




$229,900
240 Pvt Rd 5516, Palestine, TX, 75801
Highlights
Interior
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.
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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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