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$869,000

506 Meadowview Rd, Heath, TX, 75032

$985,274 ARVInfo
Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,160 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$208.89 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Convection Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size1 acre

Building Information

Year Built1998
Stories2
Garage Spaces4

Land Information

APN4360-000B-0005-00-0R
Lot Number5
SubdivisionMeadowlake Farm Est
Land UseResidential
Legal DescriptionMEADOWLAKE FARM EST, BLOCK B, LOT 5, ACRES 1
Census Tract040511
Assessed Land Value$300,000
Assessed Improvement Value$620,883
Assessment Year2025

About this property

Tucked away in one of Heath’s established neighborhoods, this classic two-story brick home offers the space, setting, and freedom that are increasingly hard to find. Situated on a full acre with no HOA, this property delivers the perfect blend of privacy, functionality, and timeless curb appeal — complete with a backyard pool ready for Texas summers. Inside, the floor plan offers room to spread out with multiple living and dining areas, including a formal sitting room, spacious living room, dining room, breakfast nook, and an upstairs family room. The kitchen is centrally located with easy access to the breakfast area, main living space, pantry, laundry room, and garage — creating a practical everyday flow while still allowing for defined spaces throughout the home. The upstairs layout features a generous primary suite with an oversized bath and walk-in closet, along with additional bedrooms, baths, and a large secondary family room that provides flexible space for a game room, media area, homework zone, or second living retreat. With bedrooms thoughtfully separated from the main entertaining areas, the home offers both comfort and functionality for everyday living. Outside, the one-acre lot gives you room to breathe, entertain, garden, play, or simply enjoy the peaceful setting. The pool adds a true backyard focal point, while the established trees and tucked-away neighborhood feel create a sense of privacy without sacrificing convenience. Located in sought-after Heath, this property offers space, charm, and flexibility — with no HOA restrictions — all in a setting that feels quietly removed yet close to everything. A rare opportunity to own an acre, a pool, and a timeless home in one of Heath’s most desirable established areas.

Investor Tools

Property Icon
$920,883
Estimated Property Value
$0Estimated Mortgage Balance
$920,883Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$985,274
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,525 /month
Positive
Cash Flow Estimate:
$1,842 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,196/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,744
$920,883
2025
$300,000
$620,883
$920,883
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,744
$920,883

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$920,883
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
N/A
+$3,010/mo
3.9%

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: Heath

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506 Meadowview Rd | Property Details | No Agent List