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$419,000 Just Listed
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Property Description
Homes like this don't come along often on Rockwall lake. Fully renovated just a few years ago and a proven Airbnb performer with years of strong, steady income, this one is ready for its next chapter...your family's home, your smartest investment, or both. Tucked against an expansive greenbelt with views of the lake, the backyard is where this home truly shines. A sparkling private pool anchors the patio, framed by a shaded pergola, a quiet retreat where the only neighbors behind you are trees, water, and Texas sunsets. Inside, soaring vaulted ceilings, wood-look tile, and walls of windows fill the open living and dining areas with natural light. The showstopping floral accent wall with its neon 'Hello Gorgeous' sign has made this home instantly recognizable to guests, and endlessly photogenic. The kitchen pairs warm wood cabinetry with black granite, stainless appliances, and a bay window framing the lake, while the skylit dining space seats eight with French doors opening straight to the pool. And yes, it comes with the arcade. A dedicated game room loaded with classic arcade cabinets, air hockey, and shuffleboard has been a guest favorite for years and sets this property apart from everything else on the lake. Spacious bedrooms include a serene king suite with sitting area and backyard access, plus a bunk room guests love. The spa-inspired primary bath features dual vanities and an oversized walk-in shower with two showerheads, a built-in bench, and a gorgeous arched stained-glass window. Lake views, greenbelt privacy, resort-style pool, and documented short-term rental income, flexibility and lifestyle that rarely hit the market in Rockwall. Come experience it in person at the open house.
Full Property Details
Full Property Details for 5402 Peninsula Way
General
- Price: $419,000
- Taxes: $7,406
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21330332
- Updated: 7/14/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Built-in Features, Decorative/Designer Lighting Fixtures, Double Vanity, Open Floorplan
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room
- Appliances: Dryer, Dishwasher, Electric Cooktop, Disposal, Microwave, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Pool: Yes
- Pool Description: In Ground, Pool
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Door-Multi, Garage
Location
- County: Dallas
- Subdivision: Anchor Point
- Driving Directions: See Google Maps
School Information
- Elem School District: Garland ISD
- Midd School District: Garland ISD
- High School District: Garland ISD
- Elementary School: Choice Of School
- Middle School: Choice Of School
- High School: Choice Of School
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Available, Sewer Available, Separate Meters, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Brick
- Roof: Composition
- Stories/Levels: 1
- Living Area: 1,785 Sq. Ft.
- Year Built: 1983
Lot Features
- Lot Size (Acres): 0.224
- Lot Size (Sq. Ft.): 9,757.44
- Lot Size Source: Public Records
- Fencing (Description): Back Yard
Water Features
- Water Front: Yes
- Water Front Desc.: Lake Front
- Lake Front: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $7,406
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Legal Description: ANCHOR POINT BLK 2 LT 12
- Exclusions: All personal belongings and furniture is excluded. Appliances negotiable.
- Property ID: 26004600200120000
- Block: 2
- Lot Number: 12
Listed by BLVD Group, Brad Smith
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Schools
Schools serving 5402 Peninsula Way
School District:Garland Independent School District
| Name | Grades | Distance |
|---|---|---|
Glen Couch Elementary School 4349 Waterhouse Boulevard, Garland, TX 75043 | 2-5 | 1 mi |
Couch Collegiate Prep Elementary School 4349 Waterhouse Boulevard, Garland, TX 75043 | PK-1 | 1 mi |
Toler Elementary School 3520 Guthrie Road, Garland, TX 75043 | PK-5 | 1.9 mi |
Lyles Middle School 4655 South Country Club Road, Garland, TX 75043 | 7-8 | 2.5 mi |
Coyle Middle School 4500 Skyline Drive, Rowlett, TX 75088 | 7-8 | 3.5 mi |
Classical Center At Brandenburg Mi 626 Nickens Road, Garland, TX 75043 | 6-8 | 3.8 mi |
Lakeview Centennial High School 3505 Hayman Drive, Garland, TX 75043 | 9-12 | 1.5 mi |
Rowlett High School 4700 Kirby Road, Rowlett, TX 75088 | 9-12 | 2.5 mi |
Garland High School 310 South Garland Avenue, Garland, TX 75040 | 9-12 | 6.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5402 Peninsula Way
Date
Details
Price
Change
Source
7/14/2026
Listed
$419,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5402 Peninsula Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,406
5%
$309,270
—
2024
$7,077
8%
$309,270
8%
2023
$6,565
-7%
$286,900
—
2022
$7,083
15%
$286,900
22%
2021
$6,186
-1%
$235,240
—
2020
$6,271
-4%
$235,240
1%
2019
$6,535
11%
$232,880
12%
2018
$5,863
6%
$207,840
6%
2017
$5,532
38%
$196,070
38%
2016
$3,997
4%
$141,760
—
2015
$3,857
15%
$141,760
10%
2014
$3,351
—
$128,290
—
2013
$3,338
—
$128,290
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5402 Peninsula Way
5402 Peninsula Way, Garland, TX 75043 (MLS# 21330332) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5402 Peninsula Way is currently listed for $419,000 and was received on July 14, 2026. Want to learn more about 5402 Peninsula Way? Do you have questions about finding other Single Family real estate for sale in Garland? You can browse all Garland real estate or contact a Coldwell Banker agent to request more information.

