Selected for the Terner Labs Housing Venture Lab

2712 Lakewood Drive, Rowlett, TX 75088

Active
Listed 2 days ago
Owner-Occupant Eligible
$1,100,000

About $6,242 a month to live here, after the rent from the other home.

House + ADU3,048 sqft3 beds4 bathsListed Nov 11, 2026

A house with a second home on the lot. Live in one and rent out the other. How it works

Live here for about

$6,242a month

The second home on the lot rents for $1,138. We hold back $205 of that for repairs and an empty month, and the rest goes toward a $7,175 monthly payment.

Income to qualify: about $190,000 a year

With how much down?

At 20% down ($220,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $144,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$33,000 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Luxury lakefront living on Lake Ray Hubbard doesn't get much better than this! Situated on a third of an acre in Rockwall ISD, this exceptional property offers a rare combination of waterfront amenities, character, flexible living spaces, and extensive improvements. Enjoy beautiful lake views, private dock access, a boat lift, two jet ski lifts, a sea wall, and a kayak rack, all right in your backyard. The outdoor living spaces are equally impressive, featuring a two-level deck, outdoor fans, a fire pit, and a welcoming front courtyard. Inside, a wall of windows brings the lake views into the kitchen and dining area, while exposed wood beams and a stunning two-sided fireplace create warmth in the living room and dining room. The renovated kitchen is equipped with a built-in Sub-Zero refrigerator and Viking gas range. One of the home's most unique features is its versatile guest retreat, complete with four built-in bunk beds, a full kitchenette, and doors that allow the space to function independently or as part of the main home. Perfect for visiting family, extended stays, or multigenerational living. An enclosed lake-view solarium offers another place to relax, with windows that open to the breeze and its own heating and cooling system. Additional living spaces include an expansive game room with direct deck access and a full bath, plus a remarkable library and office space that feels straight out of a movie! The thoughtful updates extend well beyond cosmetics, including updated electrical wiring, a whole-house Generac generator, extensive kitchen and bath renovations, new flooring, foundation work, HVAC improvements, and more. Enjoy the added benefit of a lake-fed sprinkler system, beautiful pecan and fig trees, landscaping, and a perimeter mosquito misting system. A circle drive, two-car garage, with a workshop storage area complete the package. This is more than a home on the lake. It is a place to gather, entertain, and enjoy the waterfront lifestyle every day.

House + ADU

Property Type

14,985 sqft

Lot Size

1980

Year Built

Listing Date: 11/11/2026

Listed by: Jason Otts

Listing office: Keller Williams Realty Allen

Source: NTREIS #21431534

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$1,100,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,100,000
Your Down Payment$220,000
Financed$880,000
Estimated Monthly Payment$7,175

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($220,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$7,175/month
Principal + Interest
$5,276
Property Taxes
$1,323
Home Insurance
$576
Rental Income (1 Unit)
$1,138/month

From the listing description.

Rental Expenses
-$205
Cost to live here
$6,242/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

NTREIS logo

MLS# 21431534 · Listing office: Keller Williams Realty Allen

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.