5402 Peninsula Way
Garland, TX, 75043 $ 419,000
Bedrooms3 Baths2.0 Sq 1,785 Monthly Estimate*
$ 2,646
for $419,000 with 3 bedrooms and 2 full baths. This 1,785 square foot home was built in 1983 on a lot size of 0.224.
Homes like this don't come along often on Rockwall lake. Fully renovated just a few years ago and a proven Airbnb performer with years of strong, steady income, this one is ready for its next chapter...your family's home, your smartest investment, or both. Tucked against an expansive greenbelt with views of the lake, the backyard is where this home truly shines. A sparkling private pool anchors the patio, framed by a shaded pergola, a quiet retreat where the only neighbors behind you are trees, water, and Texas sunsets. Inside, soaring vaulted ceilings, wood-look tile, and walls of windows fill the open living and dining areas with natural light. The showstopping floral accent wall with its neon 'Hello Gorgeous' sign has made this home instantly recognizable to guests, and endlessly photogenic. The kitchen pairs warm wood cabinetry with black granite, stainless appliances, and a bay window framing the lake, while the skylit dining space seats eight with French doors opening straight to the pool. And yes, it comes with the arcade. A dedicated game room loaded with classic arcade cabinets, air hockey, and shuffleboard has been a guest favorite for years and sets this property apart from everything else on the lake. Spacious bedrooms include a serene king suite with sitting area and backyard access, plus a bunk room guests love. The spa-inspired primary bath features dual vanities and an oversized walk-in shower with two showerheads, a built-in bench, and a gorgeous arched stained-glass window. Lake views, greenbelt privacy, resort-style pool, and documented short-term rental income, flexibility and lifestyle that rarely hit the market in Rockwall. Come experience it in person at the open house.
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FeaturesInteriorInterior Features Built-in Features Decorative Lighting Double Vanity Open Floorplan
Basement Y/N 0
Dining Areas 1
Living Areas 1
Half Baths 0
Total Bedrooms 3
Total Baths 2
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GeneralHeating Central
Cooling Central Air
Utilities City Sewer City Water Individual Gas Meter Individual Water Meter
Possession Closing/Funding
Roof Composition
Appliances Dishwasher Disposal Dryer Electric Cooktop Microwave Refrigerator Washer
Number of Garage Spaces 2
School District Garland ISD
Pool Y/N 1
Exclusions All personal belongings and furniture is excluded. Appliances negotiable.
Year Built 1983
Levels One
Property Subtype Single Family Residence
Subdivision Name Anchor Point
Transaction Type For Sale
Occupant Type Vacant
County Dallas
Property Type Residential
Construction Materials Brick
Year Built Details Preowned
HOA Type None
Full Baths 2
Status Active
Directions See Google Maps
City Garland
Elementary School Name Choice Of School
High School Choice Of School
Elementary School Choice Of School
Standard Status Active
Listing Terms Cash Conventional FHA VA Loan
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ExteriorWaterfront 1
Fencing Back Yard
Lot Size Source Public Records
Parking Features Garage Garage Double Door
WaterFront Features Lake Front
Lot Size Less Than .5 Acre (not Zero)
Pool Features In Ground
Structural Style Single Detached
Garage Y/N 1
Attached Garage Y/N 1
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $2,646
- Monthly Property Taxes
- $617
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Garland, TX
Average List Price $370,437
Percent of Sale Price 12%
About Garland, TX 243,260 Population
13% Since 2002
$ 53,768 Median Income
35.32 Median Age
36% Households with Children
Trends Information provided by ATTOM Data Solutions.
288269 Elementary School
5136499 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/14/2026 | $419,000 | | Listed Price |