF CART FROM GRAPEVINE GOLF CARTS OR $10K TOWARDS CLOSING COSTS!!!** DON'T MISS THESE SPECIAL LIMITED-TIME PROMOTIONS!! This beautiful 4-bedroom, 2.5-bathroom, two-story home, built by Altura Homes, is ready for immediate move-in. Located in the sought-after Heath Golf and Yacht Club community, this home offers a spacious open-concept living area and a gourmet kitchen featuring modern appliances and elegant granite countertops. The luxurious master suite includes a private bath, and three additional bedrooms provide ample space for family or guests. Features a large game room upstairs and a separate office down. The property also boasts a 3-car garage, offering plenty of storage for all your needs. Residents of this community enjoy access to world-class amenities, including a golf course, yacht club, and breathtaking lakeside views, ensuring a lifestyle that combines luxury and comfort. Located the highly rated Rockwall ISD!

Investor Tools

$0Estimated Mortgage Balance

$858,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$632,144

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,148 /month

Positive

Cash Flow Estimate:

$1,716 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$358/month

$555/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$130,000

2024

$130,000

N/A

$130,000

Tax History

Year

Tax Paid

Assessed Value

2023

N/A

$130,000

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$858,000

100%

$0/mo

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.

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