Rockwall Land with Development
550 Hance Trail Rockwall, TX 75087
550 Hance Trail, Rockwall, TX, 75087
$2,995,000
For Sale
$2,995,000
LAND - Rockwall, TX
Lot Size12.82 Acres
Days on Market9
Property Features for 550 Hance Trail
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 000000019470
- Lot size
- 12.82 Acres
Taxes and HOA fees
- Tax Description
- L L LEONARD, LOT 1, ACRES 5.165, (PT OF 13.17
- Tax Annual Amount
- 936
Utilities
- Water front features
- Waterfront, Lake Front
- Water front
- 1
Listing Agency
Keller Williams Rockwall
(972) 772-7000
Rockwall, TX
Listed by
Rod Holland · License #0361507
(972) 772-7000
Added: Jul 13 Checked: Jul 21 at 12:06 am
MLS# 21222902
Listing URL
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Investment Insights
Based on property information with market context.
This 12.82-acre property in Rockwall, TX, presents several options for potential buyers. One option is to purchase the entire acreage and maintain its AG Exemption status as an investment or to build a single residence. Another possibility involves developing the land, subject to city approval. The property could also be divided into two 6.3-acre parcels, potentially retaining the AG Exemption, excluding the area used for home construction. The current owner is in the process of platting the land into four 3+ acre homesites, and upon approval, these homesites will be offered for individual sale. A buyer could enter into a contract for a homesite contingent upon City Approval. If the four-homesite plat is approved, deed restrictions will be in place, likely requiring a minimum square footage of 3500 to 4000 square feet. Shops or barns would be permitted, subject to city requirements and codes. Renderings are available to illustrate potential development options. Gas, water, and electricity utilities appear to be nearby, but buyers should verify their availability.
Key Highlights
- 12‑acre property ideal for investment, single‑family residence, or development.
- Option to divide into two 6.3‑acre parcels, potentially eligible for AG Exemption.
- Current owner pursuing plat approval for four 3+ acre homesites.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential land & home ...
Similar For Sale Nearby
FAQs
What type of property is this?
Land - 12.82 acres in Rockwall, TX with multiple development options.
Where is this land located?
The property is located at 550 Hance Trail Rockwall, TX.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 12‑acre property ideal for investment, single‑family residence, or development.; Option to divide into two 6.3‑acre parcels, potentially eligible for AG Exemption.; Current owner pursuing plat approval for four 3+ acre homesites.
