- Rockwall County
- Royse City TX
- 75189
- Local Area: Waterscape Ph 1
- Royse City ISD
- Covered Parking
- Gas Fireplace
- Game Room
- Covered Patio
- Lake View
- Outdoor Kitchen
- Waterfront
Property Overview
USDA-eligible area! Qualified buyers may have the opportunity to take advantage of USDA financing. (Buyer to verify eligibility with lender)
This stunning north-south facing home in the highly sought-after Waterscape community, perfectly positioned across from one of the stocked ponds in the neighborhood with beautiful fountain & water views. This spacious 5-bedroom, 3.5-bath residence offers an exceptional blend of luxury, functionality, & outdoor living. This thoughtfully designed floor plan features a private first-floor primary suite, dedicated dining room, mudroom with built-in storage, open-concept living area, & a chef-inspired kitchen complete with abundant cabinetry, island, gas cooktop, expansive walk-in pantry, & breakfast nook overlooking the backyard. Upstairs, you'll find four generously sized bedrooms, multiple full baths, a game room, & with the four bedrooms upstairs this floor plan has conveniently placed the laundry on the second-floor. Situated on an oversized homesite, the backyard is an entertainer’s dream with an extended covered patio, outdoor grilling area that is plumbed with gas to hook up your own grill & designated spot for a smoker, bar with seating, ceiling fans, privacy screen, & in addition to a large dog run there is ample green space for recreation & play. Enjoy peaceful evenings to unwind & relax or invite friends & family for endless entertaining. Additional features include a 3-car garage, soaring ceilings, abundant natural light, large walk-in closets, & many upgraded finishes. Residents of Waterscape enjoy resort-style amenities including a community clubhouse, pools, splash pad, playgrounds, walking & biking trails, hammock park, fishing ponds, dog park, & year-round community events where the HOA really goes all out for their families. If you'd love to experience the perfect combination of space, comfort, & scenic surroundings in one of Royse City's premier master-planned communities then this one is for you!
Featured spaces
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Property highlights
Year Built 2019
School District Royse City Isd
HOA $710 Annually
Parking 3-car garage, 3 covered
Architecture Traditional, Detached
Outdoor Living Covered Patio
Fireplace 1 Fireplaces
Neighborhood Waterscape Ph 1
Full Property Details
Property Details
PROPERTY HIGHLIGHTS
Quick Details
- Price $525,000
- Status Active
- Bedrooms 5
- Bathrooms 4
- Square Feet 3,305 Sq Ft
- Lot Size 0.19 acres
- Lot Size Sq Ft 8,141
- Year Built 2019
- Price / Sq Ft $159 / Sq Ft
- MLS # 21375268
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Rockwall
- Subdivision Waterscape Ph 1
- Days on Market 99
Home Details
- Architectural Style Traditional, Detached
- Stories 2
- Levels Two
- Full Baths 3
- Half Baths 1
- Construction Brick, Stone Veneer
- Foundation Slab
- Roof Composition
- Flooring Carpet, Luxury Vinyl Plank, Tile
- Heating Central, Electric, Fireplaces, Zoned
- Cooling Central Air, Ceiling Fans, Electric, Zoned
- Property Attached No
Kitchen & Interior
- Appliances Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator
- Interior Features Eat In Kitchen, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Cable Tv, Walk In Closets
- Fireplaces 1
- Fireplace Features Gas Log, Living Room, Insert
- Security Features Smoke Detectors
Lot & Exterior
- Lot Features Back Yard, Interior Lot, Lawn, Landscaped, Subdivision, Sprinkler System, Few Trees
- Exterior Features Dog Run, Outdoor Living Area, Other, Rain Gutters
- Patio & Porch Features Covered
- Fencing Back Yard, Wood
- Pool No
- View Features Water
Parking
- Parking Driveway, Garage Faces Front, Garage, Garage Door Opener
- Garage Spaces 3
- Covered Parking 3
- Attached Garage Yes
Taxes & HOA
- HOA Fee $710 Annually
- HOA Includes All Facilities, Association Management, Maintenance Grounds
- Community Features Community Mailbox, Sidewalks
- Parcel Number 96717
- Legal Description WATERSCAPE PHASE 1, BLOCK F, LOT 11
- Tax Block F
- Tax Lot 11
Utilities
- Utilities Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- School District Royse City ISD
- Elementary Paula Walker — Royse City ISD
- Middle Ouida Baley — Royse City ISD
- High Royse City — Royse City ISD
Listing Information
- Listing Agent Marcie Florance
- Brokerage Legacy & Co. Real Estate LLC
- MLS Board NTREIS
- List Date 09/01/2026
- Source Updated 10/12/2026
- Last Updated 10/12/2026
- Virtual Tour View Virtual Tour (PropertyPanorama)
Property Tax & CAD Valuation for 1042 Watercourse Place
Rockwall CAD (TrueProdigy) records for 1042 Watercourse Place, Royse City, TX 75189 show a CAD market value of $449,808 and a net appraised value of $449,808. 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 1042 Watercourse Place, Royse City, TX 75189, 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 $91,300 + Improvement Value $358,508 = CAD Market Value $449,808
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.
