Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$650,000

119 Timber Cove Place, Heath, TX, 75032

PendingInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.00 acres

Land Information

APN5388-000A-0034-00-0R
Lot Number34
Land UseResidential
Legal DescriptionRIDGE LAKES PHASE TWO BLK A LOT 34
Census Tract040508
Assessed Land Value$394,387
Assessment Year2025

About this property

Set atop the highest elevation in the prestigious Ridge Lakes community, this exceptional one-acre homesite offers a rare blend of privacy, prominence, and panoramic night views stretching toward the Dallas skyline. As the highest point in the neighborhood, the property delivers unmatched sightlines, sunsets, and a commanding sense of arrival an ideal canvas for a truly custom estate. This owner-owned lot provides complete flexibility, allowing the buyer to bring their own builder and architectural vision to life without restriction. Whether designing a modern masterpiece or a timeless luxury retreat, this homesite offers the freedom and scale to create something extraordinary. Ridge Lakes is one of Heath’s most sought-after communities, known for its spacious lots, refined atmosphere, and proximity to Lake Ray Hubbard. Located just minutes from Rockwall, residents enjoy effortless access to upscale dining, shopping, and entertainment while remaining within convenient reach of Downtown Dallas. With Rockwall County experiencing rapid residential and commercial growth, this area continues to attract discerning buyers seeking space, luxury, and long-term value. Opportunities to secure a premier, elevated lot in Ridge Lakes are increasingly rare making this offering as strategic as it is stunning.

Investor Tools

$0Estimated Mortgage Balance
$644,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$663/month
$1,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,737
$394,387
2025
$394,387
N/A
$394,387
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,737
$394,387

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$644,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Heath

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

119 Timber Cove Place | Property Details | No Agent List