Updated Dec 4, 2024
Shaquille O'Neal Acquires Six-Bedroom Property In Heath For $2.008M
613 Rustic Ridge Drive
$2,008,800
$391/SF
Building Size
5,136 SF
Asset Type
Single Family
Closing
Apr 3, 2024
About this deal
AI
The property at 613 Rustic Ridge Drive in Heath, Texas, was sold for $2,008,800. Spanning 5,136 square feet, this single-family home features modern Mediterranean architecture, six bedrooms, six bathrooms, a guest house, and a saltwater pool. The transaction took place with Shaquille O'Neal acquiring the property for his Chexy Trust, adding to his North Texas real estate holdings.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,008,800
- Market: Heath
- Square Footage: 5,136
- Buyer: Shaquille O'Neal
- Buyer's Representative: Zac Gideo - Rogers Healy and Associates
- Seller's Representative: Donna Mcdonald - Ebby Halliday
Zac Gideo of Rogers Healy and Associates represented Shaquille O'Neal in the transaction, while Donna Mcdonald of Ebby Halliday served as the seller's representative. This acquisition adds to Shaquille O'Neal's real estate portfolio in North Texas, following his previous purchase in Carrollton. The property's unique features and prime location make it a valuable addition to his holdings.
On the Map
$2,008,800
$391/SF
Single Family
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Rockwall Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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About $391 per square foot on a published $2M for 5,136 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.90%
Cash-on-Cash
-2.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93