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.
Lot/land
$1,500,000
506 Terry Ln, Heath, TX 75032
--beds
--baths
1.51Acres
Improved Land
Built in ----
1.51 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Lush canopy of trees
- 414 days |
- 355 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
Patty Turner 0426347 972-772-7000,
Keller Williams Rockwall 972-772-7000
Source: NTREIS,MLS#: 20945180
Facts & features
Interior
Property
Features
- Fencing: None
- On waterfront: Yes
- Waterfront features: Lake Front, Waterfront
- Body of water: Ray Hubbard
Lot
- Size: 1.51 Acres
- Features: Interior Lot, Few Trees, Waterfront, City Lot, Retaining Wall
Details
- Additional structures: None
- Parcel number: 000000058884
- Zoning description: Residential
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Separate Meters, Water Available
Community & HOA
Community
- Subdivision: E W Terrys Land
HOA
- Has HOA: No
Location
- Region: Heath
Financial & listing details
- Tax assessed value: $1,920,000
- Annual tax amount: $5,820
- Date on market: 5/23/2025
- Cumulative days on market: 415 days
- Listing terms: Cash,Conventional,1031 Exchange
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
$2,246/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/21/2026 | Price change | $1,500,000-16.7% |
Source: NTREIS #20945180 Report a problem | ||
| 8/12/2025 | Price change | $1,800,000-18.2% |
Source: NTREIS #20945180 Report a problem | ||
| 6/16/2025 | Price change | $2,200,000-12% |
Source: NTREIS #20945180 Report a problem | ||
| 5/23/2025 | Listed for sale | $2,500,000 |
Source: NTREIS #20945180 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,361 -19.5% | $378,390 +10% |
| 2024 | $1,690 -0.2% | $343,991 +10% |
| 2023 | $1,694 -47.9% | $312,719 +10% |
| 2022 | $3,254 | $284,290 +10% |
| 2021 | $3,254 | $258,445 +10% |
| 2020 | $3,254 | $234,950 +3% |
| 2019 | -- | $228,070 -53.2% |
| 2018 | $3,254 -0.8% | $487,020 +1.4% |
| 2017 | $3,280 0% | $480,290 -0.8% |
| 2016 | $3,281 | $484,340 +161.5% |
| 2015 | $3,281 | $185,190 -0.7% |
| 2014 | $3,281 | $186,440 +1.8% |
| 2013 | -- | $183,160 -0.6% |
| 2012 | -- | $184,340 -0.6% |
| 2011 | -- | $185,530 +0.6% |
| 2010 | -- | $184,390 -0.6% |
| 2009 | -- | $185,570 -0.6% |
| 2008 | -- | $186,750 -0.3% |
| 2007 | -- | $187,340 -0.4% |
| 2006 | -- | $188,130 +1.5% |
| 2005 | -- | $185,280 +0.6% |
| 2004 | -- | $184,140 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 75032
Nearby schools
GreatSchools rating
- 8/10Linda Lyon Elementary SchoolGrades: PK-6Distance: 2.8 mi
- 8/10Maurine Cain Middle SchoolGrades: 7-8Distance: 3.8 mi
- 7/10Rockwall-Heath High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Amy Parks-Heath
- Middle: Cain
- High: 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.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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- Texas
- Rockwall County
- Heath
- 75032
- 506 Terry Ln
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