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$1,800,000

  • For Sale
  • Active
  • Lots/Land
  • 1.51 Acres
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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.

Full Property Details for 506 Terry Ln

General

  • Price: $1,800,000
  • Taxes: $5,820
  • Status: Active
  • Type: Lots/Land
  • Source: NTREIS
  • MLS ID: 20945180
  • Updated: 11/20/2025
  • Added to Site: 275 day(s) ago

Location

  • County: Rockwall
  • Subdivision: E W Terrys Land
  • Driving Directions: Use GPS

School Information

  • Elem School District: Rockwall ISD
  • Midd School District: Rockwall ISD
  • High School District: Rockwall ISD
  • Elementary School: Amy Parks-Heath
  • Middle School: Cain
  • High School: Heath

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Sewer Available, Separate Meters, Water Available

Structural Information

  • Detached/Attached: Detached
  • Current Bldg. Use: Residential, Single Family

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 1.51
  • Lot Size (Sq. Ft.): 65,775.6
  • Frontage: City Street, Concrete
  • Lot Features: Interior Lot, Few Trees, Waterfront, City Lot, Retaining Wall
  • Potential Use: Single Family
  • Zoning: Residential
  • Fencing (Description): None

Water Features

  • Water Front: Yes
  • Water Front Name: Ray Hubbard
  • Water Front Desc.: Lake Front, Waterfront
  • Lake Front: Yes

Financial Considerations

  • Tax Amount: $5,820
  • Terms: Cash, Conventional, 1031 Exchange

Disclosures and Reports

  • Documents Avail.: Aerial, Survey
  • Legal Description: E W TERRYS LAND, LOT 8, ACRES 1.51, (FKA R118
  • Property ID: 58884
  • Lot Number: 8

Listed by Keller Williams Rockwall, Patty Turner

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Listing agent

— 506 Terry Ln —

  • Patty Turner

    Keller Williams Rockwall

972-772-7000

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 506 Terry Ln

School District:Rockwall Independent School District
NameGradesDistance
Linda Lyon Elementary School
2186 Trophy Dr, Heath, TX 75126
PK-62.8 mi
Maurine Cain Middle School
6620 Fm 3097, Rockwall, TX 75032
7-83.8 mi
Rockwall-Heath High School
801 Laurence Drive, Heath, TX 75032
9-121.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 Terry Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/12/2025
Price Reduced
$1,800,000
-18.18%
MLS
6/16/2025
Price Reduced
$2,200,000
-12%
MLS
5/22/2025
Listed
$2,500,000
—
MLS
Get Price Alerts and Save Property
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 for 506 Terry Ln

Year
Property Taxes
Change
Tax Assessment
Change
2024
$16,400
868%
$1,920,000
76%
2023
$1,694
-48%
$1,091,267
16%
2021
$3,254
—
$943,220
175%
2020
$3,254
—
$343,060
46%
2018
$3,254
-39%
$234,950
-5%
2018
$5,293
7%
$246,488
10%
2017
$4,946
8%
$224,080
10%
2016
$4,600
10%
$203,709
10%
2015
$4,190
-11%
$185,190
-19%
2019
$4,685
11%
$228,070
22%
2014
$4,218
5%
$186,440
2%
2013
$4,028
—
$183,160
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams Rockwall, Patty Turner

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506 Terry Lane, Heath, TX 75032 (MLS# 20945180) is a Lots/Land property with a lot size of 1.51 acres. 506 Terry Lane is currently listed for $1,800,000 and was received on May 22, 2025. Want to learn more about 506 Terry Lane? Do you have questions about finding other Lots/Land real estate for sale in Heath? You can browse all Heath real estate or contact a Coldwell Banker agent to request more information.

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