Property summary
This exceptional 4.74-acre site presents a remarkable opportunity for multifamily development in the thriving Dallas County market. Located in Rowlett, Texas, at the south corner of the Peninsula, this fully entitled and shovel-ready property boasts unmatched Lake Ray Hubbard waterfront views. Its strategic location at the intersection of I-30 and Dalrock Road provides convenient access to major transportation arteries, further enhanced by ongoing I-30 interchange expansion and improvements. The site is ideally positioned within the central trade area encompassing Rowlett, Garland, and Rockwall. Adjacent to the nearly completed 394-unit, Class A, five-story "The View at Sapphire Bay" multifamily community, this property benefits from established infrastructure and a proven market demand. With no density or unit caps, the site allows for the construction of up to a 5-story building, potentially accommodating approximately 400 units. The development plan requires its own structured parking. The APN is 44011000000000000. This is a truly unique opportunity to capitalize on the robust growth and desirability of this prime waterfront location. The property's zoning allows for both residential and commercial uses. Detailed site plans and construction videos are available upon request. The zip code is 75088.
Property profile
VerifiedCap rate & NOI
Current use
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Bank Credit Union
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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