Residential Income For Sale – – 8 Bedrooms – 7 Bathrooms – Price $3,295,000 – 20420836

Property Description

Offering 4.5 ACRES of LAKEFRONT Property complete w Main House, a Guest house w 2 Apts & a 3 Unit APT Buildin PRODUCING currently over $75K Annually! Located on Lake Lewisville, nestled in the Cove at Oak Point in Little Elm at the Peninsula. Getting 3 new Roofs due to recent storm. HVAC replaced Dec 23. NO HOA or Deed Restrictions & room still to build out or add on. Property boasts a 3 Bed 2 Bath Main House with over 2,000 sq ft. Enjoy great views of the Lake from every angle. Separate Guest House with 2 Apartments & 4 car Garage, Plus a 3 Unit Apartment built in 2022, Each unit has 1Bed,Bth Kitchen & Living Area pus a Bay Garage *10ft High Doors* that it partially climate controlled in Garage plus a Storage Closet for each Unit. Also has shared Laundry & Ice Machine downstairs. Property has 2 slip Boathouse w Active Permit. Make this your own little piece of Texas and enjoy the Sunrise & Sunsets along with Fishing, Swimming & a relaxed Lake-Lifestyle all year round!

Listing Information

List Agent Mls Id: 0562462
List Office Mls Id: EBBY31
Listing Term: Cash, Conventional
Mls Status: Active Under Contract
Modification Timestamp: 2025-02-06T18:42:04Z
Originating System Name: NTR
Special Listing Conditions: Standard
Status Change Timestamp: 2025-02-06T12:41:50Z

Basic Details

Property Type: Residential Income
Listing Type: For Sale
Listing ID: 20420836
Price: $3,295,000
Bathrooms: 7
Year Built: 1992
Lot Area: 4.47 Acre
Status: Active Under Contract
Waterfront Yn: 1
Listing Status: Active Under Contract
Office Name: Ebby Halliday Realtors
Agent Name: Kristen Trest
Full Bathrooms: 7
Roof: Composition

Features

Swimming Pool None
Heating System Central, Electric
Cooling System Central Air, Ceiling Fan(s), Electric
Fence Metal
Patio Front Porch, Patio, Balcony
Parking Garage Door Opener, Oversized, Garage, Garage Faces Front, Driveway, Additional Parking, Concrete, Gravel, Lighted, Other, Circular Driveway, Inside Entrance, Boat, Common, Deck, Parking Pad, Golf Cart Garage, Paved, Heated Garage, Door-Multi
Utilities Sewer Available, Cable Available, Water Available, Septic Available
Waterfront Features Lake Front, Waterfront
Exterior Features Private Yard, Balcony, Dog Run, Lighting, Storage, Other, Dock, Playground, Boat Slip
Flooring Tile
Interior Features High Speed Internet, Cable TV
Sewer Aerobic Septic, Septic Tank, Private Sewer

Appliances

Dishwasher
Disposal
Microwave
Electric Cooktop
Gas Water Heater

Address Map

Country US
State TX
County Denton
City Little Elm
Subdivision Dm Cule
Zipcode 75068
Street: Shahan Prairie
Street Number: 1216
Street Suffix: Road
Longitude: W97° 2' 42.9''
Latitude: N33° 9' 58.8''
Directions: GPS best. Once you turn on Shahan Prairie Rd, go almost to the end of the peninsula. Property has 2 driveways, into the Main & Guest House, plus the Apartment BLDG. . Enjoy the views on this Beautiful 4.5 Acre of Prime Lakefront property & be sure to check out the BOATHOUSE!

Neighborhood

Elementary School: Oak Point
Elementary School District: Little Elm ISD
High School: Little Elm
High School District: Little Elm ISD

Additional Information

Water Body Name: Lewisville
Attached Garage Yn: 1
Building Size: 4643
Community Features: Fishing, Lake, Laundry Facilities
Construction Materials: Brick, Wood Siding, Rock, Stone
Foundation Details: Slab
Garage: 9.0
Levels: Two
Lot Features: Landscaped, Sprinkler System, Acreage, Irregular Lot, Many Trees, Waterfront, Other, Back Yard, Lawn
Number Of Units Total: 6

Financial

Tax Annual Amount: 12721.0

Slide

Key Strategies for Success in Real Estate Investment: Focus on the Buy-and-Hold Strategy

Real estate investment is a fascinating and lucrative field that has attracted many investors seeking growth opportunities and long-term wealth...

View +

Slide

Buying A Home

Buying a home is an exciting and complex adventure. It can also be a very time-consuming and costly one

View +

Slide

Get Pre Approved To Buy A Home

Buying a home is an exciting and complex adventure. It can also be a very time-consuming and costly one

View +

Slide

How To Choose A Neighborhood For Your Home Search

Narrow your home search by identifying neighborhoods that are right for you.

View +

Slide

Distressed Homes

Buying a distressed home can be very exciting or it can be quite a challenge for some people. We at Angel Realtors think that the whole process is quite an exciting project.

View +

Slide