511 Lakeside Dr, Rockwall, TX 75032

$500,000
4
BD
2
BA
2,441
SqFt

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List Price
$500,000
MLS#
21263818
Status
ACTIVE
Type
Single Family Residential
Subtype
Residential
Style
Traditional, Detached
Year Built
2001
Construction Status
Preowned
Bedrooms
4
Full Baths
2
Acres
0.18
Living Area
2,441
County
Rockwall
City
Rockwall
Subdivision
Rockwall Lake Estate #1

Property Description

Welcome to a rare lakefront home nestled on the shores of Rockwall Lake! NO HOA! Immaculate 4 bedroom, 2 full bath home spans 2,441 SF and offers a seamless blend of lake living and investment potential. Built in 2001, it's move in ready fully furnished for a homeowner or an investor looking to capitalize on its established Airbnb success! Step outside to your private dock, perfect for fishing, kayaking, or soaking in serene lake views. The backyard transforms into an entertainer’s dream with a large covered attached patio, firepit, outdoor grills, dining areas, hammocks, and even a mini golf tee. The interior floorplan includes a downstairs living area with a pool table, while an upstairs loft doubles as a cozy media room and a bed for extra guests to enjoy. The chef’s kitchen is a showstopper with a large eat in kitchen island, electric range, built-in cabinetry, and adjacent dining area. The smart floorplan places all four bedrooms, including the primary suite, on the first floor, each outfitted with its own TV. Additional conveniences include a gated driveway, two car garage, and a full laundry room. Currently thriving as a high demand Lakefront STR, this property generates impressive income, averaging $500night for 1 guests and $20extra per person on the nightly rate or average $7K per month with full occupancy for STR. The home’s flexible STR terms allow you to continue the business or make it your own personal lakeside retreat. Most furnishings are included, with some negotiable extras like the pool table and downstairs TV. Situated just minutes from Rockwall Harbor and Lake Ray Hubbard, you’re never far from live music, fine dining, boating, and outdoor festivals. Whether you’re seeking a tranquil escape, a vibrant social scene, or a smart investment, this home checks every box. Plus, enjoy the low Rockwall property tax rate and highly regarded Rockwall ISD. Incredible 5.25% FHA assumable rate option available for approved buyers.

Additional Information

Agent Name
Christopher Ohlig
Unexempt Taxes
$5,565
Lot Size
8,015
Lot Description
Back Yard, Cleared, Irregular Lot, Lawn, Landscaped, Native Plants, Other, Subdivision, Few Trees, Waterfront, Retaining Wall
Interior Features
Chandelier, Decorative Designer Lighting Fixtures, Double Vanity, Eat-In Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floor Plan, Pantry, Paneling Wainscoting, Cable TV, Vaulted/Cathedral Ceilings, Natural Woodwork, Walk-In Closet(s), Wired Audio
Flooring
Carpet, Tile, Tile
Foundation
Slab
Roof
Composition, Shingle
Stories
2
Pool Features
None
Exterior
Dock, Fire Pit, Lighting, Outdoor Grill, Outdoor Living Area, Private Entrance, Private Yard, Rain Gutters
Garage Spaces
2
Parking Garage
Additional Parking, Paved, Covered, Drive Through, Direct Access, Garage - Single Door, Driveway, Enclosed, Garage Faces Front, Garage, Garage Door Opener, Gated, Inside Entrance, Kitchen Level, Lighted, On Site, Secured
School District
Rockwall Isd
Elementary School
Amanda Rochell
Middle School
Cain
High School
Rockwall-Heath
Possession
CloseOfEscrow, Negotiable, SubjectToTenantRights
Community Features
Fishing, Lake, Putting Green

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Christopher Ohlig from Compass RE Texas, LLC. Contact: 972-532-6336