$1,200,000
●
Land -
Off Market
433 Terry Lane
Heath, TX 75032
Studio
0 Bath
$7,182
Est. Monthly
About This Property
1.01 AC LAKEFRONT LOT - Enter a world of pure nature and serenity,
hidden away in the trees on Million Dollar Row, amidst some of the
most refined homes and estates in Heath, TX, this property offers
an ideal canvas for creating your exclusive lakeside estate. Within
a 35-minute drive to the working hubs of Dallas and Collin
Counties, convenience meets serenity. Embrace the solitude provided
by the lush canopy of trees and the abundance of wildlife, fish,
and nature, creating a sanctuary apart from nearby surroundings.
Relish your picturesque, private waterfront experience with the
included take-line, providing an extra half acre of land. Envision
the possibility of constructing a private boathouse or effortlessly
launching your boat at the nearby Terry Park. Located in the
sought-after community of Rockwall, TX, often awarded by Money
Magazine as one of the top ten places to live.
Unit Size
-
Days on Market
-
Land Size
1.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
$823
HOA Dues
-
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 years ago (NTREIS #20514072)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2024 | Sold | ||
| Sold | |||
| Aug 18, 2024 | In contract | - | |
| In contract | |||
| Jan 17, 2024 | Listed by Keller Williams Realty DPR | $1,295,000 | |
| Listed by Keller Williams Realty DPR | |||
| Oct 21, 2023 | No longer available | - | |
| No longer available | |||
| May 27, 2023 | Listed by Guildford LTD dba Keller Williams Realty | $1,795,000 | |
| Listed by Guildford LTD dba Keller Williams Realty | |||
| | |||
|
LAKEFRONT LOT - Enter a world of pure nature and serenity, nestled away on a private cove of Lake Ray Hubbard. Situated in one of the most prominent areas of Heath, known as Million Dollar Row with its very refined homes and estates, lies this wonderful piece of paradise. Close proximity, just 35 minutes to popular working areas of Dallas and Collin Counties. Surrounded by trees to provide privacy and seclusion away from area surroundings. Enjoy just over 1 acre of flat land prime for building your private estate, plus just under half an acre of take-line extending down to the lake for you to enjoy. Looking for a place to drop your boat in for a cruise on the lake? Build a private boathouse in your own backyard, or easily drop in just minutes away at Terry park. Located in the wonderful community of Rockwall, Tx, that has made Money Magazine's #4 spot of best places to live and listed in other publications many times over. You won't find a better place to call home.
| |||
Property Highlights
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 Crystal Shores
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Emily Copple, Keller Williams Realty DPR
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20514072
Details provided by NTREIS and may not match the public record
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20514072
Details provided by NTREIS and may not match the public record
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017