Price Reduction - Waterfront
Address
511 Lakeside Drive, Rockwall, TX
Price
$ 475,000
Property Attributes
- MLS#21263818
- TypeSingle Family
- Listing Status Active
- CountyROCKWALL
- CityRockwall
- NeighborhoodRockwall Lake Estate #1
- Zip75032
- StyleTraditional
- Year Built2001
- Taxes$ 5565
- Price$ 475,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2441
- Lot Size0.184 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
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.
| Elementary School |
|---|
| Amanda Rochell Elementary School |
| Price History | |
|---|---|
| 5/11/2026 | Listed $500,000 |
| 8/26/2026 | 5$475,000 |
General Features
| Heating | Central,Electric |
|---|---|
| Cooling | Ceiling Fan(s),Central Air,Electric,Roof Turbine(s) |
| Utilities | All Weather Road,Cable Available,City Sewer,City Water,Concrete,Electricity Available,Electricity Connected,Phone Available,Sewer Available,Underground Utilities |
| Possession | Closing/Funding,Negotiable,Subject to Lease |
| Roof | Composition,Shingle |
| Appliances | Dishwasher,Disposal,Dryer,Electric Range,Electric Water Heater,Microwave,Refrigerator,Vented Exhaust Fan,Washer,Other |
| Easements | Drainage,Utilities,Other |
| Number of Garage Spaces | 2 |
| Restrictions | Easement(s) |
| School District | Rockwall ISD |
| Exclusions | Pool table,80 TV located downstairs is excluded but available for purchase. |
| Year Built | 2001 |
| Architectural Style | Traditional |
| Community Features | Fishing,Lake |
| Levels | Two |
| Unexempt Taxes | 5565 |
| Will Subdivide | No |
| Property Subtype | Single Family Residence |
| Subdivision Name | Rockwall Lake Estate #1 |
| Transaction Type | For Sale |
| Occupant Type | Tenant |
| County | Rockwall |
| Property Type | Residential |
| Security Features | Carbon Monoxide Detector(s),Security Lights,Smoke Detector(s) |
| Construction Materials | Brick,Concrete,Rock/Stone,Stone Veneer,Wood |
| Year Built Details | Preowned |
| Accessory Unit Y/N | No |
| HOA Type | None |
| Special Notes | Aerial Photo,Flood Plain,Survey Available,Verify Flood Insurance,Verify Tax Exemptions |
| Green Landscaping | Native Landscape |
| Full Baths | 2 |
| Status | Active |
| Directions | If going Interstate 30 East,Take exit 67C toward TX 205,Merge onto I 30 Frontage Rd,Turn right onto Market Center Dr,Turn right onto Tubbs Rd,Turn left onto Texas Ave,Turn left onto Lakeside Dr,Desti |
| City | Rockwall |
| Other Equipment | Negotiable |
| Elementary School Name | Amanda Rochell |
| High School | Rockwall-Heath |
| Green Indoor Air Quality | Ventilation |
| Elementary School | Amanda Rochell |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/21263818 |
| Standard Status | Active |
| Listing Terms | 1031 Exchange,Cash,Conventional,FHA,FHA Assumable |
Interior Features
| Interior Features | Built-in Features,Cable TV Available,Chandelier,Decorative Lighting,Double Vanity,Eat-in Kitchen,Flat Screen Wiring,Granite Counters,High Speed Internet Available,Kitchen Island,Natural Woodwork,Open |
|---|---|
| Flooring | Carpet,Ceramic Tile,Tile |
| Dining Areas | 1 |
| Living Areas | 2 |
| Room Count | 11 |
| Lock Box Type | Call Listing Office |
| Total Bedrooms | 4 |
| Total Baths | 2 |
| Window Features | Window Coverings |
| Laundry Features | Electric Dryer Hookup,Utility Room,Full Size W/D Area,Dryer Hookup,Washer Hookup,On Site |
Exterior Features
| Waterfront | Yes |
|---|---|
| Exterior Features | Covered Patio/Porch,Dock,Fire Pit,Rain Gutters,Lighting,Outdoor Grill,Outdoor Living Center,Private Entrance,Private Yard,Putting Green |
| Lot Features | Cleared,Few Trees,Interior Lot,Landscaped,Lrg. Backyard Grass,Other,Subdivision,Water/Lake View,Waterfront |
| Vegetation | Cleared,Grassed |
| Fencing | Back Yard,Fenced,Front Yard,Full,Gate,Metal,Wood,Wrought Iron |
| Soil Type | Unknown |
| Other Structures | Other |
| Lot Size Source | Public Records |
| Parking Features | Additional Parking,Concrete,Covered,Direct Access,Drive Through,Driveway,Enclosed,Garage,Garage Door Opener,Garage Faces Front,Garage Single Door,Gated,Inside Entrance,Kitchen Level,Lighted,On Site,S |
| WaterFront Features | Dock – Uncovered,Lake Front,Lake Front – Main Body,Retaining Wall – Concrete,Retaining Wall – Other |
| Lot Size | Less Than .5 Acre (not Zero) |
| Covered Spaces | 2 |
| Foundation | Slab |
| Lot Size Area | 0.1840 |
| Lot Size Dimensions | 159 X 50 |
| Lot Size Units | Acres |
| Structural Style | Lake House,Single Detached,Vacation Home |
| Garage Y/N | Yes |
| Lot Size Square Feet | 8015.0400 |
| Lot Size Acres | 0.1840 |
| Patio And Porch Features | Covered,Front Porch,Patio,Rear Porch |
| Attached Garage Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 75032
Price
Taxes
Year Built
Visits
© 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor eXp Realty in Metrotex shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
