Rare Waterfront New Construction on Toledo Bend! Located in Palo Gaucho Harbor, this custom-built 3BR/3BA waterfront home offers 1,722 sq. ft. of thoughtfully designed living space with an open floor plan, soaring ceilings, abundant natural light, and stunning open-water views. High-end finishes throughout make this property ideal as a full-time residence, vacation getaway, or income-producing short-term rental. Sold fully furnished and move-in ready, you can begin enjoying lake life immediately. The waterfront location provides excellent access for a future private boat dock and is conveniently located near the newly upgraded SRA boat ramps. Don't miss this opportunity to own a turnkey waterfront home on beautiful Toledo Bend Lake!
For sale
Price cut: $25.1K (7/7)
$599,900
120 Palo Gaucho Ln W, Hemphill, TX 75948
3beds
1,722sqft
Single Family Residence
Built in 2025
0.52 Acres Lot
$584,600 Zestimate®
$348/sqft
$-- HOA
What's special
Waterfront locationWaterfront homeOpen floor planAbundant natural lightHigh-end finishes throughoutStunning open-water viewsSoaring ceilings
- 165 days |
- 216 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Sheilah Martin,
Martin's Real Estate Team
Source: Deep East Texas,MLS#: 70012244
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Dining Room, Living Room, Utility Room
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Electric Range, Vented Exhaust Fan
- Laundry: Electric Dryer Hookup
Features
- Breakfast Bar, Ceiling Fan(s), Vaulted Ceiling(s), Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
- Flooring: Laminate, Plank, Wood
- Windows: Blinds, Shutters
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,722
- Total interior livable area: 1,722 sqft
Video & virtual tour
Property
Parking
- Parking features: 2 Car, Garage, Attached
- Has garage: Yes
Features
- Stories: 1
- Patio & porch: Covered, Deck, Porch
- Exterior features: Fire Pit
- Pool features: None
- Fencing: None
- On waterfront: Yes
- Waterfront features: Lake Front, Waterfront
Lot
- Size: 0.52 Acres
- Dimensions: 0.519
Details
- Additional structures: None
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- HardiPlank Type
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 2025
Utilities & green energy
- Electric: Deep East Texas Electric
- Gas: None
- Sewer: Aerobic Septic
- Water: Public
Green energy
- Energy efficient items: None
Community & HOA
Community
- Security: Security/Camera
- Subdivision: Palo Gaucho Harbor
Location
- Region: Hemphill
Financial & listing details
- Price per square foot: $348/sqft
- Date on market: 3/8/2026
- Inclusions: Security/Camera
- Exclusions: None
- Road surface type: Concrete
Estimated market value
$584,600
$555,000 - $614,000
$2,429/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Price change | $599,900-4%$348/sqft |
Source:  Deep East Texas #70012244 Report a problem | ||
| 6/11/2026 | Price change | $625,000-0.6%$363/sqft |
Source: Deep East Texas #70012244 Report a problem | ||
| 6/9/2026 | Price change | $629,000-1.6%$365/sqft |
Source: Deep East Texas #70012244 Report a problem | ||
| 3/8/2026 | Listed for sale | $639,000$371/sqft |
Source: Deep East Texas #70012244 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 75948
Nearby schools
GreatSchools rating
- 6/10Hemphill Elementary SchoolGrades: PK-4Distance: 5.9 mi
- 7/10Hemphill Middle SchoolGrades: 5-8Distance: 5.9 mi
- 5/10Hemphill High SchoolGrades: 9-12Distance: 5.9 mi
Schools provided by the listing agent
- District: Hemphill ISD
Source: Deep East Texas. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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