1999 sqft | 4 beds | 3 baths | 0.74 acres | #20859106
Description
Newly Remodeled Waterfront Home on Lake Palestine with Guest ADU & Workshop!
Experience the best of lakefront living and investment potential with this beautifully updated 3BR, 2BA home, featuring a 1BR, 1BA ADU inside a spacious 2-car workshop. Situated on deep water in a sought-after location on Lake Palestine, this property is perfect for full-time residence, a weekend getaway, or a high-income vacation rental!
Main Home Features:
Newly remodeled with modern finishes throughout Open concept living with breathtaking lake views
Updated kitchen with stylish appliances & ample storage
Spacious primary suite with en-suite bath
Large windows for natural light and stunning water views
Additional Dwelling Unit (ADU):
1BR, 1BA – ideal for guests, rental income, or a home office
Private entrance for added flexibility
2-Car Workshop:
Plenty of space for storage, hobbies, or lake toys
Attached ADU offers a convenient multi-use space
Waterfront Perks:
Deep water access – perfect for boating, fishing, and water sports
Stunning lake views with potential for a private dock
Vacation Rental Potential:
Evolve estimates annual rental income between $35K–$80K
Potential rental rates: $150–$300 per night (standard) or $900 per night (peak demand)
Prime location for short-term rental success
Don't Miss This Incredible Opportunity!
Property Details
- InteriorBuilt-in Features, Cable TV Available, Decorative Lighting, Double Vanity, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High S
- Utility FeaturesCable Available, Electricity Connected, Gravel/Rock, Individual Water Meter, Phone Available, Private Road, Private Sewer, Propane, Rura
- Exterior MaterialsCovered Deck, Covered Patio/Porch, Rain Gutters, Lighting
- Lot DescriptionAcreage, Cleared, Lrg. Backyard Grass, Waterfront
- Property SubtypeSingle Family Residence
- StyleContemporary/Modern
- FoundationCombination, Slab
- SubdivisionLakeway Harbor
- School DistrictBullard ISD
- Property TypePurchase
- MLS #20859106
- MLS #20859106
- Square Feet1999.00
- Elementary SchoolBullard
- Acres0.7430
- Cost750000
- CountySmith
- Year Built2000
- Hoa Fees125
- Bedrooms4
- Bathrooms3
- Full Baths3
- Parking Spaces2
Location
Legal
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Last Updated: . Source: NTREIS
Listing Courtesy
Listing Agent: Gina Russell (#0755328), Phone: (903) 504-5474
Listing Office: Miller Homes Group PLLC (#MHGR01)
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