- Rockwall County
- Heath TX
- 75032
- Local Area: Coveridge
- Pool
- Rockwall ISD
- Outdoor Kitchen
- Covered Parking
- Game Room
- Balcony / Terrace
- Covered Patio
- Lake View
- Waterfront
Property Overview
Some homes are beautiful, but very few offer a setting and lifestyle that simply cannot be recreated. Positioned on a beautifully landscaped, almost half acre homesite in coveted Cove Ridge Estates, this one-of-a-kind Heath residence pairs elevated design with sweeping views of Lake Ray Hubbard and a location buyers wait for. Inside, soaring ceilings, walls of oversized windows & streams of natural light create a dramatic first impression, while expansive living spaces feel equally suited for quiet evenings and unforgettable gatherings. The open-concept kitchen anchors the home with abundant cabinetry, generous prep space, a spacious butler’s pantry & effortless flow into the main living area. The primary suite is a peaceful escape with a spa-inspired bath, while the secondary bedrooms offer flexibility for guests, a private office or fitness space. Upstairs, a generous game room, second laundry room & remarkable outdoor spaces elevate the experience. Begin your morning on the private second-floor balcony, then head to the third-floor rooftop balcony to watch the sky glow over Lake Ray Hubbard. This extraordinary vantage point creates an unforgettable experience and is a feature rarely found in Heath. Outside, the backyard unfolds like a private resort with a sparkling pool, oversized covered patio & outdoor kitchen ready for summer afternoons and evenings under the stars. The expansive driveway & three-car garage provide room for vehicles, storage, golf carts & lake-day toys. Beyond the property, enjoy the best of Heath with Rockwall ISD schools, Buffalo Creek Golf Club, boating and fishing on Lake Ray Hubbard, Terry Park, waterfront dining and entertainment at The Harbor, plus convenient access to shopping, Historic Downtown Rockwall & I-30. Homes offering this much land, luxury, outdoor living & lake views in one of Heath’s most desirable settings rarely become available. There is only one 505 Summit Circle, and once it is gone, this opportunity is gone with it!
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 2026
School District Rockwall ISD
HOA No HOA
Pool Pool
Parking 3-car garage, 3 covered
Architecture ContemporaryModern,Detached
Outdoor Living Outdoor Kitchen
Fireplace 1 Fireplaces
Neighborhood Coveridge
Full Property Details
Property Details
PROPERTY HIGHLIGHTS
Quick Details
- Price $1,299,000
- Status Active
- Bedrooms 4
- Bathrooms 6
- Square Feet 3,715 Sq Ft
- Lot Size 0.47 acres
- Lot Size Sq Ft 20,473
- Year Built 2026
- Price / Sq Ft $350 / Sq Ft
- MLS # 21384478
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Rockwall
- Subdivision Coveridge
- Days on Market 37
Home Details
- Full Baths 4
- Half Baths 2
- Foundation Slab
- Roof Shingle
- Flooring Wood
- Heating Electric, Fireplaces
- Cooling Central Air
Kitchen & Interior
- Appliances Built In Refrigerator, Dishwasher, Electric Range, Electric Water Heater, Microwave
- Interior Features Chandelier, Decorative Designer Lighting Fixtures, Double Vanity, Kitchen Island, Multiple Master Suites, Open Floorplan, Pantry, Walk In Closets
- Fireplaces 1
- Fireplace Features Electric, Living Room, Insert
Lot & Exterior
- Pool Features Gunite, In Ground, Outdoor Pool, Pool, Private
Parking
- Parking Concrete, Door Multi, Driveway, Garage Faces Front, Garage, Garage Door Opener, Lighted
- Garage Spaces 3
- Covered Parking 3
- Attached Garage Yes
Utilities
- Utilities Electricity Available, Sewer Available, Separate Meters, Water Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Amy Parks-Heath — Rockwall ISD
- Middle Cain — Rockwall ISD
- High Rockwall-Heath — Rockwall ISD
Listing Information
- MLS Board NTREIS
- List Date 09/16/2026
- Source Updated 10/23/2026
- Last Updated 10/23/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 508 Summit Circle
Rockwall CAD (TrueProdigy) records for 508 Summit Circle, Heath, TX 75032 show a CAD market value of $605,754 and a net appraised value of $605,754. 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 508 Summit Circle, Heath, TX 75032, 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 $185,000 + Improvement Value $420,754 = CAD Market Value $605,754
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: $420,754 Total Area: 5596 Sqft Living Area: 3750 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 1,859 Sqft |
| MAIN AREA | MA | 1,891 Sqft |
| ATTACHED GARAGE | AG | 832 Sqft |
| COVERED PORCH | CP | 42 Sqft |
| COVERED PORCH | CP | 660 Sqft |
| BALCONY | BA | 312 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.
No standard exemptions or CAD reductions were detected in the current record.
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 $605,754 − All Current CAD Reductions $0 = Current Taxed Starting Point $605,754
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
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 HEATH |
$605,754 | 0.2757 | $1,670 | — | $1,670 |
|
County
ROCKWALL COUNTY |
$605,754 | 0.2510 | $1,520 | — | $1,520 |
|
School District
ROCKWALL ISD |
$605,754 | 1.0669 | $6,463 | — | $6,463 |
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) $9,653 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $9,653
The current CAD record does not establish an exemption tax savings calculation. A buyer’s future tax bill may differ.
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 | $144,450 | — | $144,450 | $144,450 | +$21,400 / +17.39% |
| 2022 | $235,000 | — | $235,000 | $235,000 | +$90,550 / +62.69% |
| 2023 | $270,250 | — | $270,250 | $270,250 | +$35,250 / +15.00% |
| 2024 | $250,000 | — | $250,000 | $250,000 | -$20,250 / -7.49% |
| 2025 | $250,000 | — | $250,000 | $250,000 | — |
| 2026 | $185,000 | $420,754 | $605,754 | $605,754 | +$355,754 / +142.30% |
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 $1,299,000 − Current CAD Market Value $605,754 = Over CAD Value +$693,246 (+114.4%)
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 COVERIDGE
A curated look at local favorites, everyday stops, and lifestyle context near this property.