- Rockwall County
- Rockwall TX
- 75087
- Local Area: Hillcrest Shores Ph Three
- Rockwall ISD
- Covered Parking
- Brick
- Custom Design
- Gas Fireplace
- Oversized Island
- Game Room
- Media Room
- Covered Patio
- Home Theater
- Outdoor Kitchen
Property Overview
Tucked into the sought-after Hillcrest Shores, this two-story brick and stone home makes an impression from the curb and only gets better inside. A quarter-acre corner cul-de-sac lot, a side-entry garage, and timeless masonry give it presence that's hard to find in today's market. Did anyone say Curb appeal, this home has it for days. Drive up to the beautifully painted garage door, the home is surrounded with amazing landscape all around, the front, back and side.
Step through the door into bright, open living spaces crowned by soaring ceilings that bring in light and a real sense of grandeur. At the heart of it all is a kitchen built for gathering — an oversized island, generous storage, and effortless flow into the main living areas, ideal whether you're cooking for two or hosting a crowd.
The main-floor primary suite is a private retreat, complete with a spa-like ensuite that makes everyday feel like a getaway. Upstairs, the layout offers rare flexibility: a media room finished with custom built-in closets that easily lives as an additional bedroom, plus bonus space that flexes to fit a home office, playroom, or game room as life changes.
Out back, a large fenced yard sets the stage for weekend barbecues, morning coffee, and room to roam. The showpiece is a resort-style swim spa — a $50,000+ upgrade — ready to stay for the next owner to enjoy, or to be removed to suit your vision.
Space, style, and a location people wait for — this one truly has it all.
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HAVE QUESTIONS ABOUT THIS HOME?
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Property highlights
Year Built 2005
School District Rockwall ISD
HOA $450 Annually
Parking 3-car garage, 3 covered
Architecture Traditional, Detached
Outdoor Living Covered Patio
Fireplace 1 Fireplaces
Neighborhood Hillcrest Shores Ph Three
Full Property Details
Property Details
PROPERTY HIGHLIGHTS
Quick Details
- Price $499,999
- Status Active
- Bedrooms 4
- Bathrooms 4
- Square Feet 2,997 Sq Ft
- Lot Size 0.25 acres
- Lot Size Sq Ft 10,803
- Year Built 2005
- Price / Sq Ft $167 / Sq Ft
- MLS # 21324056
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- Property Condition Resale
- County Rockwall
- Subdivision Hillcrest Shores Ph Three
- Days on Market 98
Home Details
- Architectural Style Traditional, Detached
- Stories 2
- Levels Two
- Full Baths 3
- Half Baths 1
- Construction Brick, Rock, Stone
- Foundation Slab
- Roof Composition
- Flooring Carpet, Ceramic Tile
- Heating Central, Fireplaces, Natural Gas
- Cooling Central Air, Ceiling Fans, Electric
- Property Attached No
Kitchen & Interior
- Appliances Some Gas Appliances, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Plumbed For Gas, Vented Exhaust Fan
- Interior Features Decorative Designer Lighting Fixtures, Double Vanity, Eat In Kitchen, Kitchen Island, Loft, Other, Pantry, Vaulted Ceilings, Walk In Closets, Wired For Sound
- Laundry Features Washer Hookup, Electric Dryer Hookup
- Fireplaces 1
- Fireplace Features Decorative, Gas Starter, Wood Burning
- Window Features Window Coverings
- Security Features Prewired, Security System, Fire Alarm, Smoke Detectors, Security Service
Lot & Exterior
- Lot Features Corner Lot, Cul De Sac, Landscaped, Subdivision, Sprinkler System, Few Trees
- Exterior Features Rain Gutters
- Patio & Porch Features Patio, Covered
- Fencing Back Yard, Wood
- Pool No
Parking
- Parking Driveway, Garage, Garage Faces Side
- Garage Spaces 3
- Covered Parking 3
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $8,740
- HOA Fee $450 Annually
- HOA Includes All Facilities, Association Management
- Community Features Curbs
- Parcel Number 000000057710
- Legal Description HILLCREST SHORES PHASE THREE, BLOCK C, LOT 26
- Tax Block C
- Tax Lot 26
Utilities
- Utilities Sewer Available, Water Available
- Water Public
- Sewer Public Sewer
Schools
- School District Rockwall ISD
- Elementary Grace Hartman — Rockwall ISD
- Middle JW Williams — Rockwall ISD
- High Rockwall — Rockwall ISD
Listing Information
- Listing Agent Darren Snow
- Brokerage Orchard Brokerage
- MLS Board NTREIS
- List Date 07/09/2026
- Source Updated 10/15/2026
- Last Updated 10/16/2026
- Virtual Tour View Virtual Tour (Zillow)
Explore in 3D
Property Tax & CAD Valuation for 1150 Waterwood Circle
Rockwall CAD records for 1150 Waterwood Circle, Rockwall, TX 75087 show a CAD market value of $537,607 and a net appraised value of $537,607. 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 1150 Waterwood Circle, Rockwall, TX 75087, 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 $130,000 + Improvement Value $407,607 = CAD Market Value $537,607
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.
