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$1,895,000

121 Blue Heron Ln, Heath, TX, 75032

PendingInfo
Beds4 Beds
Baths5 Bath
Baths6,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$315.83 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Range, Microwave, Convection Oven, Double Oven, Tankless Water Heater, Other
FlooringCarpet, Marble, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Courtyard, Fire Pit, Gas Grill, Rain Gutters, Lighting, Outdoor Kitchen, Outdoor Shower, Permeable Paving, Uncovered Courtyard, Outdoor Grill, Garden
Lot Size33,803 sqft

Building Information

Year Built1995
Stories1
Roof Type172
Garage Spaces4

Land Information

APN4935-000A-0036-0R-0R
Lot Number36R
SubdivisionShepherds Highlands Phase One
Land UseResidential
Legal DescriptionSHEPHERDS HIGHLANDS PHASE ONE, BLOCK A, LOT 36R, (REPLAT 2010)
Census Tract040510
Assessed Land Value$247,500
Assessed Improvement Value$1,449,480
Assessment Year2025

About this property

Under Contract with same buyer twice, past inspection and option period, fell out due to personal reasons with buyer! Tucked behind the gates of one of Heath’s most coveted luxury communities with stunning views of Lake Ray Hubbard, 121 Blue Heron Lane feels less like a home and more like a private retreat. Surrounded by nearly an acre of lush greenbelt and serene water views, this French Château inspired estate offers a level of privacy and tranquility rarely found so close to Dallas, just 25 minutes away. The first impression is striking. Manicured grounds, an elegant fountain, and timeless architecture create a setting at once grand and intimate. Inside, the home unfolds with warmth and sophistication, where natural light pours through expansive windows, framing peaceful views and creating a seamless connection to the outdoors. Life here is centered around experience. Mornings begin with coffee overlooking the water and the quiet beauty of the 10 acre pond and protected wildbird nature preserve just beyond your backyard. Afternoons invite peaceful walks through the surrounding greenspace, and evenings are designed for gathering, whether hosting elevated dinners or simply unwinding in your own private escape. The setting offers a rare connection to nature while maintaining a sense of refined exclusivity. The outdoor living is where this estate truly shines. Designed for both relaxation and entertaining, the backyard delivers a true resort style experience with a heated pool and spa, fire and water features, an outdoor kitchen, and multiple spaces to lounge and dine while taking in the natural surroundings. It is the kind of setting that makes everyday living feel like a getaway. Inside, the thoughtful layout offers both privacy and flexibility, with multiple living spaces, luxurious bedroom retreats, and accommodations ideal for guests or multigenerational living. Every detail supports a lifestyle that feels elevated yet effortless.

Investor Tools

$2,274,824Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,730 /month
Positive
Cash Flow Estimate:
$3,910 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,965/month
$2,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$25,804
$1,696,980
2025
$247,500
$1,449,480
$1,696,980
No

Tax History

Year
Tax Paid
Assessed Value
2024
$25,804
$1,696,980

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$1,225,000
No
First
Sep 29, 2022
Oct 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,274,824
N/A
0%
116%
$14,690/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$17,190/mo
$-14,880/mo
1.4%

Learn About the Market: Opportunity in Texas

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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.

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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

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121 Blue Heron Ln | Property Details | No Agent List