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$1,130,000
NAL Estimated Property Value1217 Shahan Prairie Rd, Little Elm, TX, 75068
3 Beds
2 Bath
5,800 Sq Ft
Single Family Residence
$568.1 / sqft
Built in 1992Property Lead Type:
Highlights
Interior
Bedrooms 3
Bathrooms Full 2
Garage AvailableExterior
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About this property
Offering 4.5 ACRES of GORGEOUS LAKEFRONT Property complete w Main House, Guest house & 3 Unit Apartment building which currently nets over $75K per year! Currently installing 3 New Roofs & Siding due to recent storm. HVAC in Main House replaced Dec 23. Nestled in the Cove at Oak Point,on Lake Lewisville, in Little Elm at the Peninsula. No HOA or Deed Restrictions is a bonus and you have more space to play and build on. The 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 Hse with 2 Apartments & 4 car Garage, plus a 3 Apartment Unit built in 2022. 1 Bd 1 Bth w Kitchen & Living Room* 700 sq ft complete. Building has 5 Bay Garage *10ft High Doors* partially climate controlled w Storage Closet for Each Unit & a shared Laundry. 2 Slip Boathouse w Active Permit. This is what you have been looking for! Enjoy Beautiful Sunrise & Sunsets along with Fishing, Swimming & a relaxed Lake lifestyle year round,
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Learn About the Market: Opportunity in Texas
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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
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Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Little Elm
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