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$625,000

2300 Water Way, Rockwall, TX, 75087

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,392 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.26 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Uncovered Courtyard
Lot Size10,280 sqft

Building Information

Year Built2005
Stories1
Garage Spaces3

Land Information

APN3974-000F-0009-00-0R
Lot Number9
SubdivisionHillside Ph 4 The Shores
Land UseResidential
Legal DescriptionHILLSIDE PH 4 (THE SHORES), BLOCK F, LOT 9
Census Tract040101
Assessed Land Value$131,300
Assessed Improvement Value$485,636
Assessment Year2025

About this property

Welcome to this beautifully updated home in the family friendly community of The Shores. You will appreciate the close proximity to all the community amenities such as the pools, tennis courts, golf course, dining, club house and fitness center, all located just outside the back gate. Upon entering this home, you will immediately notice the open floor plan and be greeted by the hardwood floors that run throughout the entire first story along with plantation shutters covering the large windows with loads of natural light. The gorgeous, fully renovated kitchen opens up to the living room, offering a great space perfect for cooking and entertaining friends and family. Upstairs offers a large game room, two secondary bedrooms and an extensive bonus room above the garage that it is heated and cooled and the perfect flex space to use as you wish. Outside features include a large flagstone patio, professional landscaping, and large driveway with an over-sized three-car garage.

Investor Tools

Property Icon
$616,936
Estimated Property Value
$0Estimated Mortgage Balance
$616,936Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,115/month
$385/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,299
$616,936
2025
$131,300
$485,636
$616,936
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,299
$616,936

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$616,936
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$385/mo
+$1,925/mo
4.5%

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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