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$235,000

140 Falcon Point Drive, Heath, TX, 75032

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size34,282 sqft

Land Information

APN3626-000A-0004-00-0R
Lot Number4
SubdivisionFalcon Point Ph 2
Land UseResidential
Legal DescriptionFALCON POINT PH 2, BLOCK A, LOT 4
Census Tract040508
Assessed Land Value$240,000
Assessment Year2025

About this property

Rare opportunity to own a spacious 0.79-acre corner lot in the highly desirable Falcon Point community in Heath, TX. Nestled in an established luxury neighborhood, this homesite offers the perfect balance of privacy, space, and convenience—ideal for building your custom dream home or securing a long-term investment in one of DFW’s most sought-after lake-adjacent markets.   Located just minutes from Lake Ray Hubbard, this property provides easy access to waterfront dining, marinas, scenic trails, and outdoor recreation, while still being a short drive to shopping, dining, and major commuting routes into Dallas.   Zoned to Rockwall-Heath ISD, known for its strong academic reputation, this lot is positioned for both lifestyle and long-term value.   Bring your own builder and design a home tailored to your vision—whether that’s a modern estate, traditional build, or something entirely unique. With surrounding homes approaching the $800K–$1M+ range, the upside potential is clear for both end users and investors looking to capitalize on Heath’s continued growth. If you’ve been waiting for the right lot to build in Heath, this is one of the few remaining options that checks both the lifestyle and investment boxes.

Investor Tools

$65,947Estimated Mortgage Balance
$174,053Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

Interested in this property?

Lora Karacic

Monument Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$382/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,384
$240,000
2025
$240,000
N/A
$240,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,384
$240,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homebank Texas
Unknown
$80,500
No
First
Aug 7, 2017
Aug 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$65,947
$174,053
72%
27%
$483/mo

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: Heath

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