- Rockwall County
- Rockwall TX
- 75032
- Local Area: Watersedge At Lake Ray Hubbard
Property Overview
Water Edge Condo on the first floor. Gated Community. Open floor plans with hardwood floors. Fresh paint and carpet. Sit on the patio and have a lake view and swimming pool views out the back patio—a large master 3-bedroom condo with walk-in closets. Queen jetted tub with separate shower. Under the apartment, there is private assigned parking and parking out front. A place to call home close to shopping and schools and many great places to eat in the Harbor.
Reserved parking 64 & 67. The condo is on the first floor, the last set of stairs.
HOA pays for the building's water, sewer, and trash. Electricity is the responsibility of the owner.
Featured spaces
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Property highlights
Year Built 2006
School District Rockwall Isd
HOA $330 Monthly
Pool Pool
Parking 2 covered spaces
Gated Gated entry
Architecture Traditional
Neighborhood Watersedge At Lake Ray Hubbard
Full Property Details
Property Details
Quick Details
- Price $425,000
- Status Active
- Bedrooms 3
- Bathrooms 2
- Square Feet 1,450 Sq Ft
- Lot Size 0.07 acres
- Lot Size Sq Ft 2,875
- Year Built 2006
- Price / Sq Ft $293 / Sq Ft
- MLS # 21318130
Overview
- Property Type Residential
- Property Subtype Condominium
- County Rockwall
- Subdivision Watersedge At Lake Ray Hubbard
- Days on Market 533
Home Details
- Architectural Style Traditional
- Stories 1
- Levels One
- Full Baths 2
- Half Baths 0
- Construction Stucco
- Flooring Carpet, Hardwood, Tile
- Heating Central, Energy Star Qualified Equipment, Natural Gas
- Cooling Central Air, Ceiling Fans
- Property Attached No
Kitchen & Interior
- Appliances Some Gas Appliances, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Plumbed For Gas, Refrigerator, Vented Exhaust Fan
- Interior Features Decorative Designer Lighting Fixtures, Double Vanity, Granite Counters, High Speed Internet, Open Floorplan, Pantry, Smart Home, Cable Tv, Natural Woodwork, Walk In Closets, Wired For Sound
- Security Features Prewired, Fire Alarm, Security Gate, Gated Community, Key Card Entry, Smoke Detectors, Security Lights
Lot & Exterior
- Exterior Features Lighting
- Patio & Porch Features Covered
- Pool Yes
- Pool Features Gunite, In Ground, Outdoor Pool, Other, Pool
Parking
- Parking Attached Carport, Additional Parking, Common, Concrete, Direct Access, Electric Gate, Gated, Lighted, Private, Secured
- Covered Parking 2
- Attached Garage No
Taxes & HOA
- Annual Taxes $6,147
- HOA Fee $330 Monthly
- HOA Includes Association Management, Maintenance Grounds, Maintenance Structure
- Community Features Community Mailbox, Curbs, Gated, Sidewalks
- Parcel Number 000000061640
- Legal Description WATERSEDGE AT LAKE RAY HUBBARD CONDOMINIUMS (
- Tax Block 4
Utilities
- Utilities Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Separate Meters, Underground Utilities, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- School District Rockwall ISD
- Elementary Dorothy Smith Pullen — Rockwall ISD
- Middle Cain — Rockwall ISD
- High Heath — Rockwall ISD
Listing Information
- Listing Agent Mark Hood
- Brokerage Starmark Properties
- MLS Board NTREIS
- List Date 07/01/2026
- Source Updated 10/26/2026
- Last Updated 10/26/2026
- Virtual Tour View Virtual Tour (PropertyPanorama)
Property Tax & CAD Valuation for 2131 Portofino Drive
Rockwall CAD records for 2131 Portofino Drive, Rockwall, TX 75032 show a CAD market value of $449,732 and a net appraised value of $449,732. CAD values are used for property-tax purposes and may differ from the property's current list price or eventual sale price.
TAX INFO FOR NORMAL PEOPLE
A plain-English look at Rockwall CAD property-tax and appraisal records for 2131 Portofino Drive, Rockwall, TX 75032, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Rockwall CAD Property Record
1. CAD Big Picture: Land + Improvements = Market Value
This shows what the CAD market value is made of. Appraisal districts usually separate value between the land and the improvements. Improvements may include the home, garages, shops, patios, pools, decks, storage, and other structures.
