Rare 1-acre Lake Palestine waterfront property offering privacy, mature trees, and no HOA. This 3,283 sq ft home features an impressive 29×29 great room with a soaring 21-ft cathedral ceiling and solid wood beams, creating a dramatic space for gatherings, entertaining, and enjoying lake views. Major improvements include an architectural roof, new HVAC and ductwork, Hardie Plank siding, upgraded insulation, mini-split, solar screens, stainless appliances, and a long rock driveway. These updates provide a solid foundation for buyers who want lakefront living with big-ticket items already completed. The home offers a practical dual-room bath layout, a hallway-access room with a toilet and vanity, plus a separate room off the primary suite with a tub shower combo and its own vanity. This configuration allows simultaneous use of the spaces and provides excellent potential for future reconfiguration into a larger, unified full bath or 2 baths if desired. Outside, enjoy peaceful shoreline access for fishing, kayaking, and relaxing under mature shade trees. The URMA leaseback adds additional usable land for outdoor activities and enhances the overall lakefront experience. This is a unique waterfront opportunity with significant improvements already completed—ideal for buyers seeking privacy, acreage, and true East Texas lake living.