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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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511 Lakeside Dr , Rockwall, TX 75032
$500,000
Est. Payment: $2,574.22/mo
4 Bed
2 Bath
2441 Sqft
Status: active | Days on site: 105
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Welcome to a rare lakefront home nestled on the shores of Rockwall Lake! NO HOA! Immaculate 4 bedroom, 2 full bath home spans 2,441 SF and offers a seamless blend of lake living and investment potential. Built in 2001, it's move in ready fully furnished for a homeowner or an investor looking to capitalize on its established Airbnb success! Step outside to your private dock, perfect for fishing, kayaking, or soaking in serene lake views. The backyard transforms into an entertainer’s dream with a large covered attached patio, firepit, outdoor grills, dining areas, hammocks, and even a mini golf tee. The interior floorplan includes a downstairs living area with a pool table, while an upstairs loft doubles as a cozy media room and a bed for extra guests to enjoy. The chef’s kitchen is a showstopper with a large eat in kitchen island, electric range, built-in cabinetry, and adjacent dining area. The smart floorplan places all four bedrooms, including the primary suite, on the first floor, each outfitted with its own TV. Additional conveniences include a gated driveway, two car garage, and a full laundry room. Currently thriving as a high demand Lakefront STR, this property generates impressive income, averaging $500night for 1 guests and $20extra per person on the nightly rate or average $7K per month with full occupancy for STR. The home’s flexible STR terms allow you to continue the business or make it your own personal lakeside retreat. Most furnishings are included, with some negotiable extras like the pool table and downstairs TV. Situated just minutes from Rockwall Harbor and Lake Ray Hubbard, you’re never far from live music, fine dining, boating, and outdoor festivals. Whether you’re seeking a tranquil escape, a vibrant social scene, or a smart investment, this home checks every box. Plus, enjoy the low Rockwall property tax rate and highly regarded Rockwall ISD. Incredible 5.25% FHA assumable rate option available for approved buyers.

Highlights

Listed by Christopher Ohlig , and Katrina Valera Hernandez , Compass RE Texas, LLC , North Texas Real Estate Information Systems

Property Type

Residential

Lot/Acreage
0.18

Year Built

2001

County

Rockwall

Neighborhood

Rockwall Lake Estate #1

School District

Rockwall ISD

Listing ID

21263818

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan, Washer, Negotiable
Air Cond:Ceiling Fan(s),Central Air,Electric,Roof Turbine(s)
Fireplaces:
Floor:Carpet,Ceramic Tile,Tile
Other:
  • Additional:Built-in Features, Cable TV Available, Chandelier, Decorative Lighting, Double Vanity, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Kitchen Island, Natural Woodwork, Open Floorplan, Paneling, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Master on Main

Exterior Features

Lot:Cleared,Few Trees,Interior Lot,Landscaped,Lrg. Backyard Grass,Subdivision,Water/Lake View,Waterfront,Less Than .5 Acre (not Zero),Dock – Uncovered,Lake Front,Lake Front – Main Body,Retaining Wall – Concrete,Retaining Wall – Other
Lot Dimensions:159 X 50
Roof:Composition,Shingle
Others:
  • Additional:Covered Patio/Porch, Dock, Fire Pit, Rain Gutters, Lighting, Outdoor Grill, Outdoor Living Center, Private Entrance, Private Yard, Putting Green, Preowned
Parking Features:Additional Parking,Concrete,Covered,Direct Access,Drive Through,Driveway,Enclosed,Garage,Garage Door Opener,Garage Faces Front,Garage Single Door,Gated,Inside Entrance,Kitchen Level,Lighted,On Site,Secured
Principal Interest
$2,574
Taxes
$464

Home Price

$500,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$100,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,574.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,574.22 $463.75 $0.00 $3,037.97
Yearly $30,890.61 $5,565.00 $0.00 $36,455.61
Total $926,718.17 $166,950.00 $0.00 $1,093,668.17

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Rockwall, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T19:21:47.893Z

© 2026 North Texas Real Estate Information Systems