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$875,000

1475 Wheelers Way, Rockwall, TX, 75032

PendingInfo
Beds4 Beds
Baths4 Bath
Baths3,800 Sq Ft
price_per_sqft$230.26 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Double Oven, Refrigerator
FlooringCarpet, Hardwood, Marble, Slate, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size1.50 acres

Building Information

Year Built2018
Stories1
Garage Spaces4

Land Information

APN3886-0008-0017-00-0R
Lot Number17
SubdivisionHigh Point Lake Estates Sect 2
Land UseResidential
Legal DescriptionHIGH POINT LAKE ESTATES SECT 2, BLOCK 8, LOT 17, ACRES 1.5
Census Tract040509
Assessed Land Value$207,000
Assessed Improvement Value$582,609
Assessment Year2025

About this property

Straight from the pages of a Southern Living magazine, this stunning Southern-inspired modern farmhouse blends timeless elegance with thoughtful design on a picturesque 1.5-acre treed lot in Rockwall. An extended driveway, lush landscaping, and a welcoming covered front porch create a memorable first impression. Inside, a herringbone brick entry opens to a dramatic living room featuring soaring vaulted ceilings with wood beams, a floor-to-ceiling fireplace, and an elegant iron staircase. with numerous scenic outdoor views through wood French style windows. The open-concept living, dining, and kitchen spaces are ideal for entertaining while maintaining a warm, inviting feel. French doors open to the expansive backyard surrounded by mature trees. The thoughtfully designed gourmet kitchen offers an oversized island, open dish shelves, built-in workstation or desk, farmhouse sink, double ovens, gas cooktop, and an abundance of cabinetry and prep space. The spacious open laundry room with sink, drip-dry area opens to the oversized walk-in pantry which is conveniently located at the garage entrance for easy grocery drop off. The split floor plan includes two secondary bedrooms on the main level with an ensuite bath, plus a powder bath for guests. The luxurious primary suite is filled with natural light and tranquil views. Its custom walk-in closet includes built-in workspace and extensive storage, while the spa-inspired bath features a marble walk-in shower, extended double vanity, and dedicated 2nd laundry area. Upstairs, a private guest suite offers an ensuite bath and walk-in closet. A secondary staircase leads to an expansive game and movie room, complete with charming dormer windows and cozy reading alcoves. Exceptional craftsmanship, designer finishes, and unmistakable Southern charm make this extraordinary home a rare luxury offering.

Investor Tools

$449,735Estimated Mortgage Balance
$373,202Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,250 /month
Positive
Cash Flow Estimate:
$1,750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$980/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,655
$789,609
2025
$207,000
$582,609
$789,609
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,655
$789,609

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$510,400
No
First
Jun 8, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$449,735
$339,874
43%
55%
$3,061/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$3,961/mo
$-1,651/mo
3.4%

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: Rockwall

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1475 Wheelers Way | Property Details | No Agent List