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$475,000 Just Listed
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Property Description
Tucked away in the established Highland Hills neighborhood of Rockwall, this inviting four-bedroom, two-bathroom home perfectly balances timeless charm with modern freedom. Situated on an expansive corner lot, the property is defined by its mature magnolias, creating a private sanctuary that feels worlds away while remaining in the heart of it all. The interior welcomes you with an open and airy layout highlighted with recently added engineered wood flooring and plantation shutters that flows throughout the entire home. The heart of the home is a large living room featuring a cozy fireplace and ceiling beams. For those needing a dedicated workspace, the formal dining room serves as an ideal home office or flex area. This central living space flows seamlessly into a massive enclosed patio that acts as a second living room, allowing for year-round enjoyment of the outdoors rain or shine. This unique feature is easily accessible from the oversized primary suite, which offers a spa-like retreat including a recently updated master bath with a deep jet bathtub. Outside, the backyard is a true oasis for relaxation and entertaining, featuring a pool and newly added wood fence for ultimate privacy. Highland Hills community has no HOA, giving you the freedom to truly make the property your own. Perfectly located, sitting minutes from Rockwall ISD schools and the vibrant shops and dining of Historic Downtown Rockwall. Nature lovers will appreciate being moments from Harry Myers Park, the shores of Lake Ray Hubbard, where you can enjoy boating, fishing or a scenic walk across the lake. With easy access to Highway 66, this home offers the peaceful lifestyle of an established community with all the conveniences of the city right at your fingertips. This cozy gem is ready to welcome its next owners to call home.
Full Property Details
Full Property Details for 301 Lake Terrace
General
- Price: $475,000
- Taxes: $7,234
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21239004
- Updated: 4/22/2026
- Added to Site: 5 day(s) ago
Interior
- Interior Features: Cedar Closet(s), Double Vanity, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Gas Log, Living Room
- Appliances: Dishwasher, Electric Cooktop, Microwave, Refrigerator
- Flooring: Engineered Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Laundry in Utility Room
Additional Information
- Pool: Yes
- Pool Description: Above Ground, Pool
- Security/Safety: Smoke Detector(s)
Exterior
- Porch/Patio/Deck: Awning(s), Covered
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Parking Features: Additional Parking, Door-Single, Driveway, Gated, Oversized
Location
- County: Rockwall
- Subdivision: Highland Hills
- Driving Directions: From I-30E, Exit on SH-205 Goliad St, Left at the light onto SH-205 Goliad. Turn Left on SH-205 S, Turn Right onto W Interurban St, Light right onto Highland Dr, Left onto Westway Dr, Turn Right, home is on the corner of Lake Terrace
School Information
- Elem School District: Rockwall ISD
- Midd School District: Rockwall ISD
- High School District: Rockwall ISD
- Elementary School: Reinhardt
- Middle School: Herman E Utley
- High School: Rockwall
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Electric, Fireplace(s)
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Architectural Style: Traditional, Detached
- Structure Type: House
- Detached/Attached: Attached
- Construction: Brick
- Roof: Composition
- Windows: Shutters
- Stories/Levels: 1
- Living Area: 2,678 Sq. Ft.
- Year Built: 1971
Lot Features
- Lot Size (Acres): 0.318
- Lot Size (Sq. Ft.): 13,852.08
- Lot Size Source: Public Records
- Lot Features: Corner Lot, Few Trees
- Trees/Vegetation: Grassed
- Fencing (Description): Wood, Wrought Iron
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $7,234
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: HIGHLAND HILLS, BLOCK E, LOT E1
- Exclusions: Washer, Dryer, Refrigerator - Negotiable
- Property ID: 17196
- Block: E
- Lot Number: E1
Listed by Piper Creek Realty LLC, Aaron Cano
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Schools
Schools serving 301 Lake Terrace
School District:Rockwall Independent School District
| Name | Grades | Distance |
|---|---|---|
Virginia Reinhardt Elementary School 615 Highland Drive, Rockwall, TX 75087 | PK-6 | 0.2 mi |
Herman E Utley Middle School 1201 T L Townsend Drive, Rockwall, TX 75087 | 7-8 | 1.6 mi |
Rockwall High School 901 West Yellow Jacket Lane, Rockwall, TX 75087 | 9-12 | 2 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 301 Lake Terrace
Date
Details
Price
Change
Source
4/22/2026
Listed
$475,000
—
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 301 Lake Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,411
11%
$459,198
2%
2023
$3,985
-22%
$448,471
38%
2021
$5,117
-4%
$325,240
23%
2020
$5,321
159%
$264,210
-1%
2018
$2,051
-62%
$266,960
1%
2019
$5,468
4%
$265,080
9%
2018
$5,245
7%
$242,790
9%
2017
$4,922
6%
$222,386
10%
2016
$4,640
9%
$202,169
10%
2015
$4,266
-12%
$183,790
-14%
2013
$4,858
—
$213,280
4%
2013
$4,858
—
$205,970
—
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 301 Lake Terrace
301 Lake Terrace, Rockwall, TX 75087 (MLS# 21239004) is a Single Family property with 4 bedrooms and 2 full bathrooms. 301 Lake Terrace is currently listed for $475,000 and was received on April 22, 2026. Want to learn more about 301 Lake Terrace? Do you have questions about finding other Single Family real estate for sale in Rockwall? You can browse all Rockwall real estate or contact a Coldwell Banker agent to request more information.

