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B+
NoAgentList RatingHow are grades calculated? Info
Days36Days on Market
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$500,000

511 Lakeside Drive, Rockwall, TX, 75032

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,441 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.83 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan, Washer, Other
FlooringCarpet, Ceramic Tile, Tile

Exterior

Exterior FeaturesDock, Fire Pit, Rain Gutters, Lighting, Outdoor Grill, Private Entrance, Private Yard
Lot Size8,015 sqft

Building Information

Year Built2001
Stories1
Garage Spaces1

Land Information

APN5370-000A-0141-00-0R
Lot Number141
SubdivisionRockwall Lake Est #1
Land UseResidential
Legal DescriptionROCKWALL LAKE EST #1, BLOCK A, LOT 141
Census Tract040503
Assessed Land Value$46,000
Assessed Improvement Value$307,270
Assessment Year2025

About this property

Welcome to a rare lakefront home nestled on the shores of Rockwall Lake! NO HOA! Immaculate 4 bedroom, 2 full bath home spans 2,441 SF and offers a seamless blend of lake living and investment potential. Built in 2001, it's move in ready fully furnished for a homeowner or an investor looking to capitalize on its established Airbnb success! Step outside to your private dock, perfect for fishing, kayaking, or soaking in serene lake views. The backyard transforms into an entertainer’s dream with a large covered attached patio, firepit, outdoor grills, dining areas, hammocks, and even a mini golf tee. The interior floorplan includes a downstairs living area with a pool table, while an upstairs loft doubles as a cozy media room and a bed for extra guests to enjoy. The chef’s kitchen is a showstopper with a large eat in kitchen island, electric range, built-in cabinetry, and adjacent dining area. The smart floorplan places all four bedrooms, including the primary suite, on the first floor, each outfitted with its own TV. Additional conveniences include a gated driveway, two car garage, and a full laundry room. Currently thriving as a high demand Lakefront STR, this property generates impressive income, averaging $500night for 1 guests and $20extra per person on the nightly rate or average $7K per month with full occupancy for STR. The home’s flexible STR terms allow you to continue the business or make it your own personal lakeside retreat. Most furnishings are included, with some negotiable extras like the pool table and downstairs TV. Situated just minutes from Rockwall Harbor and Lake Ray Hubbard, you’re never far from live music, fine dining, boating, and outdoor festivals. Whether you’re seeking a tranquil escape, a vibrant social scene, or a smart investment, this home checks every box. Plus, enjoy the low Rockwall property tax rate and highly regarded Rockwall ISD. Incredible 5.25% FHA assumable rate option available for approved buyers.

Investor Tools

Property Icon
$392,000
Estimated Property Value
$0Estimated Mortgage Balance
$77,782Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

Interested in this property?

Christopher Ohlig

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$630/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,604
$353,270
2025
$46,000
$307,270
$353,270
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,604
$353,270

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Equity Prime Mortgage Llc
Fha
$334,823
Yes
First
Jan 17, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$314,218
$77,782
19%
80%
$2,008/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$2,008/mo
+$302/mo
7.1%

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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511 Lakeside Drive | Property Details | No Agent List