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
Main property image
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$525,000

1395 Waters Edge Dr, Rockwall, TX, 75087

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,282 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$230.06 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting
Lot Size11,326 sqft

Building Information

Year Built2021
Stories1
Garage Spaces2

Land Information

APN3256-000A-0002-00-0R
Lot Number2
SubdivisionCaruth Lake Phase 6
Land UseResidential
Legal DescriptionCARUTH LAKE PHASE 6, BLOCK A, LOT 2
Census Tract040202
Assessed Land Value$150,000
Assessed Improvement Value$344,267
Assessment Year2025

About this property

Discover this beautifully updated home offering a functional and flexible floorplan that can easily convert into a true 4-bedroom layout. The dedicated office features a closet, window, and hallway access—ideal for a future bedroom, private workspace, or flex room to fit your needs. Step inside to find numerous upgrades throughout, including rich hardwood floors, plantation shutters, custom wall treatments, and a stunning granite kitchen perfect for everyday living or entertaining. The spacious living area is anchored by a large stone fireplace with an extended hearth, adding warmth and character to the home. Step outside to your own backyard paradise—complete with a large sparkling pool, relaxing spa, and a Texas-sized covered patio designed for year-round enjoyment. Privacy fencing and mature landscaping create a serene escape right at home. Located just minutes from Historic Downtown Rockwall, you’ll enjoy easy access to shopping, dining, entertainment, and major highways for convenient commuting. Nestled in the sought-after, family-friendly community of Caruth Lakes, residents enjoy multiple scenic lakes, walking trails, parks, playgrounds, and a community pool. This home seamlessly combines comfort, versatility, and an unbeatable location—everything today’s buyers are looking for.

Investor Tools

Property Icon
$511,000
Estimated Property Value
$286,000Estimated Mortgage Balance
$226,240Estimated Equity
44% 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?

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
$751/month
$289/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,452
$494,267
2025
$150,000
$344,267
$494,267
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,452
$494,267

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Canopy Mortgage Llc
Unknown
$286,000
No
First
Feb 27, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$284,760
$226,240
44%
56%
$1,715/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$2,004/mo
+$306/mo
5.4%

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: Rockwall

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

1395 Waters Edge Dr | Property Details | No Agent List