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$525,000

1351 Coastal Drive, Rockwall, TX, 75087

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,211 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$237.45 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size10,237 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN3975-000K-0032-00-0R
Lot Number32
SubdivisionHillside Ph 5 The Shores
Land UseResidential
Legal DescriptionHILLSIDE PH 5 (THE SHORES), BLOCK K, LOT 32
Census Tract040101
Assessed Land Value$131,300
Assessed Improvement Value$347,668
Assessment Year2025

About this property

Step onto the charming tree-shaded front porch of this desirable corner lot home, framed by beautiful stone retaining walls, mature landscaping & glimpses of Lake Ray Hubbard. With convenient lake access nearby, the fabulous amenities of Rockwall Golf & Athletic Club, and a beautifully shaded back yard, this one story home offers the opportunity to enjoy the outdoors! Hardwood flooring flows throughout the home, creating a warm & inviting atmosphere. Just off the entry, a private study with French doors offers an ideal workspace with peaceful lake views. A separate dining room is perfect for holiday gatherings. The beautifully updated kitchen features quartz countertops, updated lighting, updated appliances, a five-burner gas cooktop, & a large breakfast bar for dining. A built-in desk makes meal planning or homework so convenient. The refrigerator, washer, dryer & garage refrigerator stay with the home. Large windows provide beautiful backyard views. The spacious family room features a stunning stone fireplace with gas logs. The laundry room offers built-in cabinetry, while the oversized garage provides abundant storage. The primary suite is a private retreat featuring 2 separate walk-in closets, a luxurious bath with double vanities, a deep soaking tub & large shower. Adjoining the primary suite is a versatile room, currently used as additional living space but originally designed as a 4th bedroom. This flexible area could serve as a nursery, workout room, or be converted back to a 4th bedroom. 2 additional bedrooms share a full bath with a large vanity. Outdoors, you'll find a truly spectacular backyard shaded by mature trees & designed for year-round enjoyment. The expanded patio features two retractable shades, creating a perfect private setting. An adorable storage shed offers endless possibilities as a workshop, garden shed, or charming “she-shed.” Completing the outdoor space is an updated fence. Bonus: Potential assumable va loan for qualified buyers.

Investor Tools

Property Icon
$478,968
Estimated Property Value
$0Estimated Mortgage Balance
$103,422Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

Interested in this property?

Dell Osborn

Ebby Halliday, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$764/month
$420/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,769
$478,968
2025
$131,300
$347,668
$478,968
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,769
$478,968

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Umortgage Llc
Va
$381,120
Yes
First
Jul 14, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$375,546
$103,422
21%
78%
$2,286/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,706/mo
+$304/mo
7.5%

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.

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: Rockwall

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1351 Coastal Drive | Property Details | No Agent List