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$899,900

202 W GERMANY ST, Lone Star, TX, 75568

On MarketInfo
Beds— Beds
Baths2 Bath
Baths1,200 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$749.92 / sqft
Year BuiltBuilt in 2023

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms 2Bathrooms 2
AppliancesElectric Water Heater

About this property

Welcome to a one-of-a-kind waterfront retreat located on Lone Star Lake (Ellison Creek Reservoir), sitting high on a hill and surrounded by water, where the views, the steady breeze, and the possibilities are truly unmatched. This unique property is perfectly designed for entertaining, relaxation, and incredible investment opportunity. At the heart of the property is a large, covered metal pavilion featuring a custom bar area with built-in seating that creates a fun, tropical atmosphere. The bar is equipped with coolers to keep drinks ice-cold, making it the ideal gathering spot for guests and events. Nearby, a food trailer is already in place for cooking and serving, making it perfectly suited for concessions, parties, or venue use. The property includes two separate his-and-her bathroom buildings, along with an office space conveniently located between one set, plus two outdoor rain-head showers that are perfect for rinsing off after a day spent enjoying the sun and water. A massive sun deck overlooks the stunning waterfront and provides abundant space for tables, chairs, and large gatherings. Picnic areas are scattered throughout the property, offering peaceful spots to relax and take in the breathtaking scenery. A sandy beach area creates a perfect place for swimming and play, while shoreline boat access adds even more recreational appeal. Formerly known as a popular water park obstacle course adventure destination, this property still holds tremendous potential. Whether you envision a private event venue, wedding destination, marina, restaurant, entertainment park, nightly rental cabin development, or a family recreation retreat, the opportunities here are truly endless. If you’re searching for a rare investment opportunity with unforgettable views, existing amenities, and limitless possibilities, this waterfront gem is ready to bring your vision to life.

Investor Tools

$0Estimated Mortgage Balance
$899,900Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,399 /month
Positive
Cash Flow Estimate:
$1,800 /month

Interested in this property?

Bree Shimpock

Texas Real Estate Executives, The Daniels Group - Gilmer

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Lone Star

202 W GERMANY ST | Property Details | No Agent List