Newly Remodeled Waterfront Getaway Lake Palestine with Guest ADU & Workshop!
Waterfront living and investment potential - beautifully updated 3BR, 2BA home, plus a 1BR, 1BA ADU inside a spacious 2-car workshop. Located on deep water in a prime Lake Palestine spot, it's perfect as a full-time residence, weekend retreat, or high-income rental!
Main Home:
Newly remodeled modern finishes; pen-concept living with breathtaking lake views
Updated kitchen with stylish appliances & ample storage; Spacious primary suite with en-suite bath; large windows bring in natural light
ADU & Workshop:
1BR, 1BA - great for guests, rental income, or home office with full kitchen; Private entrance
2-car workshop with storage for lake toys or hobbies
Waterfront Perks & Rental Potential:
Deep water access; stunning views; potential for private dock
Prime short-term rental: Evolve estimates $35K-$80K annually; Projected rates: $150-$300/night (standard), up to $900/night (peak)
Property Type(s):
Single Family
|
Last Updated
|
7/16/2025
|
Tract
|
Lakeway Harbor
|
|
Year Built
|
2000
|
Community
|
84
|
|
Garage Spaces
|
2.0
|
County
|
Smith
|
SCHOOLS
| School District |
284 - Bullard |
| Elementary School |
BULLARD ELEMENTARY SCHOOL |
| Jr. High School |
BULLARD MIDDLE SCHOOL |
| High School |
BULLARD HIGH SCHOOL |
Price History
|
Prior to Apr 9, '25
|
$750,000 |
|
Apr 9, '25 - May 27, '25 |
$744,500 |
|
May 27, '25 - Jul 3, '25 |
$649,500 |
|
Jul 3, '25 - Jul 7, '25 |
$595,000 |
|
Jul 7, '25 - Jul 16, '25 |
$614,000 |
| Jul 16, '25 - Today |
$559,000 |
Additional Details
| AIR |
Ceiling Fan(s), Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Disposal, Electric Cooktop, ENERGY STAR Qualified Appliances, Gas Cooktop, Microwave, Oven, Refrigerator |
| AREA |
84 |
| CONSTRUCTION |
Cement Siding |
| GARAGE |
Yes |
| HEAT |
Central, Electric |
| HOA DUES |
100|Annually |
| INTERIOR |
Crown Molding, Kitchen Island, Pantry, Walk-In Closet(s), Wired for Sound |
| LOT DESCRIPTION |
Waterfront |
| PARKING |
Workshop in Garage |
| SEWER |
Septic Tank |
| STORIES |
2 |
| STYLE |
Contemporary/Modern |
| SUBDIVISION |
Lakeway Harbor |
| TAXES |
2310 |
| WATERFRONT |
Yes |
| WATERFRONT DESCRIPTION |
Lake Front |
Location
Listed with Miller Homes Group
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