$339,700
●
Land -
For Sale
321 Smirl Drive
Heath, TX 75032
Studio
0 Bath
$1,710
Est. Monthly
$42
HOA / Fees
About This Property
Estate Home Build Site in the Heart of Heath. Rare opportunity to
own or develop remaining one of 4 remaining lots in Le Ruisseau in
the Heart of Heath, Dallas' Luxury Bedroom Community. Ideal for
personal custom homes or luxury spec estate homes. Lot is over 1.5
Acres. Additional 3 lots MLS numbers 21324499, 21324510 and
21324520 could be purchased along with this lot as a package deal
for the right terms. Contact Listing Agent for details. Buyer to
verify all information. Buyer to pay all applicable rollback taxes.
Unit Size
-
Days on Market
-
Land Size
1.59 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$42
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 months ago (NTREIS #21324170)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 7, 2026 | Listed by Coldwell Banker Realty | $339,700 | |
| Listed by Coldwell Banker Realty | |||
| Jun 29, 2026 | No longer available | - | |
| No longer available | |||
| Apr 24, 2026 | Listed by My Castle Realty | $339,700 | |
| Listed by My Castle Realty | |||
   | |||
|
Looking for the perfect place to build your forever home? Welcome to Le Ruisseau in Heath TX. Le Ruisseau covers a total of 43 acres that has been subdivided into 17 spectacular home locations at a price point per acre you have to see to believe. This lot is 1.5 Acre and sits just a half mile from beautiful Lake Ray Hubbard. This property provides you with a rare opportunity to settle in a very tranquil location and still be just steps away from numerous outdoor activities. Whether you’re boating, fishing, walking by the lake or simply having a picnic at the park it’s all at your fingertips. Le Ruisseau is conveniently located to shopping, dining, entertainment, and excellent schools making this location truly one of kind in Heath.
| |||
| Apr 8, 2026 | No longer available | - | |
| No longer available | |||
| Oct 7, 2025 | Listed by My Castle Realty | $339,700 | |
| Listed by My Castle Realty | |||
| | |||
|
Looking for the perfect place to build your forever home? Welcome to Le Ruisseau in Heath TX. Le Ruisseau covers a total of 43 acres that has been subdivided into 17 spectacular home locations at a price point per acre under 200,000. This lot is 1.5 Acre and sits just a half mile from beautiful Lake Ray Hubbard. This property provides you with a rare opportunity to settle in a very tranquil location and still be just steps away from numerous outdoor activities. Whether you’re boating, fishing, walking by the lake or simply having a picnic at the park it’s all at your fingertips. Le Ruisseau is conveniently located to shopping, dining, entertainment, and excellent schools making this location truly one of kind in Heath.
| |||
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Property Highlights
Exterior Details
Lot Features: Acreage
Lot Size Area: 1.585
Lot Size Units: Acres
Lot Size Acres: 1.585
Lot Size Square Feet: 69042.6
Tax Lot: 13
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Management Fees
HOA Fee: $500
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Heath
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Listed by: Aidan Flores, Coldwell Banker Realty
Last Updated: 3 months ago
Data Source: NTREIS MLS, MLS# 21324170
Details provided by NTREIS and may not match the public record
Last Updated: 3 months ago
Data Source: NTREIS MLS, MLS# 21324170
Details provided by NTREIS and may not match the public record
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