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$585,000

706 Rainwater Road, Dallas, TX, 75218

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,563 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$228.25 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Convection Oven, Vented Exhaust Fan
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Covered Courtyard, Rain Gutters
Lot Size3.08 acres

Building Information

Year Built2020
Stories3
Roof Type172
Garage Spaces2

Land Information

APN00C81550000000008
Lot Number1
Land UseResidential
Legal DescriptionWHITE ROCK HIGHLANDS CONDOS BLK 1/7485 LTS 1-18 & COMMON AREA A-D ACS 3.077 UNIT 8 CE%5.55 INT202100265149 DD08312021 CO-DC
Census Tract012900
Assessment Year2025

About this property

Modern Living Near White Rock Lake—Without the Million-Dollar Price Tag! WOW! Welcome to 706 Rainwater, where high design meets everyday ease in the heart of East Dallas. Nestled between Lochwood and Old Lake Highlands, this newer construction home offers the luxury you'll love—just 1 mile from White Rock Lake and priced at $585,000. With over 2,500 sq ft across three sleek levels, this 3-bedroom, 2.5-bath home delivers more space than most—plus all the details that make life feel elevated. Soaring ceilings, natural light, rich hardwood floors, and a bold floating staircase set the tone the moment you step inside. The open-concept main level was made for real life—whether it’s weekday takeout or Saturday night hosting. The chef’s kitchen features a waterfall island, external vent hood, stainless appliances, huge storage closet and separate walk in pantry. The second floor gives you flexibility with two spacious bedrooms, a full bath, and a bonus living area—perfect for your home office, Peloton setup, with space for second private living area. The third-floor primary suite is your penthouse sanctuary, with a spa-like bath, soaking tub, oversized shower, dual vanities, luxury tile to ceiling, and a private covered balcony—ideal for sunrise coffee or a glass of wine after work. Outside, you'll enjoy a fenced front yard, the community dog park and green space. With an attached 2 car garage, quick access to Downtown, White Rock Lake, major highways, and your favorite brunch spots, this home gives you the style and freedom to live life on your terms. 706 Rainwater isn’t just a home—it’s the lifestyle upgrade you deserve!

Investor Tools

Property Icon
$591,250
Estimated Property Value
$0Estimated Mortgage Balance
$591,250Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,548 /month
Positive
Cash Flow Estimate:
$1,183 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,075/month
$35/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,941
$591,250
2025
N/A
N/A
$591,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,941
$591,250

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$591,250
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$35/mo
+$2,045/mo
4.2%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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