Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Elevated Homesite with Panoramic Views Title is generated by Realmo AI

    119 Timber Cove Place, Heath, TX 75032

    View on Map
    Claim this Listing
    For Sale
    $650,000

    LAND - Heath, TX

    Lot size:
    1.00 Acres
    Added:
    May 19, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 5 at 11:06 am

    Property Features for 119 Timber Cove Place

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    000000330736
    Lot size
    1.00 Acres

    Taxes and HOA fees

    Tax Description
    RIDGE LAKES PHASE TWO BLK A LOT 34
    Tax Annual Amount
    5354

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Pamela Tellez
    Pamela Tellez

    Listing agent Pamela Tellez

    Listing office DFW Elite Living Dallas, TX

    Listing date May 19, 2026

    MLS# 21139843 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1‑acre homesite set atop the highest elevation in the Ridge Lakes community
    • Panoramic night views stretching toward the Dallas skyline
    • Owner‑owned lot with public water and public sewer available
    • Bring your own builder—no restrictions noted in the provided information
    • Located in Ridge Lakes in Heath, with proximity to Lake Ray Hubbard and just minutes from Rockwall

    Overview

    Set atop the highest elevation in the Ridge Lakes community, this owner-owned homesite offers a rare combination of privacy and prominence. The parcel is positioned to deliver panoramic night views stretching toward the Dallas skyline, along with commanding sightlines that create a true sense of arrival. With its one-acre scale, the property provides an ideal foundation for a custom estate and the flexibility to shape a build around your vision.

    Located in Ridge Lakes in Heath, the community is known for spacious lots and a refined atmosphere, with proximity to Lake Ray Hubbard. The area also offers convenient access to Rockwall, placing everyday dining, shopping, and entertainment within minutes, while remaining within reach of Downtown Dallas.

    This property is well-suited for buyers who want an elevated, view-oriented setting and the ability to work with their preferred builder and architectural plans. If you’re planning a luxury residence on a larger homesite in a sought-after community, this lot’s height and sightlines create a compelling starting point for a distinctive custom build.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Heath
    County
    Kaufman
    State
    Texas
    Longitude
    -96.443943
    Latitude
    32.8586

    Nearby Similar for Sale

    • $1,500,000

      Clear Waterfront Land with Private Dock

      Build-ready waterfront parcel on Lake Ray Hubbard with space for a private dock and lakefront estate.
      506 Terry Lane, Heath, TX 75032
      View Details
    • $2,495,000

      Waterfront Flag Lot Build Site

      One-acre waterfront lot above Lake Ray Hubbard, positioned for privacy and panoramic views, with a newly installed seawall.
      6 Terrabella Lane, Heath, TX 75032
      View Details
    • $1,499,500

      Waterfront Acreage Building Site

      Nearly five acres with lake access, mature trees, and no HOA for flexible estate planning in Heath.
      709 Smirl Drive, Heath, TX 75032
      View Details
    • $2,800,000

      Lakefront Custom Home Lot

      Cleared, ready-to-permit waterfront land with lake views and plans available for a large custom estate build.
      520 Terry Lane, Heath, TX 75032
      View Details
    • $3,850,000

      Lakefront Estate Lot Opportunity

      Build a custom retreat on a rare lakefront tract with expansive views across Lake Ray Hubbard.
      1534 Hubbard Drive, Heath, TX 75032
      View Details
    • $995,000

      Land for Custom Home in Heath

      3.77 acre homesite in Heath, Texas, near Dallas.
      1603 Smirl Drive, Heath, TX 75032
      View Details
    • $1,100,000

      Heath TX Estate Lot

      3-acre homesite with pond and completed improvements.
      1204 Smirl, Heath, TX 75032
      View Details
    • $745,000

      Waterfront Homesite Land

      Build-ready lakeside homesite in the Terrabella waterfront community with restrictions designed for larger estate homes.
      8 Terrabella Lane, Heath, TX 75032
      View Details
    • $145,000

      Residential Corner Homesite Land

      A 0.63-acre corner homesite with lake and Dallas skyline views, ideal for building a custom luxury residence.
      315 Smirl Drive, Heath, TX 75032
      View Details
    • $380,000

      Residential Land in Heath, Texas

      Corner lot ready for a custom dream home.
      1700 Canal Street, Heath, TX 75126
      View Details
    • $180,000

      Oversized Lot for Custom Home

      Spacious 0.788-acre lot with mature trees for custom residence.
      133 Falcon Point Drive, Heath, TX 75032
      View Details
    • $1,800,000

      Waterfront Buildable Land with Seawall

      Seawall-ready waterfront lot offers unobstructed Lake Ray Hubbard views and custom-home potential.
      2006 Noe Boulevard, Heath, TX 75126
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Owner-owned, elevated homesite with panoramic night views and the freedom to build with your own builder.
    Where is this residential land & home lot located?
    The property is located at 119 Timber Cove Place Heath, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 1‑acre homesite set atop the highest elevation in the Ridge Lakes community; Panoramic night views stretching toward the Dallas skyline; Owner‑owned lot with public water and public sewer available
    (214) 725-3348
    We can help!
    Listing Contact
    Pamela Tellez
    Pamela Tellez
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    119 Timber Cove Place, Heath, TX 75032
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!