- Rockwall County
- Rockwall TX
- 75087
- Local Area: Ladera Rockwall Condos
- Rockwall ISD
- Covered Parking
- Gas Fireplace
- Covered Patio
- Outdoor Fireplace
- Wet Bar
Property Overview
Welcome to effortless luxury and easy living in Ladera, Rockwall’s premier 55+ gated community! Built in 2023, this beautifully maintained 2-bedroom, 2-bathroom home offers 1,896 square feet of thoughtfully designed, single-level living with an ideal blend of comfort, style, and low-maintenance convenience.
Inside, the bright, open-concept floor plan creates an inviting atmosphere for everyday living and entertaining. The spacious living room features a cozy fireplace and flows seamlessly into the kitchen and dining areas, making gatherings with family and friends effortless. Both bedrooms are generously sized, while the private primary suite offers a spacious walk-in closet and en-suite bathroom. The guest bedroom has a murphy bed that will convey.
Step outside to enjoy the expansive covered outdoor patio with fireplace—an ideal space for morning coffee, outdoor dining, entertaining, or relaxing in the evening. With HOA-maintained front and back yards, this home delivers true lock-and-leave convenience, giving you more time to enjoy everything Ladera has to offer.
Ladera is a vibrant resort-style 55+ community in Rockwall featuring a gated entrance, clubhouse available for private events, fitness center, resort-style swimming pool, pickleball courts, and scenic walking trails. Whether you’re looking for an active adult community, low-maintenance home, or lock-and-leave lifestyle, Ladera offers an exceptional combination of amenities, social opportunities, and convenience.
Ideally located in Rockwall, this move-in-ready home provides easy access to shopping, dining, entertainment, healthcare, and major roadways. Experience the best of active adult living in one of Rockwall’s most desirable 55+ communities!
HAVE QUESTIONS ABOUT THIS HOME?
Text or email Steavy directly from this listing.
HAVE QUESTIONS ABOUT THIS HOME?
Text or email Steavy directly from this listing.
Property highlights
Year Built 2023
School District Rockwall ISD
HOA $375 Monthly
Pool Yes
Parking 2-car garage, 2 covered
Architecture Traditional, Detached
Outdoor Living Covered Patio
Fireplace 2 Fireplaces
Neighborhood Ladera Rockwall Condos
Full Property Details
Property Details
PROPERTY HIGHLIGHTS
Quick Details
- Price $559,000
- Status Active
- Bedrooms 2
- Bathrooms 2
- Square Feet 1,896 Sq Ft
- Lot Size 0.23 acres
- Lot Size Sq Ft 10,019
- Year Built 2023
- Price / Sq Ft $295 / Sq Ft
- MLS # 21371730
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- Property Condition Resale
- County Rockwall
- Subdivision Ladera Rockwall Condos
- Days on Market 63
Home Details
- Architectural Style Traditional, Detached
- Stories 1
- Levels One
- Full Baths 2
- Half Baths 0
- Construction Brick
- Foundation Slab
- Roof Composition
- Heating Central
- Cooling Central Air
- Property Attached No
Kitchen & Interior
- Appliances Dishwasher, Electric Oven, Gas Cooktop, Disposal, Tankless Water Heater, Vented Exhaust Fan, Wine Cooler
- Interior Features Chandelier, Dry Bar, Decorative Designer Lighting Fixtures, Double Vanity, Eat In Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Walk In Closets
- Fireplaces 2
- Fireplace Features Gas, Gas Log, Living Room, Outside
- Window Features Window Coverings
- Security Features Security System
Lot & Exterior
- Lot Features Sprinkler System
- Exterior Features Outdoor Living Area
- Patio & Porch Features Covered
- Fencing Metal
- Pool Yes
- Pool Features Community
Parking
- Parking Driveway, Garage, Garage Door Opener
- Garage Spaces 2
- Covered Parking 2
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $8,847
- HOA Fee $375 Monthly
- HOA Includes All Facilities, Association Management, Maintenance Grounds
- Community Features Clubhouse, Fitness Center, Pool, Tennis Courts
- Association Amenities Maintenance Front Yard
- Parcel Number 000000103128
- Legal Description LADERA AT ROCKWALL CONDOMINIUMS, LOT 115
- Tax Lot 115
Utilities
- Utilities Sewer Available, Water Available
- Water Public
- Sewer Public Sewer
Schools
- School District Rockwall ISD
- Elementary Doris Cullins-Lake Pointe — Rockwall ISD
- Middle Herman E Utley — Rockwall ISD
- High Rockwall — Rockwall ISD
Listing Information
- Listing Agent Christopher Knox
- Brokerage Legacy & Co. Real Estate LLC
- MLS Board NTREIS
- List Date 08/28/2026
- Source Updated 10/30/2026
- Last Updated 10/30/2026
- Virtual Tour View Virtual Tour (PropertyPanorama)
Property Tax & CAD Valuation for 1664 Madrid Way
Rockwall CAD records for 1664 Madrid Way, Rockwall, TX 75087 show a CAD market value of $590,820 and a net appraised value of $561,567. 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 1664 Madrid Way, Rockwall, TX 75087, 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 $124,300 + Improvement Value $466,520 = CAD Market Value $590,820
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: $466,520 Total Area: 2853 Sqft Living Area: 1896 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 1,896 Sqft |
| ATTACHED GARAGE | AG | 559 Sqft |
| COVERED PORCH | CP | 40 Sqft |
| PATIO - 35% | PA3 | 358 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 an Over-65 senior citizen exemption. Specific deduction amounts vary by taxing jurisdiction.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
Statutory 10% limitation on annual increase in appraised value for qualifying residence homestead (Texas Tax Code § 23.23). This is an appraisal-stage limitation, not a local taxing jurisdiction exemption.
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 $590,820 − All Current CAD Reductions -$29,253 = Current Taxed Starting Point $561,567
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
Combined taxable-value reduction for applicable school district (Rockwall ISD) from current exemptions on record (Over-65, Homestead); current owner’s exemptions, not guaranteed to transfer to buyer. Additional local taxing units on this record also show taxable-value reductions: City Of Rockwall (-$60,000), Rockwall County (-$35,000). Separate from -$29,253 10% homestead cap already reflected in the $561,567 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) |
|---|---|---|---|---|---|
|
City
CITY OF ROCKWALL |
$501,567 | 0.2575 | $1,446 | -$555 | $891 |
|
County
ROCKWALL COUNTY |
$526,567 | 0.2510 | $1,410 | -$429 | $981 |
|
School District
ROCKWALL ISD |
$341,567 (H) | 1.0669 | $5,991 | -$3,204 | $2,788 |
(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.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $8,847 − Est. Tax Reductions / Savings $4,187 = Est. Taxes (With Current Exemptions) $4,659
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $4,187. 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 $4,659 with the exemptions shown today and $8,847 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 |
|---|---|---|---|---|---|
| 2023 | $20,400 | — | $20,400 | $20,400 | — |
| 2024 | $20,400 | $399,695 | $420,095 | $420,095 | +$399,695 / +1,959.29% |
| 2025 | $113,000 | $397,515 | $510,515 | $510,515 | +$90,420 / +21.52% |
| 2026 | $124,300 | $466,520 | $590,820 | $561,567 | +$80,305 / +15.73% |
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 $559,000 − Current CAD Market Value $590,820 = Under CAD Value -$31,820 (-5.4%)
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 LADERA ROCKWALL CONDOS
A curated look at local favorites, everyday stops, and lifestyle context near this property.