Creager Davis
Capitol Ranch Real Estate, LLC
Newly Remodeled Waterfront Home on Lake Palestine with Guest ADU & Workshop!
Experience the best of lakefront living and investment potential with this beautifully updated 3BR, 2BA home, featuring a 1BR, 1BA ADU inside a spacious 2-car workshop. Situated on deep water in a sought-after location on Lake Palestine, this property is perfect for full-time residence, a weekend getaway, or a high-income vacation rental!
Main Home Features:
Newly remodeled with modern finishes throughout Open concept living with breathtaking lake views
Updated kitchen with stylish appliances & ample storage
Spacious primary suite with en-suite bath
Large windows for natural light and stunning water views
Additional Dwelling Unit (ADU):
1BR, 1BA – ideal for guests, rental income, or a home office
Private entrance for added flexibility
2-Car Workshop:
Plenty of space for storage, hobbies, or lake toys
Attached ADU offers a convenient multi-use space
Waterfront Perks:
Deep water access – perfect for boating, fishing, and water sports
Stunning lake views with potential for a private dock
Vacation Rental Potential:
Evolve estimates annual rental income between $35K–$80K
Potential rental rates: $150–$300 per night (standard) or $900 per night (peak demand)
Prime location for short-term rental success
Don't Miss This Incredible Opportunity!
Directions: SW on State Hwy 155 S to Old Noonday Rd 12.6 mi Turn LT at Blinking Light onto Cooper Rd 489 ft Turn RT - Lakeway Harbor Dr 0.1 mi Turn RT - Autumn Woods Trail 0.1 mi, RT to stay on Autumn Woods Trail 0.4 mi Turn LT to stay on Autumn Woods Trail Destination on the RT 374 ft Sign on Property
Creager Davis
Capitol Ranch Real Estate, LLC
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Listed By: Gina Russell of Miller Homes Group Pllc