Offering 4.5 ACRES of LAKEFRONT Property complete w Main House, a Guest house w 2 Apts & a 3 Unit APT Buildin PRODUCING currently over $75K Annually! Located on Lake Lewisville, nestled in the Cove at Oak Point in Little Elm at the Peninsula. Getting 3 new Roofs due to recent storm. HVAC replaced Dec 23. NO HOA or Deed Restrictions & room still to build out or add on. Property boasts a 3 Bed 2 Bath Main House with over 2,000 sq ft. Enjoy great views of the Lake from every angle. Separate Guest House with 2 Apartments & 4 car Garage, Plus a 3 Unit Apartment built in 2022, Each unit has 1Bed,Bth Kitchen & Living Area pus a Bay Garage *10ft High Doors* that it partially climate controlled in Garage plus a Storage Closet for each Unit. Also has shared Laundry & Ice Machine downstairs. Property has 2 slip Boathouse w Active Permit. Make this your own little piece of Texas and enjoy the Sunrise & Sunsets along with Fishing, Swimming & a relaxed Lake-Lifestyle all year round!
Property Details
Property Features
Property Information:
Year Built: 1992
Stories: 2
Listing Office:
Office Name: Ebby Halliday Realtors
Office Phone: (972) 608-0300
Listing Agent: Kristen Trest
Interior Features
Interior Information:
Appliances: Dishwasher, Electric Cooktop, Disposal, Gas Water Heater, Microwave
Lot: Back Yard, Irregular Lot, Lawn, Landscaped, Other, Many Trees, Sprinklers, Waterfront
Lot Size: 4.47 Acres
Utilities
Utilities Information:
Heating: Central, Electric
Cooling: Central Air, Ceiling Fan(s), Electric
School Info
Assigned Schools Information:
Little Elm High School, Public District Grades 9-12
Lakeside Middle School, Public District Grades 6-8
Oak Point Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: GPS best. Once you turn on Shahan Prairie Rd, go almost to the end of the peninsula. Property has 2 driveways, into the Main & Guest House, plus the Apartment BLDG. . Enjoy the views on this Beautiful 4.5 Acre of Prime Lakefront property & be sure to check out the BOATHOUSE!
Price Information
Listing Price Info
Price Summary:
List Price: $3,295,000
Tax Information:
Annual Amount: $10,469
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Little Elm, TX.
Last updated on: 5/4/2024, 2:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$10,469
$628,260
2020
$10,857
$631,747
2019
$11,939
$645,595
2018
$11,940
$640,000
2017
$11,287
$634,863
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$16.5K
Per Month
Principal & Interest
$16.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$9,945
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Oak Point Elementary School
401 Shahan Prairie Rd
Distance between this listing and this school1.48 miles
Public District Grades PK-5
Middle School
3
/10
Lakeside Middle School
400 Lobo Ln
Distance between this listing and this school1.29 miles
Public District Grades 6-8
High School
4
/10
Little Elm High School
1900 Walker Ln
Distance between this listing and this school2.93 miles
Public District Grades 9-12
Assigned Schools
4
/10
Oak Point Elementary School
401 Shahan Prairie Rd
Distance between this listing and this school1.48 miles
Public District Grades PK-5
Nearby Schools
5
/10
Hackberry Elementary School
7200 Snug Harbor Cir
Distance between this listing and this school1.95 miles
Public District Grades PK-5
5
/10
Cesar Chavez Elementary School
2600 Hart Rd
Distance between this listing and this school2.05 miles
Public District Grades PK-5
Assigned Schools
3
/10
Lakeside Middle School
400 Lobo Ln
Distance between this listing and this school1.29 miles
Public District Grades 6-8
Nearby Schools
5
/10
Navo Middle School
1701 Navo Rd
Distance between this listing and this school4.49 miles
Public District Grades 6-8
10
/10
Pioneer Heritage Middle School
1649 High Shoals Dr
Distance between this listing and this school4.76 miles
Public District Grades 6-8
Assigned Schools
4
/10
Little Elm High School
1900 Walker Ln
Distance between this listing and this school2.93 miles
Public District Grades 9-12
Nearby Schools
6
/10
Lone Star High School
2606 Panther Creek Pkwy
Distance between this listing and this school5.36 miles
Public District Grades 9-12
9
/10
Wakeland High School
10700 Legacy Dr
Distance between this listing and this school6.11 miles
The neighbors living near this home have an average income of $48,613. Typical income of Little Elm, TX residents is between $35k-100k annually. Residents typically live in married, with kids family. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1216 Shahan Prairie Rd
What is the listing price of this property?
The listing price of 1216 Shahan Prairie Rd property is $3,295,000.
What type of property is this?
The property 1216 Shahan Prairie Rd is a house located in Little Elm, Texas, 75068.
Is this property for sale now?
Active Listing: 1216 Shahan Prairie Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1216 Shahan Prairie Rd are: Oak Point Elementary School: GreatSchools Rating 4/10Lakeside Middle School: GreatSchools Rating 3/10Little Elm High School: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $10,469 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 1216 Shahan Prairie Rd has 8 bedrooms and 7 bathrooms.
Which year was this property built?
The year of construction for 1216 Shahan Prairie Rd is 1992.
Interested in 1216 Shahan Prairie Rd? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1216 Shahan Prairie Rd in Little Elm, TX and zip code 75068 in the Saint Clair Acres neighborhood. This home, which was built in 1992, sits on a 4.47 acre lot. Features: 8 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since October 10, 2023 and is currently priced at $3,295,000.
The number of homes for sale in Little Elm, TX increased by 12% between March 2024 and April 2024. While the average time on the market in April 2024 was 73 days, the median list price was $467,791.
From Rocket Homes Real Estate and based on county public records data.
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Extreme Sports
Extreme Sports
College Football
Motocross
Academy Sports & Outdoors
Best Buy
GameStop
Little Caesars
Texas Roadhouse
Sonic
Chevrolet
Ram
Jeep
Country
Contemporary Christian
New Country