Little Elm, TX 75068 1216 Shahan Prairie Road
$3,295,000
35 more
- MLS# 20420836
- 10/10/2023
Presented By: Kristen Trest with Ebby Halliday Realtors; 972-608-0300
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Beds • 8
Baths • 7
SQFT • 4,643
Garage • 9
Year Built • 1992
Home Details
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!
Presented By: Kristen Trest with Ebby Halliday Realtors; 972-608-0300
Interior Features for 1216 Shahan Prairie Road
Bedrooms
Total Bedrooms8
Bathrooms
Half Baths0
Total Baths7
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringTile
Heating Y/NYes
Total Fireplaces
General for 1216 Shahan Prairie Road
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricCooktop, Disposal, GasWaterHeater, Microwave
Attached Garage Yes
AttributionContact972-608-0300
Body of WaterLewisville
Cap Rate2.25
Carport Spaces0.0
Carport Y/NNo
CityLittle Elm
Community FeaturesFishing, Lake, LaundryFacilities
Construction MaterialsBrick, Rock, Stone, WoodSiding
CoolingCentralAir, CeilingFans, Electric
CountyDenton
DirectionsGPS 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
DisclosuresFloodPlainDisclosure
Electric On Property Y/NNo
Elementary SchoolOak Point
Elementary School DistrictLittle Elm ISD
ExclusionsCurtains and rods in the Kitchen, Upstairs Den, and Master Bedroom. ALSO, New INSURANCE CLAIM to repair or replace Boathouse due to huge May storm.
Exterior FeaturesBalcony, BoatSlip, Dock, DogRun, Lighting, Other, Playground, PrivateYard, Storage
Full Baths7
Garage Spaces9.0
Garage Y/NYes
Green Water ConservationGrayWaterSystem
Gross Income96000.0
HOANo
HeatingCentral, Electric
High SchoolLittle Elm
High School DistrictLittle Elm ISD
Home Warranty Y/NNo
Insurance Expense7000.0
Interior FeaturesHighSpeedInternet, CableTv
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionA0226A D.M. CULE, TR 21A, 22, 23, 4.47 ACRES
LevelsTwo
Lot Size Square Feet194713.2
Lot Size UnitsAcres
Middle/Junior School DistrictLittle Elm ISD
MobileHomeRemainsYNNo
ModificationTimestamp2025-02-06T18:42:04.537-00:00
Net Operating Income74000.0
New ConstructionNo
Number Of Units Total6
Patio/Porch FeaturesFrontPorch, Patio, Balcony
Pool FeaturesNone
PossessionNegotiable
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerAerobicSeptic, PrivateSewer, SepticTank
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Subdivision NameDm Cule
Tax Annual Amount12721.0
UtilitiesSewerAvailable, SepticAvailable, WaterAvailable, CableAvailable
ViewWater
Virtual TourClick here
Waterfront FeaturesLakeFront, Waterfront
Waterfront Y/NYes
Year Built1992
Year Built DetailsPreowned
Exterior for 1216 Shahan Prairie Road
Building Area Total4643.0
Covered Spaces9.0
Crops Included Y/NNo
FencingMetal
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesAcreage, BackYard, IrregularLot, Lawn, Landscaped, Other, ManyTrees, SprinklerSystem, Waterfront
Lot Size Acres4.47
Lot Size Area4.47
Lot Size SourceAppraiser
Number of Buildings4
Open Parking Y/NNo
Parking FeaturesAdditionalParking, Boat, CircularDriveway, Common, Concrete, DoorMulti, Driveway, GarageFacesFront, Garage, GolfCartGarage, GarageDoorOpener, Gravel, HeatedGarage, InsideEntrance, Lighted, Other, Oversized, Paved, Dec
SpaNo
Total Parking9.0
Water SourcePrivate, Well, WaterTapPaid
Additional Details
Price History
Schools
Elementary School
Oak Point Elementary School
High School
Little Elm High School
Middle School
N/A
Suzanne Smith
Broker/Owner