Building
Value: $358,508 Total Area: 4130 Sqft Living Area: 3305 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 1,641 Sqft |
| MAIN AREA | MA | 1,664 Sqft |
| ATTACHED GARAGE | AG | 610 Sqft |
| COVERED PORCH | CP | 104 Sqft |
| COVERED PORCH | CP | 91 Sqft |
| COVERED PORCH | CP | 20 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. Reduces Royse City ISD taxable value by $140,000 (from $449,808 net appraised value to $309,808 school taxable value). Current owner’s exemption, not guaranteed to transfer to buyer.
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 $449,808 − All Current CAD Reductions $0 = Current Taxed Starting Point $449,808
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
Taxable-value reduction for applicable school district (Royse City ISD); current owner’s exemption, not guaranteed to transfer to buyer. Other local taxing units on this record apply $0 exemption reduction (taxed at $449,808 net appraised value).
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) |
|---|---|---|---|---|---|
|
County
ROCKWALL COUNTY |
$449,808 | 0.2620 | $1,179 | — | $1,179 |
|
School District
ROYSE CITY ISD |
$309,808 (H) | 1.2552 | $5,646 | -$1,757 | $3,889 |
|
Public Improvement District (PID)
WATERSCAPE PUBLIC IMPROVEMENT DISTRICT CAD lists entity but shows no separate rate on this row. |
$449,808 | 0.0000 | $0 | — | $0 |
|
Public Improvement District (PID)
WATERSCAPE PID O&M |
$449,808 | 0.1825 | $821 | — | $821 |
|
Tax Increment Reinvestment Zone (TIRZ)
ROYSE CITY TAX INCREMENT REINVESTMENT ZONE 1 CAD lists entity but shows no separate rate on this row. |
$449,808 | 0.0000 | $0 | — | $0 |
(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.
Special District Context
- Public Improvement District (PID): A special-purpose district created to fund specific public improvements.
- Tax Increment Reinvestment Zone (TIRZ): A special zone where tax increments are dedicated to economic development.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $7,645 − Est. Tax Reductions / Savings $1,757 = Est. Taxes (With Current Exemptions) $5,888
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $1,757. 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 $5,888 with the exemptions shown today and $7,645 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 | $80,000 | $270,010 | $350,010 | $350,010 | +$172,680 / +97.38% |
| 2022 | $85,000 | $365,930 | $450,930 | $385,011 | +$100,920 / +28.83% |
| 2023 | $135,000 | $358,521 | $493,521 | $423,512 | +$42,591 / +9.45% |
| 2024 | $135,000 | $357,516 | $492,516 | $465,863 | -$1,005 / -0.20% |
| 2025 | $110,000 | $362,282 | $472,282 | $472,282 | -$20,234 / -4.11% |
| 2026 | $91,300 | $358,508 | $449,808 | $449,808 | -$22,474 / -4.76% |
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 $525,000 − Current CAD Market Value $449,808 = Over CAD Value +$75,192 (+16.7%)
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 WATERSCAPE PH 1
A curated look at local favorites, everyday stops, and lifestyle context near this property.