Land Value $186,000 + Improvement Value $263,732 = CAD Market Value $449,732
2. Improvement Details: Size, Type & Assessed Value
This is a breakdown of the improvements CAD has listed for the property and the square footage or area connected to those records. CAD improvement records may include the main living area, garages, shops, decks, patios, pools, storage, or other site improvements when available.
TOWNHOUSE
Value: $250,743 Total Area: 1570 Sqft Living Area: 1450 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 1,450 Sqft |
| BALCONY | BA | 120 Sqft |
LOWER LEVEL PARKING
Value: $12,989 Total Area: 528 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MISCELLANEOUS | MI | 528 Sqft |
3. Current Tax Exemptions & Statutory Limitations
Property tax bills reflect two distinct types of CAD adjustments: local taxing jurisdiction exemptions (which reduce taxable value below appraised value) and statutory appraisal limitations (which limit the annual growth of appraised value itself). Each taxing entity establishes its own exemption amounts and tax rates.
No standard exemptions or CAD reductions were detected in the current record.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer’s exemptions and future tax obligations may differ.
4. Value After CAD Reductions
This is where CAD reductions, exemptions, limitations, or special-use valuation may affect the value used for tax calculations.
CAD Market Value $449,732 − All Current CAD Reductions $0 = Current Taxed Starting Point $449,732
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
5. Who Taxes It?
These are the local entities included in the current CAD/tax estimate. A property tax bill can include a city, county, school district, municipal utility district, public improvement district, or other special district. Each entity may use its own taxable value, rate, and exemption treatment.
| Entity | Taxable Value | Rate (per $100) | Est. Tax (No Ex.) | Savings | Est. Tax (Current) |
|---|---|---|---|---|---|
|
City
CITY OF ROCKWALL |
$449,732 | 0.2575 | $1,158 | — | $1,158 |
|
County
ROCKWALL COUNTY |
$449,732 | 0.2510 | $1,129 | — | $1,129 |
|
School District
ROCKWALL ISD |
$449,732 | 1.0669 | $4,798 | — | $4,798 |
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer's exemptions and future tax obligations may differ.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $7,085 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $7,085
The current CAD record does not establish an exemption tax savings calculation. A buyer’s future tax bill may differ.
7. CAD Values Over Time
YOY Change reflects the change in CAD Market Value from the prior appraisal year. Taxed / Appraised reflects the CAD net appraised value after CAD reductions, or the certified capped appraisal value where jurisdictions differ. Individual taxing units may use different taxable values when exemptions apply.
| Year | Land | Impr. | Market | Taxed / Appraised | YOY Change |
|---|---|---|---|---|---|
| 2021 | $125,350 | $198,250 | $323,600 | $323,600 | +$33,740 / +11.64% |
| 2022 | $150,000 | $194,420 | $344,420 | $344,420 | +$20,820 / +6.43% |
| 2023 | $195,000 | $208,698 | $403,698 | $403,698 | +$59,278 / +17.21% |
| 2024 | $171,000 | $221,666 | $392,666 | $392,666 | -$11,032 / -2.73% |
| 2025 | $186,000 | $271,128 | $457,128 | $457,128 | +$64,462 / +16.42% |
| 2026 | $186,000 | $263,732 | $449,732 | $449,732 | -$7,396 / -1.62% |
8. List Price vs CAD Value
The current list price and the county’s CAD market value are not the same thing. CAD market value is used for property-tax context and may lag the open market, reflect prior protests, exemptions, caps, agricultural or special-use treatment, or other appraisal district methods.
How does the list price compare with the CAD value?
CAD values are appraisal-district values used for property-tax purposes and can differ from current asking prices and eventual sale prices.
Current List Price $425,000 − Current CAD Market Value $449,732 = Under CAD Value -$24,732 (-5.5%)
A sale price can become part of the appraisal district’s future evidence. A buyer’s future taxable value and tax bill may change after purchase, especially if exemptions, caps, or special-use valuation change.
For tax planning, buyers should confirm future taxable value, exemptions, and special-use treatment with the appraisal district, tax office, lender, CPA, or other qualified advisor.
LIFE AROUND WATERSEDGE AT LAKE RAY HUBBARD
A curated look at local favorites, everyday stops, and lifestyle context near this property.