When was property at 506 Terry Lane built and last sold?

The property at 506 Terry Lane was built in 1970 and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 506 Terry Lane is $1,515,000.

What are some comparable homes to 506 Terry Lane?

There are currently no comparable homes to 506 Terry Lane.

Heath

75032

506 Terry Lane

Sold on Aug 21, 2026

Map

$1,150,000

● Land - Off Market

506 Terry Lane

Heath, TX 75032

Studio

0 Bath

$7,366

Est. Monthly

About This Property

INCREDIBLE RARE WATERFRONT OPPORTUNITY to build your dream lakefront estate along the beautiful shores of Lake Ray Hubbard. Embrace the solitude provided by the lush canopy of trees, creating a sanctuary apart from nearby surroundings. ENVISION your picturesque private waterfront experience located on the open water with a private boat dock allowing you to effortlessly launch your boat and jet skis onto Lake Ray Hubbard. Lake Ray Hubbard provides the lakefront living you are looking for. The land is clear and ready to build your custom paradise.

Unit Size

Days on Market

Land Size

1.51 acres

Price per sqft

Property Type

Land

Property Taxes

HOA Dues

Year Built

1970

Payment Calculator

Cap Rate Calculator

Last updated: 3 months ago (NTREIS #20945180)

Price History

Date / Event	Date	Event
Aug 21, 2026	Sold	Premium
Sold
Aug 7, 2026	In contract	-
In contract
Mar 21, 2026	Price Decreased	$1,500,000 ↓ $300K (16.7%)
Price Decreased
Aug 12, 2025	Price Decreased	$1,800,000 ↓ $400K (18.2%)
Price Decreased
Jun 17, 2025	Price Decreased	$2,200,000 ↓ $300K (12%)
Price Decreased
May 22, 2025	Listed by Keller Williams Rockwall	$2,500,000
Listed by Keller Williams Rockwall

Property Highlights

Building Info

Overview

General

Year Built: 1970

Effective Year Built: 1977
Building Count: 1
Bedroom Count: 0
Building Condition: 0
Building Quality: 0
Construction Type: 0
Building Style: 0
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 3
Floor Count: 100
Living Units: 1
Floor Cover: 15
Basement Type: 0
Basement Area: 0
Garage Type: 3
Parking Space Count: 0
Patio Type: 5
Porch Type: 66
Pool Type: 0
Location Influence Type: 164

Dimensions

Lot Size Square Feet: 65,776

Total Building Area: 1,157
Gross Building Area: 1,337
Building Area: 1,157
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 1,157
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: E W TERRYS LAND
Land Acres: 0000001510
Standard Land Use Code: 1001
County Land Use Code: A3
State Land Use Code: A3
Legal Description 1: E W TERRYS LAND, LOT 8, ACRES 1.51, (FKA R11887)

Neighborhood

School District Name: Rockwall Independent School District

Census Tract: 040511

Geography

Assessors Map Reference: 322-G

Subdivision Tract Number: 8
Parcel: 58884
Lot: 8
Municipality: HEATH
Latitude: 32.8409
Longitude: -96.5014

Address

Full Address: 506 Terry Ln

Address - House Number: 506
Address - Street Name: Terry
Address - Suffix Type: Ln
State: TX
City Name: Rockwall
Carrier Code: R011
4-Digit Zip Code: 8810
Zip Code: 75032

Valuation

Tax

Tax Year: 2023

Tax Amount: $491,811
Initial Tax Delinquent Year: 2019
Tax Rate Code Area: SRW

Appraisal Valuation

Standard Deviation: 0.1627

Valuation Date: Jan 17, 2024
Confidence Score: 79
Final Value: 1,174,369
High Value: 1,365,550
Low Value: 983,187

Market Valuation

Market Total Value: $1,091,267

Market Land Value: $1,057,000
Market Improvement Value: $34,267

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $312,719

Exemptions

Senior Citizen Exemption : Yes

Homeowner Exemption: Yes

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Heath

Stats & Trends

Median Asking:

$850,000

Sale Price/ft²

$237

Below Asking

0.03%

Average Days on Market

Average Home Size

3891 ft²

Average Home Age

12.8 years

Currently For Sale

144 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

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4 Baths
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Unit for rent at 111 Reba Road, Heath, TX, 75032

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3 Baths
2,580 ft²

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Unit for rent at 116 Linda Lane, Heath, TX, 75032

$2,850 /mo

4 Beds
2 Baths
2,219 ft²

116 Linda Lane, Heath, TX, 75032 Listing by Shelley Dudley

Rentals Near You

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Listed by: Patty Turner, Keller Williams Rockwall
Last Updated: 3 months ago
Data Source: NTREIS MLS, MLS# 20945180
Details provided by NTREIS and may not match the public record