Experience luxury lakefront living with the convenience of the city in this stunning custom home located in the highly sought-after Princeton Lakes community. Situated on a rare 1-acre waterfront lot, this elegant 4-bedroom, 3-bath residence offers breathtaking panoramic lake views right from your own backyard—creating a peaceful retreat just minutes from shopping, dining, and entertainment. Qualified buyers may receive up to $5,600 in lender credit towards closing costs!
The home features two spacious living areas, rich wood flooring, crown molding, and beautiful custom architectural details throughout. The thoughtfully designed split-bedroom layout provides privacy, while the versatile second living area can easily serve as a home office, study, formal living room, or library.
At the heart of the home is an inviting open-concept kitchen with a large granite island, granite countertops, and a striking tumbled stone backsplash—perfect for entertaining or everyday living. The luxurious primary suite offers a relaxing sitting area and a spa-like bathroom complete with a garden jetted tub, creating the perfect place to unwind while enjoying tranquil lake views.
Additional features include a 3-car garage with built-in cabinets, workbench, and storage, two water heaters, a central vacuum system, and a spacious utility room with a wet sink, cabinetry, and dedicated freezer space. The attic offers excellent potential for a future upstairs conversion, providing even more flexibility.
Step outside to enjoy the serene waterfront setting, complete with a wrought iron pet area and full sprinkler system. Residents of Princeton Lakes enjoy exclusive access to four private lakes and are just minutes from Lake Lavon, offering endless opportunities for recreation while still enjoying the convenience of city living.
This exceptional property combines peaceful lakefront serenity with modern luxury and everyday convenience—a rare opportunity you won’t want to miss.
For sale
$700,000
101 Island Way, Princeton, TX 75407
4beds
2,735sqft
Single Family Residence
Built in 2001
1 Acres Lot
$673,600 Zestimate®
$256/sqft
$115/mo HOA
What's special
Serene waterfront settingCentral vacuum systemRich wood flooringLarge granite islandGranite countertopsThoughtfully designed split-bedroom layoutBreathtaking panoramic lake views
- 27 days |
- 875 |
- 63 |
Zillow last checked:
Listing updated:
Listed by:
Lisa Vargas 0627821 214-924-9936,
Keller Williams Central 469-467-7755
Source: NTREIS,MLS#: 21204056
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Features: Walk-In Closet(s)
- Level: First
- Dimensions: 17 x 20
Bedroom
- Features: Split Bedrooms
- Level: First
- Dimensions: 12 x 11
Bedroom
- Features: Split Bedrooms
- Level: First
- Dimensions: 12 x 14
Bedroom
- Features: Split Bedrooms
- Level: First
- Dimensions: 15 x 12
Primary bathroom
- Features: Double Vanity
- Level: First
- Dimensions: 12 x 12
Dining room
- Level: First
- Dimensions: 12 x 13
Family room
- Features: Fireplace
- Level: First
- Dimensions: 16 x 18
Kitchen
- Features: Kitchen Island, Pantry, Stone Counters
- Level: First
- Dimensions: 16 x 13
Living room
- Level: First
- Dimensions: 13 x 13
Utility room
- Level: First
- Dimensions: 13 x 6
Heating
- Central, Electric, Fireplace(s)
Cooling
- Central Air, Ceiling Fan(s), Electric, Zoned
Appliances
- Included: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Washer
Features
- Built-in Features, Central Vacuum, Decorative/Designer Lighting Fixtures, Double Vanity, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Paneling/Wainscoting, Smart Home, Cable TV, Wired for Data, Natural Woodwork, Walk-In Closet(s), Wired for Sound
- Flooring: Carpet, Ceramic Tile, Hardwood
- Windows: Bay Window(s), Window Coverings
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Family Room, Masonry
Interior area
- Total interior livable area: 2,735 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Additional Parking, Concrete, Door-Multi, Direct Access, Driveway, Garage, Garage Door Opener, Inside Entrance, Kitchen Level, Oversized, Garage Faces Side, Storage, Workshop in Garage
- Attached garage spaces: 3
Features
- Levels: One
- Stories: 1
- Patio & porch: Enclosed, Patio, Covered
- Exterior features: Lighting, Rain Gutters
- Pool features: None
- Fencing: Partial,Wrought Iron
- On waterfront: Yes
Lot
- Size: 1 Acres
Details
- Parcel number: R440200A00101
