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613 Rustic Ridge Drive

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

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

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:

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

Rogers Healy and Associates

Broker

$2M

vol

3 deals

Broker

Rockwall Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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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