- Rockwall County
- Rockwall TX
- 75087
- Local Area: M & M Johnson Add
Property Overview
RARE, READY NOW, & RAPIDLY DISAPPEARING.
ONE OF THE FEW REMAINING BUILDABLE LOTS WITHIN WALKING DISTANCE OF HISTORIC DOWNTOWN ROCKWALL. CLOSE TO THE HARBOR & LAKE RAY HUBBARD. Cleared, Build Ready, Surrounded By Established Homes, The Kind of Opportunity Buyers Wait Years to Find and Often Miss. Lake Living Without the Lakefront Price Tag. Lot is Approximately 75 X 107.
Build the Custom Home You Have Always Envisioned on a Spacious Homesite. Mature Trees Along the Rear Boundary, Create Privacy, Character, & a Beautiful Natural Backdrop Rarely Found on Vacant Land. AVAILABLE NOW, WHERE LAND CONTINUES TO DISAPPEAR. NO HOA.
The Lifestyle is Exceptional and Sets This Property Apart. HISTORIC DOWNTOWN ROCKWALL IS APPROXIMATELY HALF A MILE AWAY, Making it an Easy Walk to Restaurants, Coffee Shops, Boutiques, Live Concerts, Seasonal Festivals, & the Popular Rockwall Farmers Market. Spend Evenings at Rockwall Harbor Enjoying Waterfront Dining, Shopping, Movies, Entertainment, Marina Access, Boating, Sailing, Fishing, Paddle Boarding, & Spectacular Sunsets Over Lake Ray Hubbard. Enjoy a Lifestyle that Puts You Close to Everything.
Just Steps from the Property, Gloria Williams Park & Playground, Community Pool, & SHAQUILLE O'NEAL COMEBAQ COURT, Creating Unique Amenities Rarely Found This Close to Downtown.
Enjoy Small Town Charm With Easy Access to I-30, SH 66, SH 205, & President George Bush Turnpike, Provides Connectivity to Dallas, Mesquite, Garland, Rowlett, Plano, Richardson, Allen, McKinney, Frisco, Fate, Royse City, Greenville & Surrounding Employment Centers Throughout the Dallas-Fort Worth Metroplex.
Buildable Lots in This Area are Becoming Increasingly Rare. Finding One That Combines Walkability to Downtown, Proximity to the Lake, Established Neighborhood Charm, Mature Trees, & Nearby Amenities is Even More Uncommon. Rockwall ISD.
BUY THE LAND. BUILD THE DREAM. LIVE THE LIFESTYLE. Opportunities Like This Are Disappearing From Downtown Rockwall.
Featured spaces
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Property highlights
School District Rockwall Isd
HOA No HOA
Neighborhood M & M Johnson Add
Full Property Details
Property Details
Quick Details
- Price $163,900
- Status Active
- Lot Size 0.18 acres
- Lot Size Sq Ft 7,754
- MLS # 21289995
Overview
- Property Type Land
- Property Subtype Unimproved Land
- County Rockwall
- Subdivision M & M Johnson Add
- Days on Market 53
Home Details
- Property Attached No
Lot & Exterior
- Lot Features Back Yard, Cleared, Interior Lot, Lawn, Level, Few Trees
- Pool No
Parking
- Attached Garage No
Taxes & HOA
- Annual Taxes $2,284
- Parcel Number 000000086947
- Legal Description M & M JOHNSON ADDITION, BLOCK A, LOT 2
- Tax Block A
- Tax Lot 2
Utilities
- Utilities Sewer Available, Underground Utilities, Water Available
- Water Public
- Sewer Public Sewer
Schools
- School District Rockwall ISD
- Elementary Dobbs — Rockwall ISD
- Middle Herman E Utley — Rockwall ISD
- High Rockwall — Rockwall ISD
Listing Information
- Listing Agent Kimberly Karanouh
- Brokerage Star Premier Real Estate
- MLS Board NTREIS
- List Date 06/04/2026
- Source Updated 07/17/2026
- Last Updated 08/19/2026
- Virtual Tour View Virtual Tour (PropertyPanorama)
Property Tax & CAD Valuation for TBD Peters Colony Street
Rockwall CAD (TrueProdigy) records for TBD Peters Colony Street, Rockwall, TX 75087 show a CAD market value of $145,000 and a net appraised value of $145,000. 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 (TrueProdigy) property-tax and appraisal records for TBD Peters Colony Street, Rockwall, TX 75087, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Rockwall CAD (TrueProdigy) 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 $145,000 + Improvement Value — = CAD Market Value $145,000
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 $145,000 − All Current CAD Reductions $0 = Current Taxed Starting Point $145,000
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 |
$145,000 | 0.2575 | $373 | — | $373 |
|
County
ROCKWALL COUNTY |
$145,000 | 0.2510 | $364 | — | $364 |
|
School District
ROCKWALL ISD |
$145,000 | 1.0669 | $1,547 | — | $1,547 |
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) $2,284 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $2,284
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 | $23,000 | — | $23,000 | $23,000 | — |
| 2022 | $100,000 | — | $100,000 | $100,000 | +$77,000 / +334.78% |
| 2023 | $126,000 | — | $126,000 | $126,000 | +$26,000 / +26.00% |
| 2024 | $145,000 | — | $145,000 | $145,000 | +$19,000 / +15.08% |
| 2025 | $145,000 | — | $145,000 | $145,000 | — |
| 2026 | $145,000 | — | $145,000 | $145,000 | — |
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 $163,900 − Current CAD Market Value $145,000 = Over CAD Value +$18,900 (+13.0%)
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 M & M JOHNSON ADD
A curated look at local favorites, everyday stops, and lifestyle context near this property.