2675 Dowell Road
About This Property
Electricity is already on the property, and a water meter is located at the road, providing valuable infrastructure for future plans. Whether you're looking to build your dream home, create a small homestead, raise animals, or simply enjoy wide-open space and a slower pace of life, this acreage offers endless possibilities.
Enjoy the best of both worlds - peaceful country living with the convenience of being in Rockwall and served by Rockwall ISD. Properties offering this combination of acreage, existing improvements, utilities, fencing, and an established pond are a rare find.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 28, 2026 | Listed by Pioneer DFW Realty, LLC | $549,000 | |
| Listed by Pioneer DFW Realty, LLC | |||
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Nov 5, 2025 | In contract | - | |
| In contract | |||
| Nov 1, 2025 | Listed by CENTURY 21 Judge Fite Co. | $399,000 | |
| Listed by CENTURY 21 Judge Fite Co. | |||
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Fantastic opportunity to own nearly 7 acres of beautiful, unimproved land in the heart of Rockwall County! Located at 2675 Dowell Road, this 6.99-acre property offers the perfect setting to build your dream home, surrounded by peaceful countryside while still being just minutes from all the conveniences and amenities Rockwall has to offer. With an ideal balance of privacy and accessibility, this property feeds into the highly acclaimed Rockwall ISD, including the sought-after Heath High School. Whether you envision a luxury custom estate, hobby farm, or simply a quiet retreat with room to roam, the possibilities are endless. Enjoy the freedom of open space, mature surroundings, and the flexibility to design your own lifestyle. Acreage opportunities like this in Rockwall are becoming increasingly rare—don’t wait to make this incredible piece of land yours!
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| Jul 31, 2024 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017