- Other equipment: Intercom
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 2001
Utilities & green energy
- Sewer: Private Sewer, Septic Tank
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Sewer Available, Septic Available, Separate Meters, Water Available, Cable Available
Community & HOA
Community
- Features: Boat Facilities, Dock, Fishing, Lake
- Subdivision: Princeton Lakes
HOA
- Has HOA: Yes
- Services included: Association Management, Security
- HOA fee: $1,380 annually
- HOA name: Princeton Lakes Property Owners Association
- HOA phone: 469-214-5544
Location
- Region: Princeton
Financial & listing details
- Price per square foot: $256/sqft
- Tax assessed value: $601,733
- Annual tax amount: $10,006
- Date on market: 6/6/2026
- Cumulative days on market: 31 days
Estimated market value
$673,600
$640,000 - $707,000
$2,736/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2026 | Listed for sale | $700,000+4.5%$256/sqft |
Source: NTREIS #21204056 Report a problem | ||
| 4/6/2023 | Listing removed | -- |
Source: NTREIS #20012854 Report a problem | ||
| 12/1/2022 | Listing removed | $669,900$245/sqft |
Source: NTREIS #20012854 Report a problem | ||
| 7/21/2022 | Listed for sale | $669,900$245/sqft |
Source: NTREIS #20012854 Report a problem | ||
| 6/3/2022 | Contingent | $669,900$245/sqft |
Source: NTREIS #20012854 Report a problem | ||
| 3/18/2022 | Listed for sale | $669,900+89.8%$245/sqft |
Source: NTREIS #20012854 Report a problem | ||
| 8/3/2017 | Listing removed | $352,900$129/sqft |
Source: Sharp Realty #13472816 Report a problem | ||
| 6/5/2017 | Pending sale | $352,900$129/sqft |
Source: Sharp Realty #13472816 Report a problem | ||
| 5/25/2017 | Listed for sale | $352,900$129/sqft |
Source: Sharp Realty #13472816 Report a problem | ||
| 11/23/2016 | Listing removed | $352,900$129/sqft |
Source: Sharp Realty #13472816 Report a problem | ||
| 10/19/2016 | Listing removed | $2,600+4%$1/sqft |
Source: Sharp Realty #13472847 Report a problem | ||
| 10/4/2016 | Listed for sale | $352,900+0.9%$129/sqft |
Source: Sharp Realty #13472816 Report a problem | ||
| 7/18/2016 | Listing removed | $349,900$128/sqft |
Source: Sharp Realty #13164613 Report a problem | ||
| 10/11/2015 | Listing removed | $2,500$1/sqft |
Source: SHARP REALTY #13203178 Report a problem | ||
| 10/11/2015 | Pending sale | $349,900$128/sqft |
Source: SHARP REALTY #13164613 Report a problem | ||
| 9/28/2015 | Listed for rent | $2,500$1/sqft |
Source: SHARP REALTY #13203178 Report a problem | ||
| 6/19/2015 | Listed for sale | $349,900$128/sqft |
Source: SHARP REALTY #13164613 Report a problem | ||
| 6/13/2015 | Pending sale | $349,900$128/sqft |
Source: SHARP REALTY #13164613 Report a problem | ||
| 6/3/2015 | Listed for sale | $349,900+3.2%$128/sqft |
Source: SHARP REALTY #13164613 Report a problem | ||
| 12/15/2013 | Listing removed | $339,000$124/sqft |
Source: Sharp Realty #12057868 Report a problem | ||
| 11/22/2013 | Listed for sale | $339,000$124/sqft |
Source: Sharp Realty #12057868 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,463 -20% | $532,780 +10% |
| 2024 | $5,582 +4.1% | $484,345 +10% |
| 2023 | $5,365 -29.1% | $440,314 +10% |
| 2022 | $7,569 -0.5% | $400,285 +10% |
| 2021 | $7,605 +1.6% | $363,895 +4.3% |
| 2020 | $7,484 -2.8% | $348,825 +2.3% |
| 2019 | $7,701 -4.7% | $341,059 -1.9% |
| 2018 | $8,083 +13.2% | $347,620 +16.7% |
| 2017 | $7,141 | $297,768 -2.1% |
| 2016 | $7,141 +12.8% | $304,000 +14.7% |
| 2015 | $6,332 | $265,000 +2.3% |
| 2014 | $6,332 | $258,927 +14.7% |
| 2013 | -- | $225,840 -0.1% |
| 2012 | -- | $225,995 -4.7% |
| 2011 | -- | $237,022 -3.8% |
| 2010 | -- | $246,379 -5.1% |
| 2009 | -- | $259,676 -2.2% |
| 2008 | -- | $265,569 +2.3% |
| 2007 | -- | $259,706 -3.2% |
| 2006 | -- | $268,241 -0.8% |
| 2005 | -- | $270,358 -0.8% |
| 2004 | -- | $272,472 0% |
| 2003 | -- | $272,494 -7.4% |
| 2002 | -- | $294,386 +5787.7% |
| 2000 | -- | $5,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 75407
Nearby schools
GreatSchools rating
- 3/10Godwin Elementary SchoolGrades: PK-5Distance: 2 mi
- 8/10Clark MiddleGrades: 6-8Distance: 1.7 mi
- 5/10Princeton High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Godwin
- Middle: Clark
- High: Princeton
- District: Princeton ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Collin County
- Princeton
- 75407
- 101 Island Way
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