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Property Description
Rare Opportunity to Build Your Dream Estate in Exclusive Terrabella! Enter a world of pure nature amidst some of the most refined homes and estates in Heath, TX, this property offers an ideal canvas for creating your exclusive lakeside estate! It's your chance to secure the LAST homesite in the prestigious Terrabella waterfront community, an enclave of ONLY TEN estates valued in the $$$Millions$$$, offering breathtaking views of Lake Ray Hubbard. These homes capture the magic of living near the most calming element on earth. Situated on a 1-acre homesite, this exquisite property provides the perfect setting for your dream home, with a minimum requirement of 5,000 sq. ft. of air-conditioned space. For reference, a neighboring lot at 6 Terrabella Lane sold for $2,000,000 in April 2024, underscoring the exceptional value and exclusivity of this community. Experience luxury living with Heath's highly rated schools, located in the sought-after community of Rockwall, TX, often awarded by Money Magazine as one of the top ten places to live, and within a 35-minute drive to the working hubs of Dallas and Collin Counties, convenience meets serenity.
Full Property Details
Full Property Details for 8 Terrabella Ln
General
- Price: $745,000
- HOA FEE: $135/month
- HOA FEE FREQ.: Annually
- Taxes: $3,827
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21147377
- Updated: 1/7/2026
- Added to Site: 11 day(s) ago
Location
- County: Rockwall
- Subdivision: Terrabella
- Driving Directions: 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
Community
- Association: Yes
- Assoc. Name: Terrabella Ln HOA
- Assoc. Fees Include: Association Management
Utilities
- Water: Public
- Utility Description: Water Available
Structural Information
- Detached/Attached: Detached
Lot Features
- Property View: Water
- Lot Size (Acres): 1.002
- Lot Size (Sq. Ft.): 43,647.12
- Lot Size Source: Assessor
- Lot Features: Cleared, Interior Lot, Landscaped
- Development Status: Other, Streets Installed
- Zoning: SFR
Water Features
- Water View: Yes
Financial Considerations
- Association Fee: $1,620
- Assoc Fee Freq.: Annually
- Tax Amount: $3,827
Disclosures and Reports
- Legal Description: TERRABELLA, LOT 3, ACRES 1.002
- Property ID: 63737
- Lot Number: 3
Listed by Rad Realty Group LLC, Yossi Barazani
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Schools
Schools serving 8 Terrabella Ln
School District:Rockwall Independent School District
| Name | Grades | Distance |
|---|---|---|
Linda Lyon Elementary School 2186 Trophy Dr, Heath, TX 75126 | PK-6 | 2.8 mi |
Maurine Cain Middle School 6620 Fm 3097, Rockwall, TX 75032 | 7-8 | 3.1 mi |
Rockwall-Heath High School 801 Laurence Drive, Heath, TX 75032 | 9-12 | 1.1 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 8 Terrabella Ln
Date
Details
Price
Change
Source
1/07/2026
Listed
$745,000
—
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 8 Terrabella Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,827
-42%
$248,820
-41%
2023
$6,577
19%
$418,200
23%
2021
$5,547
—
$340,000
18%
2020
$5,530
-11%
$288,000
4%
2018
$6,185
6%
$276,570
-3%
2019
$5,857
-5%
$285,120
-1%
2018
$6,185
—
$288,000
3%
2017
$6,166
-5%
$279,360
-3%
2016
$6,504
60%
$288,000
60%
2015
$4,072
—
$180,000
—
2014
$4,072
3%
$180,000
—
2013
$3,959
—
$180,000
—
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 8 Terrabella Ln
8 Terrabella Lane, Heath, TX 75032 (MLS# 21147377) is a Lots/Land property with a lot size of 1.002 acres. 8 Terrabella Lane is currently listed for $745,000 and was received on January 07, 2026. Want to learn more about 8 Terrabella 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.

