Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$792,689$185 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 90How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $505,000 on Jul 21, 2016

2440 WATER WAY

ROCKWALL, TX 75087
5
Beds
4
Baths
4,291 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.61 ac
Lot SizeThe size of the land the home sits on, from county records.
2004
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$793K
$715K low$870K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$505,000 · Jul 21, 2016
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$388,689
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$310,951
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.50%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$404,000
GUARANTY FEDERAL MORTGAGE LLC · recorded Jul 21, 2016

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$13,179 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$836,473 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$245,500
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$590,973
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$836,571
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$836,473

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.175 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyROCKWALL
Lot (acres)The size of the land the home sits on, from county records.0.61
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.Yes
ViewThe type of view from the property, or another feature of the site that affects value.Water View
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 159 ft²Patio · 159 ft²Porch · 397 ft²

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Grace Hartman Elementary SchoolA+
Elementary · Grades PK–6 · 1.1 mi
M
J.W. Williams Middle SchoolA-
Middle · Grades 7–8 · 2.1 mi
H
Rockwall High SchoolA
High · Grades 10–12 · 3.5 mi

District: Rockwall Independent School District

Neighborhood · ZIP 75087These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.73
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.99
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.27

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.32%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.3.6%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.54,034
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,581 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$119,886
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$149,394
Average tempThe average temperature here across a full year.65°F
Annual precipHow much rain and melted snow falls here in a typical year.41 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.62%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

2440 Water Way measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Among the most valuable homes in The Shores
  • Bigger than 97% of homes in The Shores
  • Has a bigger lot than 98% of homes in The Shores
  • Newer than 76% of homes in The Shores

What homes are worth in Rockwall 75087

Each bar is how many homes fall in that price range. The marker is this home.

This home
$247K$935K

This home is worth more than 95% of homes in Rockwall 75087.

How it measures up in Rockwall 75087

The dot is this home. The mark in the middle is the typical home in Rockwall 75087.

Estimated value$792,689
CheaperTypical $456,048Pricier

Pricier than 95% of homes nearby

Price per ft²$185
CheaperTypical $183Pricier

Pricier than 52% of homes nearby

Living area4,291 ft²
SmallerTypical 2,558 ft²Bigger

Bigger than 97% of homes nearby

Lot size0.61 ac
SmallerTypical 0.21 acBigger

Bigger than 93% of homes nearby

Year built2004
OlderTypical 2005Newer

Newer than 48% of homes nearby

How 2440 Water Way ranks against every home in each area.
MeasureThis homeThe ShoresRockwall 75087Rockwall County
Estimated valuepricier than$792,689almost all homes95% of homes89% of homes
Price per ft²pricier than$18563% of homes52% of homes52% of homes
Living areabigger than4,291 ft²97% of homes97% of homes95% of homes
Lot sizebigger than0.61 ac98% of homes93% of homes84% of homes
Year builtnewer than200476% of homes48% of homes49% of homes

About 2440 Water Way

How much is 2440 Water Way, Rockwall, TX worth?

The TopHap Estimate for 2440 Water Way, Rockwall, TX is $792,689 as of Jul 14, 2026. The likely range is $715,484 to $869,894. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 2440 Water Way, Rockwall, TX last sell?

2440 Water Way, Rockwall, TX last sold on Jul 21, 2016 for $505,000, according to the county's recorded deed.

How big is 2440 Water Way, Rockwall, TX?

2440 Water Way, Rockwall, TX has 5 bedrooms, 4 bathrooms, 4,291 square feet of living space and a 0.61-acre lot.

When was 2440 Water Way, Rockwall, TX built?

2440 Water Way, Rockwall, TX was built in 2004, making it 22 years old. The building has 1 story.

What schools serve 2440 Water Way, Rockwall, TX?

2440 Water Way, Rockwall, TX is assigned to Grace Hartman Elementary School (elementary), rated A+; J.W. Williams Middle School (middle), rated A-; Rockwall High School (high), rated A. All sit in Rockwall Independent School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 2440 Water Way, Rockwall, TX compare to other homes in Rockwall 75087?

Among the 16,688 homes in Rockwall 75087, it is worth more than 95% of them ($792,689 against a typical $456,048), its price per square foot is higher than 52% of them ($185 against a typical $183), it is bigger than 97% of them (4,291 ft² against a typical 2,558 ft²), its lot is bigger than 93% of them (0.61 ac against a typical 0.21 ac) and it is newer than 48% of them (2004 against a typical 2005). Measured against all of Rockwall County, it is worth more than 89% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 2440 Water Way, Rockwall, TX?

The 2025 property tax bill for 2440 Water Way, Rockwall, TX was $13,179. The county assessed it at $836,473.

Closest homes

More homes in Rockwall 75087

Assigned schools

Explore the area

See this home in context

Open 2440 Water Way on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map