The Smartest Point in Real Estate|Bryan · College Station · Houston · DFW · All of Texas
REO.properties|(979) 229-7254
Home/Texas homes/489 Martha Street
MLS 21404668VIRTUAL TOUR

$449,000

489 Martha Street · Bullard, TX, 75757

Beds
3
Baths
2
Living area
1,323 sqft
Lot
0.6 acres

About this home

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.

Details

MobileHomeBuilt 20040.6 acres lotShadybrookActiveMLS 21404668
AI

Ask the House

Ask anything about this home — I answer from its MLS record and the FEMA flood map. Anything not on file, I hand to Sherry.

Answers come from this listing's MLS data and public flood maps — not a guess. For anything not on file, Sherry confirms it for you. AI answers should always be double-checked before you rely on them.

What would this cost to own?

Adjust the assumptions to estimate your monthly cost and equity over time. Estimates only — verify rates with a lender.

20% · $89,800
% APR
Estimated monthly
—/mo
Calculating…
Equity in 10 yrs
—
Calculating…

Estimates only — not a lending offer or financial advice.

More of Sherry's listings

Listing courtesy of The Property Shoppe - eXp Realty, LLC. Listing data provided by the participating MLS via Trestle (CoreLogic). Information deemed reliable but not guaranteed.