- Rockwall County
- Rockwall TX
- 75087
- Local Area: Highlands
- Rockwall ISD
- Wooded Lot
- Covered Parking
- Estate Lot
- Covered Patio
Property Overview
Welcome to 1056 Olympic Drive in Rockwall, Texas! Built in 2022, this beautiful home offers 2,607 square feet of thoughtfully designed living space, combining modern elegance, comfort, and functionality. Situated on a desirable corner lot, the property features breathtaking backyard views of mature trees and a peaceful greenbelt, creating a beautiful natural setting to enjoy year round. With stylish finishes, modern design, and an inviting atmosphere, this home offers the perfect blend of luxury and everyday living. Enjoy the added benefits of NO MUD and NO PID, along with a desirable Rockwall tax rate. Conveniently located just minutes from Downtown Rockwall, shopping, dining, and entertainment. Don’t miss this incredible opportunity to own a beautiful, newer home with stunning greenbelt views in a prime Rockwall location. Schedule your private showing today!
HAVE QUESTIONS ABOUT THIS HOME?
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HAVE QUESTIONS ABOUT THIS HOME?
Text or email Steavy directly from this listing.
Property highlights
Year Built 2022
School District Rockwall ISD
HOA $70 Monthly
Parking 2-car garage, 2 covered
Architecture Detached
Outdoor Living Covered Patio
Fireplace 1 Fireplaces
Neighborhood Highlands
Full Property Details
Property Details
PROPERTY HIGHLIGHTS
Quick Details
- Price $549,990
- Status Active
- Bedrooms 4
- Bathrooms 4
- Square Feet 2,607 Sq Ft
- Lot Size 0.16 acres
- Lot Size Sq Ft 7,057
- Year Built 2022
- Price / Sq Ft $211 / Sq Ft
- MLS # 21425510
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Rockwall
- Subdivision Highlands
- Days on Market 1
Home Details
- Architectural Style Detached
- Stories 2
- Levels Two
- Full Baths 3
- Half Baths 1
- Heating Central, Energy Star Acca Rsi Qualified Installation, Energy Star Qualified Equipment
- Cooling Central Air, Energy Star Qualified Equipment
- Property Attached Yes
Kitchen & Interior
- Appliances Dishwasher, Gas Cooktop, Gas Oven, Microwave, Tankless Water Heater
- Interior Features Decorative Designer Lighting Fixtures, Eat In Kitchen, Granite Counters, High Speed Internet, Open Floorplan, Smart Home, Cable Tv, Walk In Closets, Wired For Sound
- Laundry Features Laundry In Utility Room
- Fireplaces 1
- Fireplace Features Living Room
- Security Features Carbon Monoxide Detectors, Fire Alarm
Lot & Exterior
- Lot Features Corner Lot
- Fencing Back Yard
- Pool No
Parking
- Parking Driveway, Garage, Garage Door Opener
- Garage Spaces 2
- Covered Parking 2
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $8,495
- HOA Fee $70 Monthly
- HOA Includes Association Management, Maintenance Grounds
- Parcel Number 000000101746
- Legal Description THE HIGHLANDS, BLOCK A, LOT 12
- Tax Block A
- Tax Lot 12
Utilities
- Utilities Sewer Available, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- School District Rockwall ISD
- Elementary Dobbs — Rockwall ISD
- Middle Herman E Utley — Rockwall ISD
- High Rockwall — Rockwall ISD
Listing Information
- Listing Agent Denis Isakovic
- Brokerage Only 1 Realty Group North Dallas
- MLS Board NTREIS
- List Date 10/31/2026
- Source Updated 11/02/2026
- Last Updated 11/02/2026
- Virtual Tour View Virtual Tour (PropertyPanorama)
Property Tax & CAD Valuation for 1056 Olympic Drive
Rockwall CAD (TrueProdigy) records for 1056 Olympic Drive, Rockwall, TX 75087 show a CAD market value of $535,313 and a net appraised value of $535,313. 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 1056 Olympic Drive, Rockwall, TX 75087, 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 $120,000 + Improvement Value $415,313 = CAD Market Value $535,313
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: $415,313 Total Area: 2865 Sqft Living Area: 2356 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| MAIN AREA | MA | 1,328 Sqft |
| ATTACHED GARAGE | AG | 420 Sqft |
| COVERED PORCH | CP | 65 Sqft |
| COVERED PORCH | CP | 24 Sqft |
| MAIN AREA | MA | 1,028 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 a homestead exemption. Reduces Rockwall ISD taxable value by $140,000 (from $535,313 net appraised value to $395,313 school taxable value). Current owner’s exemption, not guaranteed to transfer to buyer.
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 $535,313 − All Current CAD Reductions $0 = Current Taxed Starting Point $535,313
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
Taxable-value reduction for applicable school district (Rockwall ISD); current owner’s exemption, not guaranteed to transfer to buyer. Other local taxing units on this record apply $0 exemption reduction (taxed at $535,313 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 |
$535,313 | 0.2575 | $1,378 | — | $1,378 |
|
County
ROCKWALL COUNTY |
$535,313 | 0.2510 | $1,344 | — | $1,344 |
|
School District
ROCKWALL ISD |
$395,313 (H) | 1.0669 | $5,711 | -$1,494 | $4,218 |
(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) $8,433 − Est. Tax Reductions / Savings $1,494 = Est. Taxes (With Current Exemptions) $6,940
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $1,494. 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 $6,940 with the exemptions shown today and $8,433 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 |
|---|---|---|---|---|---|
| 2021 | $12,000 | — | $12,000 | $12,000 | — |
| 2022 | $37,500 | — | $37,500 | $37,500 | +$25,500 / +212.50% |
| 2023 | $37,500 | $284,461 | $321,961 | $321,961 | +$284,461 / +758.56% |
| 2024 | $120,000 | $390,000 | $510,000 | $510,000 | +$188,039 / +58.40% |
| 2025 | $120,000 | $411,287 | $531,287 | $531,287 | +$21,287 / +4.17% |
| 2026 | $120,000 | $415,313 | $535,313 | $535,313 | +$4,026 / +0.76% |
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 $549,990 − Current CAD Market Value $535,313 = Over CAD Value +$14,677 (+2.7%)
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 HIGHLANDS
A curated look at local favorites, everyday stops, and lifestyle context near this property.