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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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489 Martha St , Bullard, TX 75757
$475,000
Est. Payment: $2,445.51/mo
3 Bed
2 Bath
1323 Sqft
Status: active | Days on site: 171
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Deep-Water on Lake Palestine, Shadybrook Gated Community There's lake life — and then there's this. Tucked inside the exclusive gated community of Shadybrook on Lake Palestine, this exceptional East Texas retreat offers something that serious water lovers spend years searching for: 192 feet of deep-water shoreline. That's not a detail. That's a lifestyle. Spanning approximately 0.6 acres across four separate tracts, this property delivers rare flexibility alongside stunning waterfront living. Whether you're casting a line from your private fishing pier, launching from your own boat dock, or simply watching the sun melt into the lake at the end of the day, this is the kind of place that makes every season feel like vacation. The main home offers 3 bedrooms and 2 bathrooms — comfortable and inviting whether you're settling in full-time or escaping for the weekend. And the possibilities don't stop there. With four tracts combined, there's ample room to build a second residence while living in the existing home, making this as strong an investment as it is a retreat. The impressive 20x40 shop with heated and cooled office quarters and a full bathroom adds another layer of versatility — think guest overflow, a creative studio, a home office, or the ultimate hobby space. A whole-home propane generator ensures you're never at the mercy of the grid, and the property's short-term rental-friendly status opens the door to serious income-producing potential. Gated security. Deep water. Room to grow. East Texas at its absolute finest. This is the one you don't wait on.

Highlights

Listed by Kim Houser , The Property Shoppe - eXp Realty, LLC , North Texas Real Estate Information Systems

Property Type

Manufactured Home

Lot/Acreage
0.6

HOA Fee

629 Annually

Year Built

2004

County

Cherokee

Neighborhood

Shadybrook

School District

Bullard ISD

Listing ID

21199726

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Electric Oven, Electric Range
Air Cond:Ceiling Fan(s),Electric,Window Unit(s)
Fireplaces:
Other:
  • Additional:Eat-in Kitchen, Master on Main

Exterior Features

Lot:.5 to < 1 Acre,Dock – Uncovered,Lake Front
Others:
  • Additional:Preowned
Parking Features:Carport
Principal Interest
$2,446
Taxes
$303
HOA
$629

Home Price

$475,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$95,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,445.51

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $2,445.51 $302.81 $629.00 $3,377.32
Yearly $29,346.08 $3,633.75 $7,548.00 $40,527.83
Total $880,382.26 $109,012.50 $226,440.00 $1,215,834.76

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Bullard, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T19:21:47.893Z

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