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Shaquille O'Neal Acquires Six-Bedroom Property In Heath For $2.008M

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SOLD
$2,008,800

Texas

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Single Family5,136 SF
Sold 04/03/2024
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Property Image
SOLD

Shaquille O'Neal Acquires Six-Bedroom Property In Heath For $2.008M

613 Rustic Ridge Drive

See Similar Deals
Single Family5,136 SF
Sold 04/03/2024
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Summary

TEXAS
Asset Type:Single Family
Price Per Square Foot:$391
Total Square Footage:5,136 SF
Transaction Type:Sale

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:

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.

Players

Zac Gideo
3 deals$2M volume
BROKER

Donna Mcdonald
Ebby Halliday
1 deal$2M volume(214) 794-2535
BROKER

Details

SOLD
IMAGE: Zac Gideo, Shaquille O'Neal & Donna Mcdonald DATE: 04/03/2024 ADDRESS: 613 Rustic Ridge Drive MARKET: Heath ASSET TYPE: Single Family ~ SF: 5,136 BUYER: Shaquille O'Neal (@Shaq) BUYER'S REP: Zac Gideo (@ZacGideo) - Rogers Healy and Associates SELLER'S REP: Donna Mcdonald - Ebby Halliday (@EbbyHalliday_realtors) SALE PRICE: $2,008,800 SF: 5,136 ~ PPSF: $391 NOTE: Shaquille O'Neal's Chexy Trust has acquired a six-bedroom, six-bath property in Heath, Texas, near Dallas, adding to his North Texas portfolio. The $2.3 million home, featuring modern Mediterranean architecture, a guest house, and a saltwater pool, follows his 2022 purchase in Carrollton.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$107,136.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,136.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,522.74
Annual Debt Service$114,272.84