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$675,000

555 Lakeshore Dr, Palestine, TX, 75801

On MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,357 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.92 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
AppliancesDishwasher, Microwave
FlooringHardwood, Tile

Exterior

Private PoolPrivate Pool
Lot Size1.43 acres

Building Information

Year Built1975
Garage Spaces5

Land Information

APN30892
Lot Number34-35
SubdivisionHighland
Land UseResidential
Legal DescriptionHIGHLAND BLOCK 16 REVISED LOT 34, 35, 37, 38, TR A & B
Census Tract950800
Assessed Land Value$62,253
Assessed Improvement Value$498,180
Assessment Year2025

About this property

Welcome to your own private East Texas retreat in Palestine! Nestled on 1.42 beautifully landscaped acres shaded by mature trees, this exceptional custom-built property offers luxury living, resort-style entertaining, and space for everything imaginable. From the garden area and fruit trees to the stunning outdoor amenities, every inch of this property has been thoughtfully designed for comfort and enjoyment. The impressive 3,500 sq ft main home features 5 bedrooms and 4 bathrooms with a versatile floorplan ideal for both everyday living and entertaining. Inside, you’ll find a formal dining room, dedicated office space, oversized bonus room, and two private ensuite bedrooms perfect for guests or multi-generational living. The chef’s kitchen is a standout with a gas Wolf range, abundant cabinetry, and generous workspace ready for gatherings large or small. Step outside and discover your own backyard paradise. The heated saltwater pool with waterfall feature creates a true resort atmosphere, while the spectacular 873 sq ft pool house takes entertaining to another level with surround sound, a gourmet-style kitchen, brick pizza oven, restaurant-grade gas and charcoal grills, industrial vent hood, and relaxing screened patio area. Car enthusiasts, hobbyists, or business owners will appreciate the attached 988 sq ft 3-car garage plus the separate heated 2-car garage/shop complete with its own private Hamilton Road entrance, office, bathroom, and loft storage. A gardening room and whole-house generator add even more functionality and peace of mind. This one-of-a-kind property offers the perfect blend of luxury, privacy, functionality, and outdoor living, all just minutes from the conveniences of town.

Investor Tools

Property Icon
$560,433
Estimated Property Value
$380,000Estimated Mortgage Balance
$191,153Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

Interested in this property?

Vivian Butler

Century 21 Heritage

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,090/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,272
$560,433
2025
$62,253
$498,180
$560,433
No

Tax History

Year
Tax Paid
Assessed Value
2025
$10,272
$560,433

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zb Na
Conventional
$380,000
No
First
Oct 18, 2024
Nov 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$369,280
$191,153
34%
66%
$2,279/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.

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: Palestine

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555 Lakeshore Dr | Property Details | No Agent List