$220,000
240 Private Road 5515, Palestine, TX, 75801
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About this property
Escape to the beauty of East Texas with this barndominium on gated private Lake Mary—a 14-acre spring-fed lake tucked among rolling hills and towering trees near historic Palestine. Step inside to an inviting open living, dining, and kitchen area designed for relaxed gatherings. This home offers 3 bedrooms including a spacious primary suite with loft, office, and private bath, plus two guest bedrooms with a shared bath. Easy maintenance stained concrete floors throughout. The primary suite can also serve as a second living space and opens onto a large covered back porch with serene lake views. Nestled on one of the largest lots on Lake Mary, where the fishing is great, the property is shaded by mature trees and features a pergola and ample space for outdoor enjoyment. A detached 2-car carport includes overhead door to storage for vehicles, boat, and all your lake toys. Two kayaks are included, so you can start enjoying lake life from the moment you arrive! Paddle out to the swimming platform in the center of the lake for fun! Whether full time residence or a weekend retreat, relaxing on the porch, fishing, or paddling the quiet waters will provide the lake life you desire!
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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: Palestine
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