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Days19Days on Market
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$599,950

3168 Shadow Pine Drive, Larue, TX, 75770

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1 acre

Land Information

APN3358-0000-0340-10
Lot Number34
SubdivisionLegacy Shores (91)
Land UseAgriculture / Farming
Legal Description34 AB 178 W T CARTER SUR, LEGACY SHORES, LT 34, (RE:TR 1) G/317
Census Tract951401
Assessed Land Value$302,400
Assessment Year2025

About this property

2 Acres with nearly 300 ft of shoreline with open water views in Legacy Shores at Lake Palestine. Discover a rare opportunity to own two premier waterfront lots in the exclusive gated community of Legacy Shores on beautiful Lake Palestine. Spanning approximately two acres combined, these exceptional homesites offer nearly 300 feet of shoreline and breathtaking panoramic views across the open water. Partially wooded with mature pine trees, the property provides the perfect balance of privacy, natural beauty, and stunning lakefront scenery. Whether you envision a luxurious custom lake estate, a family retreat, or a legacy property to be enjoyed for generations, these lots offer ample space and flexibility to bring your vision to life. Wake up each morning to spectacular sunrises over the lake, enjoy peaceful afternoons shaded by the pines, and spend evenings taking in wide-open water views from your future back porch. With generous shoreline frontage and a gently sloping terrain, the property is ideally suited for maximizing both lake access and views. Located within the sought-after gated community of Legacy Shores, owners enjoy the security and exclusivity of one of Lake Palestine's premier waterfront neighborhoods while remaining conveniently close to Tyler's shopping, dining, and medical facilities. Opportunities to acquire this much waterfront acreage, privacy, and open-water frontage in Legacy Shores are increasingly rare. Build your dream lakefront retreat and experience the best of East Texas lake living.

Investor Tools

$135,935Estimated Mortgage Balance
$166,465Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

Interested in this property?

Matthew Wood

Scout RE Texas

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$530/month
$2,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,842
$302,400
2025
$302,400
N/A
$302,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,842
$302,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Trust Group Llc
Purchase Money Mortgage
$150,000
No
First
Jul 14, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$135,935
$166,465
55%
45%
$900/mo

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: Larue

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