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Days174Days on Market
Views1view

$250,000

1633 Canyon Lake Rd, Rockwall, TX, 75032

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size41,469 sqft

Land Information

APN5386-000A-0003-00-0R
Lot Number3
Land UseVacant Lots/Tracts Non Waterfront
Legal DescriptionDISCOVERY LAKES PHASE 1 BLK A LOT 3
Census Tract040408
Assessed Land Value$150,000
Assessment Year2025

About this property

Seize the opportunity to create your custom-built dream home on this expansive .952-acre lot nestled in the new Discovery Lakes community in Rockwall, Texas. The lot is ideally situated within the esteemed Rockwall ISD. You'll be living the dream with Rockwall Harbor just 6.6 miles away and the downtown of Rockwall only 5.6 miles from your doorstep. Conveniently located minutes away from highways and shopping, your everyday needs are always within easy reach. Adding to the allure, the soon-to-be-unveiled Sapphire Bay Resort is a mere 10 miles away, promising new adventures just around the corner. This piece of land offers not just a place to build a home, but an unmatched lifestyle in an upcoming and exciting locale. Limited-Time Incentive: Buyer may receive a $2,000–$3,000 closing cost credit when using seller’s preferred lender.

Investor Tools

Property Icon
$248,000
Estimated Property Value
$0Estimated Mortgage Balance
$63,572Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

Interested in this property?

Deba Douglas

Regal, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$309/month
$1,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,474
$150,000
2025
$150,000
N/A
$150,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,474
$150,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The American National Bank Of Texas
Conventional
$195,500
No
First
May 26, 2023
Jun 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$184,428
$63,572
25%
74%
$1,173/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: Rockwall

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1633 Canyon Lake Rd | Property Details | No Agent List