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$799,000

3522 S Island Drive, Chandler, TX, 75758

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,949 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$409.95 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Tile

Exterior

Exterior FeaturesBoat Slip, Dock, Rain Gutters

Building Information

Year Built1996
Roof Type105
Garage Spaces2

Land Information

APN2165-0000-0550-10
Lot Number55
SubdivisionBluewater Key (116)
Land UseResidential
Legal DescriptionLT 55 AB 8 W FERGUSON SUR, BLUE WATER KEY, LT 55, C/181
Census Tract950102
Assessed Land Value$210,000
Assessed Improvement Value$429,912
Assessment Year2025

About this property

Experience refined lakeside living in this beautifully appointed waterfront residence, offering 1,949 square feet of thoughtfully designed space on a generous .34-acre lot with captivating open-water views. This three-bedroom, two-bath home seamlessly blends elevated comfort with modern sophistication, highlighted by soaring ceilings and tasteful updates throughout. The inviting living area serves as the heart of the home, anchored by a charming wood-burning fireplace and framed by scenic lake vistas. A light-filled sunroom provides the perfect setting for peaceful mornings and unforgettable sunset views, while the expansive covered deck creates an exceptional outdoor living space ideal for entertaining or relaxing in a tranquil setting. Designed with both convenience and functionality in mind, the property features a full-perimeter bug misting system extending to the boathouse, an extra-deep garage, oversized storage shed, and a spacious fenced backyard. A long private driveway offers ample parking for residents and guests alike. Boating enthusiasts will appreciate the private boathouse situated in deep water, complete with a new 10,000 lb. boat lift and the option to extend the dock. Located on the highly sought-after Lake Palestine, known for premier fishing and recreational boating, the community further enhances the lifestyle with a private boat launch and secure trailer storage. Ideally positioned for both privacy and accessibility, the property is located approximately 1.5 hours from Dallas, under 30 minutes from Tyler, and within three hours of Austin and Houston—making it a perfect primary residence or luxurious weekend escape.

Investor Tools

Property Icon
$806,000
Estimated Property Value
$0Estimated Mortgage Balance
$299,078Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,836 /month
Positive
Cash Flow Estimate:
$1,612 /month

Interested in this property?

Toni Scott

Century 21 First Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,190/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,245
$639,912
2025
$210,000
$429,912
$639,912
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,245
$639,912

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Us Bank Na
Conventional
$544,000
No
First
Sep 2, 2022
Oct 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$506,922
$299,078
37%
63%
$3,262/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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: Chandler

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3522 S Island Drive | Property Details | No Agent List