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B+
NoAgentList RatingHow are grades calculated? Info

$565,000

2605 Waterstone Ln, Rockwall, TX, 75032

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,926 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$143.91 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Vented Exhaust Fan

Exterior

Lot Size15,072 sqft

Building Information

Year Built2009
Stories1
Garage Spaces2

Land Information

APN3685-000C-0011-00-0R
Lot Number11
SubdivisionFlagstone Estates
Land UseResidential
Legal DescriptionFLAGSTONE ESTATES, BLOCK C, LOT 11
Census Tract040503
Assessed Land Value$125,000
Assessed Improvement Value$528,990
Assessment Year2025

About this property

Nestled on a prime corner lot in the prestigious Flagstone Estates, this exquisite home offers the perfect blend of luxury and modern living. Featuring a spacious 3-car garage, the home is designed for both functionality and elegance. The updated kitchen is a chef’s dream, showcasing sleek granite countertops, stainless steel appliances, and ample cabinetry—ideal for both everyday living and entertaining. The open-concept living and dining areas flow seamlessly, leading to a hidden media room cleverly concealed behind a custom bookcase in the living room. This secret space is perfect for movie nights or quiet relaxation. The spa-inspired primary bathroom is a true retreat, offering a serene atmosphere with high-end finishes and luxurious details. The home also boasts a versatile game room, perfect for family fun or entertaining guests. With its exceptional design, modern updates, and unique features, this home is a rare find—don’t miss the opportunity to make it yours!

Investor Tools

Property Icon
$653,990
Estimated Property Value
$277,400Estimated Mortgage Balance
$497,863Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,924 /month
Positive
Cash Flow Estimate:
$1,308 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$936/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,963
$653,990
2025
$125,000
$528,990
$653,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,963
$653,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Securities Fsb
Unknown
$277,400
No
First
Nov 18, 2008
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$156,127
$497,863
76%
24%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$400/mo
+$2,610/mo
5.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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2605 Waterstone Ln | Property Details | No Agent List