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$229,900

240 Pvt Rd 5516, Palestine, TX, 75801

$298,870 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,880 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$122.29 / sqft
Year BuiltBuilt in 2017

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
FlooringConcrete

About this property

A lakeside barndo awaits your finishing touches! Relax under the pergola on the back porch and watch the sun set over the lake, take your boat out for fishing, enjoy the swimming dock anchored offshore, or just laze in the hammock and watch the ducks. This is a rare opportunity to own a 3/2 with an extra loft/flex space on the east shore of beautiful and private Lake Mary, an East Texas gem. This barndo is a mostly complete home in need of your final detail work and comes with a detached carport with exterior storage or a work area. The purchase of these improvements is accompanied by the possession of two lake shares granting access/use of three adjacent lake lots.

Investor Tools

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$0
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$298,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,379 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$1,000/month
5.947%

Learn About the Market: Opportunity in Texas

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Explore

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

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Palestine

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240 Pvt Rd 5516 | Property Details | No Agent List