$501,000
15781 Cedar Bay Dr, Bullard, TX, 75757
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Lakefront Paradise on Lake Palestine – Remodeled Home with Guest Quarters & Workshop. Welcome to this beautifully remodeled waterfront home on the serene shores of Lake Palestine. This property offers a rare combination of comfort, functionality, and scenic beauty—perfect for full-time living, weekend escapes, or investment potential. The main home features 3 bedrooms and 2 full bathrooms, all thoughtfully updated with modern finishes. Inside, the open layout is warm and inviting, with a remodeled kitchen, updated flooring, and spacious living area designed for both relaxation and entertaining. Step outside to enjoy a large, partially covered patio that offers stunning lake views—ideal for morning coffee, outdoor dining, or watching the sunset over the water. Down by the water, the private boathouse includes two boat lifts and built-in storage space, making lake life easy and accessible. Adding exceptional value to this property is a 12x24 detached guest suite, complete with a full kitchen, bathroom, living area, and a separate bedroom—perfect for visitors, multi-generational living, or potential rental income. A second 12x24 cooled workshop offers a dedicated space for hobbies, storage, or projects, making this home as functional as it is beautiful. Located in a quiet, well-kept neighborhood with no HOA, this one-of-a-kind waterfront retreat on Lake Palestine is move-in ready and waiting for new memories to be made.
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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.
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: Bullard
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