506 Terry Lane, Heath, TX 75032 | MLS #20945180 | Allie Beth Allman & Associates

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Listing provided courtesy of Keller Williams Rockwall- MLS# 20945180MLS ProviderContact Information: Patty Turner - 972-772-7000

506 Terry LaneHeath, TX 75032

Vacant Land · 1.51 Acres
$1,500,000 Active

506 Terry Lane Overview

Time on Site:
403 days
Visits:
28

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.

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506 Terry Lane Facts & Features

  • Type Vacant Land
  • Lot 1.51 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Rockwall ISD
  • Elementary School: Amy Parks-Heath
  • Middle Or Junior School: Cain
  • High School: Heath

Business Information

  • Current Use: Residential,Single Family

Location/Region

  • Country: US
  • County Or Parish: Rockwall
  • Postal City: ROCKWALL
  • Subdivision Name: E W Terrys Land

Tax Information

  • Tax Annual Amount: 5820.0

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange
  • Possible Use: Single Family
  • Property Sub Type: Improved Land
  • Property Type: Land

Interior

General Information

    Exterior

    Lot Information

    • Lot Features: Interior Lot,Few Trees,Waterfront,City Lot,Retaining Wall
    • Lot Size Acres: 1.51
    • Lot Size Area: 1.51
    • Lot Size Square Feet: 65775.6
    • Lot Size Units: Acres
    • Road Surface Type: Concrete
    • Water Source: Public

    Waterfront/View

    • Water Body Name: Ray Hubbard
    • Waterfront Features: Lake Front,Waterfront
    • Waterfront: Yes

    General Information

    • Fencing: None
    • Other Structures: None
    • Road Frontage Type: City Street
    • Sewer: Public Sewer
    • Utilities: Sewer Available,Separate Meters,Water Available

    506 Terry Lane Monthly Cost

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    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    506 Terry Lane Market Data

    Based on the last 30 days in this zip code

    $776,711
    Average List Price
    $237
    Average Price per Square Foot
    71
    Properties Sold
    248
    Average Days on Market
    714
    Properties for Sale
    Calculations provided by Reliance Network

    506 Terry Lane History

    Date Event Value Agent
    3/21/2026Source: North Texas MLS Price Reduction
    $1,500,000 -16.7%
    8/12/2025Source: North Texas MLS Price Reduction
    $1,800,000 -18.2%
    6/16/2025Source: North Texas MLS Price Reduction
    $2,200,000 -12.0%
    5/22/2025Source: North Texas MLS Added to Database
    May 22, 2025