- Rockwall County
- Heath TX
- 75032
- Local Area: Rush Creek
Property Overview
SELLER IS OFFERING UP TO $15,000 IN SELLER CONCESSIONS, GIVING BUYERS FLEXIBILITY TO PUT MORE CASH TOWARD COSMETIC UPDATES!
Welcome to 300 Rush Creek Drive, Unit B5, located in the highly sought-after Rush Creek Condominiums on the shores of Lake Ray Hubbard in Heath, Texas. This unique waterfront condo offers the lifestyle so many buyers are searching for, one that feels more like a vacation retreat than a primary residence.
From the moment you walk through the door, you’ll be greeted by stunning lake and marina views from the main living area and kitchen. The soaring ceilings, abundant natural light, and open-concept design create a spacious and inviting atmosphere that’s perfect for relaxing or entertaining.
The lower level features a private primary suite with beautiful lake views, allowing you to wake up each morning to the sights and serenity of Lake Ray Hubbard. Also located on the lower level is a spacious secondary bedroom and a full bathroom, providing an ideal layout for guests, family members, or multi-generational living.
Upstairs, you’ll find a versatile loft space that can easily serve as a third bedroom, home office, workout area, or flex space to fit your lifestyle.
Rush Creek Condominiums offers a one-of-a-kind lakefront living experience where residents enjoy breathtaking water views, scenic walking paths, and a vibrant social atmosphere. Just steps away, you’ll find the renowned Rush Creek Yacht Club featuring sailing activities, community events, waterfront dining, live music, and an active social calendar that creates a true sense of community.
Whether you’re looking for a full-time residence, weekend getaway, or lock-and-leave lifestyle, Unit B5 offers the perfect opportunity to enjoy lake living at its finest. Come experience the vacation-like atmosphere, beautiful marina views, and unique lifestyle that make Rush Creek one of Heath’s most desirable waterfront communities.
Featured spaces
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Property highlights
Year Built 1972
School District Rockwall Isd
HOA $514 Monthly
Pool Pool
Parking Additional Parking, Common, Gated, Open, Parking Lot
Gated Gated entry
Fireplace 1 Fireplaces
Neighborhood Rush Creek
Full Property Details
Property Details
Quick Details
- Price $315,000
- Status Active
- Bedrooms 3
- Bathrooms 3
- Square Feet 1,452 Sq Ft
- Lot Size 0.05 acres
- Lot Size Sq Ft 2,178
- Year Built 1972
- Price / Sq Ft $217 / Sq Ft
- MLS # 21303863
Overview
- Property Type Residential
- Property Subtype Condominium
- County Rockwall
- Subdivision Rush Creek
- Days on Market 133
Home Details
- Stories 3
- Levels ThreeOrMore
- Full Baths 3
- Half Baths 0
- Heating Electric, Fireplaces
- Cooling Central Air, Ceiling Fans, Electric
- Property Attached Yes
Kitchen & Interior
- Appliances Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator
- Interior Features Cathedral Ceilings, Decorative Designer Lighting Fixtures, Eat In Kitchen, Loft, Multiple Staircases, Open Floorplan, Vaulted Ceilings, Walk In Closets
- Fireplaces 1
- Fireplace Features Wood Burning
Lot & Exterior
- Patio & Porch Features Covered, Deck, Front Porch, Patio
- Pool Yes
- Pool Features Fenced, Pool, Community
- Waterfront Features Lake Front
Parking
- Parking Additional Parking, Common, Gated, Open, Parking Lot
- Covered Parking 0
- Attached Garage No
Taxes & HOA
- Annual Taxes $3,337
- HOA Fee $514 Monthly
- HOA Includes Association Management, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
- Community Features Boat Facilities, Clubhouse, Dock, Fishing, Gated, Marina, Playground, Pool, Restaurant, Sidewalks
- Parcel Number 000000021631
- Legal Description RUSH CREEK UNIT 5 BLDG B 0.050 AC
- Tax Block 1400
Utilities
- Utilities Electricity Connected, Sewer Available, Water Available
- Water Public
- Sewer Public Sewer
Schools
- School District Rockwall ISD
- Elementary Linda Lyon — Rockwall ISD
- Middle Cain — Rockwall ISD
- High Rockwall-Heath — Rockwall ISD
Listing Information
- Listing Agent Lee Reyes
- Brokerage Keller Williams Rockwall
- MLS Board NTREIS
- List Date 06/17/2026
- Source Updated 10/28/2026
- Last Updated 10/29/2026
- Virtual Tour View Virtual Tour (PropertyPanorama)
Property Tax & CAD Valuation for 300 Rush Creek Drive #5
Rockwall CAD records for 300 Rush Creek Drive #5, Heath, TX 75032 show a CAD market value of $245,299 and a net appraised value of $245,299. 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 300 Rush Creek Drive #5, Heath, 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 $175,500 + Improvement Value $69,799 = CAD Market Value $245,299
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: $69,799 Total Area: 1764 Sqft Living Area: 1452 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 520 Sqft |
| MAIN AREA | MA | 520 Sqft |
| MAIN AREA | MA | 412 Sqft |
| PATIO - 20% (REGULAR) | PA | 120 Sqft |
| DECK | DE | 120 Sqft |
| STORAGE | ST | 24 Sqft |
| STORAGE | ST | 24 Sqft |
| STORAGE | ST | 24 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 $245,299 − All Current CAD Reductions $0 = Current Taxed Starting Point $245,299
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 HEATH |
$245,299 | 0.2757 | $676 | — | $676 |
|
County
ROCKWALL COUNTY |
$245,299 | 0.2510 | $616 | — | $616 |
|
School District
ROCKWALL ISD |
$245,299 | 1.0669 | $2,617 | — | $2,617 |
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) $3,909 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $3,909
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 | $67,100 | $68,520 | $135,620 | $135,620 | +$6,700 / +5.20% |
| 2022 | $135,000 | $68,590 | $203,590 | $203,590 | +$67,970 / +50.12% |
| 2023 | $141,750 | $64,156 | $205,906 | $205,906 | +$2,316 / +1.14% |
| 2024 | $135,000 | $73,797 | $208,797 | $208,797 | +$2,891 / +1.40% |
| 2025 | $162,000 | $71,715 | $233,715 | $233,715 | +$24,918 / +11.93% |
| 2026 | $175,500 | $69,799 | $245,299 | $245,299 | +$11,584 / +4.96% |
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 $315,000 − Current CAD Market Value $245,299 = Over CAD Value +$69,701 (+28.4%)
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 RUSH CREEK
A curated look at local favorites, everyday stops, and lifestyle context near this property.