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PRICE CUTSINGLE FAMILY · ROCKWALL LAKE ESTATE #1

$475,000

511 Lakeside Drive, Rockwall, TX 75032
4 BD · 2 BA · 2,441 SQFT · BUILT 2001 · $195/SQFT

Rockwall Lake Estate #1, Rockwall — 107 days on the market.

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.

01 — THE NUMBERS
DAYS ON MARKET
107
$ / SQFT
$195
PROPERTY TYPE
Single family
YEAR BUILT
2001
STATUS
Active
LISTED
JUN 15
LOT
0.184 AC
ORIGINAL PRICE
$500K
02 — KNOW THE CITY
RockwallFULL CITY REPORT →
THIS HOME VS CITY MEDIAN ACTIVE LIST ($550K · NTREIS)
-14% VS MEDIANROCKWALL ISD · ROCKWALL COUNTY · 27 MIN TO DT DALLAS
03 — SCHOOLS
Schools reported for this listing

Schools reported by this listing’s MLS record. School assignments and boundaries can change. Verify the specific address with the district.

ELEMENTARYAmanda Rochell
MIDDLECain
HIGHRockwall-Heath
DISTRICTRockwall ISD
AS REPORTED ON THE MLS RECORD — NOT A BOUNDARY DETERMINATION
LISTING COURTESY OF COMPASS RE TEXAS, LLCMLS# 21263818 · NTREIS
LAST UPDATED AUG 26, 2026, 4:13 PM CT · NTREIS IDX · LISTING INFORMATION PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC. (NTREIS). INFORMATION IS DEEMED RELIABLE BUT IS NOT GUARANTEED AND SHOULD BE INDEPENDENTLY VERIFIED. DATA MAY NOT REFLECT ALL REAL ESTATE ACTIVITY IN THE MARKET. COPYRIGHT NTREIS. ALL RIGHTS RESERVED.
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