RESIDENTIAL
Value: $407,607 Total Area: 3846 Sqft Living Area: 2997 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 1,717 Sqft |
| MAIN AREA | MA | 1,280 Sqft |
| ATTACHED GARAGE | AG | 609 Sqft |
| COVERED PORCH | CP | 224 Sqft |
| COVERED PORCH | CP | 16 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.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows an exemption. Specific deduction amounts vary by taxing jurisdiction.
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 $537,607 − All Current CAD Reductions $0 = Current Taxed Starting Point $537,607
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
Combined taxable-value reduction for applicable school district (Rockwall ISD) from current exemptions on record (Homestead, Additional Exemption); current owner’s exemptions, not guaranteed to transfer to buyer. Additional local taxing units on this record also show taxable-value reductions: City Of Rockwall (-$60,000), Rockwall County (-$35,000).
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 |
$477,607 | 0.2575 | $1,384 | -$308 | $1,077 |
|
County
ROCKWALL COUNTY |
$502,607 | 0.2510 | $1,349 | -$181 | $1,169 |
|
School District
ROCKWALL ISD |
$317,607 (H) | 1.0669 | $5,736 | -$3,348 | $2,388 |
(H) Taxable reduction reflected in school district taxable value.
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) $8,469 − Est. Tax Reductions / Savings $3,836 = Est. Taxes (With Current Exemptions) $4,633
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $3,836. Estimated taxes without exemptions are calculated by applying each jurisdiction's tax rate to its pre-exemption taxable value. Exemption savings represent the difference between this unexempted estimate and the county's current tax estimate. Taxable values and tax rates vary by jurisdiction. Future taxes depend on buyer qualification and future adopted rates.
The current tax estimate reflects a homestead exemption on the property's present CAD record. That exemption does not automatically transfer to a new owner; a buyer must qualify for their own exemptions. For comparison, the current estimate is $4,633 with the exemptions shown today and $8,469 without exemptions. Actual future taxes will depend on buyer eligibility, future appraised values, and adopted tax rates.
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 | $101,000 | $277,900 | $378,900 | $378,900 | +$7,740 / +2.09% |
| 2022 | $153,000 | $350,980 | $503,980 | $416,790 | +$125,080 / +33.01% |
| 2023 | $180,000 | $392,029 | $572,029 | $458,469 | +$68,049 / +13.50% |
| 2024 | $131,300 | $436,619 | $567,919 | $504,316 | -$4,110 / -0.72% |
| 2025 | $131,300 | $429,832 | $561,132 | $554,748 | -$6,787 / -1.20% |
| 2026 | $130,000 | $407,607 | $537,607 | $537,607 | -$23,525 / -4.19% |
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 $499,999 − Current CAD Market Value $537,607 = Under CAD Value -$37,608 (-7.0%)
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 HILLCREST SHORES PH THREE
A curated look at local favorites, everyday stops, and lifestyle context near this property.