A rare opportunity to own one of the last remaining estate-sized waterfront parcels on Lake Ray Hubbard. Located just 10 miles from George Bush Freeway, this exceptional property offers approximately 427 feet of lake frontage, deep water, and spectacular unobstructed views of the lake and Dallas skyline. Create a picturesque setting for a custom lakefront estate, while the expansive acreage provides ample room for horses, barns, an arena, and more. With generous shoreline and deep-water access, the property offers an ideal setting for a private boat dock or boathouse and effortless enjoyment of life on the water. Experience the best of both worlds—peaceful country and equestrian living combined with the beauty and recreation of Lake Ray Hubbard—all within minutes of major freeways, shopping, dining, and entertainment. Currently benefiting from an agricultural exemption, this remarkable property presents an increasingly rare opportunity to create a truly one-of-a-kind lakefront estate.
Lot/land
$7,995,000
480 Terry Ln, Heath, TX 75032
--beds
--baths
8.05Acres
Unimproved Land
Built in ----
8.05 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Generous shorelineDeep-water access
- 22 days
- 588
- 45
Zillow last checked:
Listing updated:
Listed by:
Eric Narosov 0721495 214-529-1282,
Allie Beth Allman & Assoc. 214-521-7355,
Alex Perry 0539273 214-926-0158,
Allie Beth Allman & Assoc.
Source: NTREIS,MLS#: 21391455
Facts & features
Interior
Video & virtual tour
Property
Features
- Has view: Yes
- View description: Water
- Has water view: Yes
- Waterfront features: Lake Front, Waterfront
- Body of water: Ray Hubbard
Lot
- Size: 8.05 Acres
- Features: Acreage, Back Yard, Interior Lot, Lawn, Level, Subdivided, Waterfront, Retaining Wall
Details
- Parcel number: 000000058877
- Zoning description: Single Family Residence
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Septic Available, Water Available
Community & HOA
Community
- Subdivision: E W Terrys Land
HOA
- Has HOA: No
Location
- Region: Heath
Financial & listing details
- Tax assessed value: $3,260,000
- Annual tax amount: $51,950
- Date on market: 9/24/2026
- Cumulative days on market: 23 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2026 | Listed for sale | $7,995,000+188.6% |
Source: NTREIS #21391455 Report a problem | ||
| 11/12/2020 | Listing removed | $2,770,000 |
Source: Rockwall/Heath/Lake Ray Hubbard Office #14297322 Report a problem | ||
| 3/12/2020 | Listed for sale | $2,770,000 |
Source: Ebby Halliday Realtors #14297322 Report a problem | ||
| 2/2/2020 | Listing removed | $2,770,000 |
Source: Ebby Halliday Realtors #14035554 Report a problem | ||
| 10/1/2019 | Listed for sale | $2,770,000-0.3% |
Source: Ebby Halliday Realtors #14035554 Report a problem | ||
| 4/2/2019 | Listed for sale | $2,777,000 |
Source: Ebby Halliday Realtors #14035554 Report a problem | ||
| 3/2/2019 | Listing removed | $2,777,000 |
Source: Ebby Halliday Realtors #13850491 Report a problem | ||
| 5/14/2018 | Listed for sale | $2,777,000 |
Source: Ebby Halliday, REALTORS #13838896 Report a problem | ||
| 11/13/2017 | Listing removed | $2,777,000 |
Source: Ebby Halliday, REALTORS #13402685 Report a problem | ||
| 7/2/2016 | Listed for sale | $2,777,000-6.6% |
Source: Ebby Halliday Realtors #13402676 Report a problem | ||
| 11/24/2015 | Price change | $2,974,000+7.2% |
Source: Coldwell Banker Residential Brokerage - Rockwall #13214350 Report a problem | ||
| 7/6/2015 | Price change | $2,774,000+22.2% |
Source: Owner Report a problem | ||
| 6/28/2015 | Listed for sale | $2,270,000 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $43,404 +13% | $2,723,760 +20% |
| 2024 | $38,403 +29.1% | $2,269,800 +20% |
| 2023 | $29,747 -8.7% | $1,891,500 +4.4% |
| 2022 | $32,567 -0.4% | $1,811,000 +6.6% |
| 2021 | $32,709 | $1,698,300 +48.9% |
| 2020 | -- | $1,140,430 +3% |
| 2019 | -- | $1,106,830 +1848.3% |
| 2018 | $143 -53.9% | $56,810 -7.2% |
| 2017 | $311 -36.7% | $61,195 +7.6% |
| 2016 | $492 | $56,850 -6% |
| 2015 | $492 | $60,490 -2.7% |
| 2014 | $492 | $62,150 -7% |
| 2013 | -- | $66,810 |
| 2012 | -- | $66,810 |
| 2011 | -- | $66,810 |
| 2010 | -- | $66,810 |
| 2009 | -- | $66,810 |
| 2008 | -- | $66,810 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 75032
Nearby schools
Schools provided by the listing agent
- Elementary: Linda Lyon
- Middle: Cain
- High: Rockwall-Heath
- District: Rockwall ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





