Lakefront Paradise on Lake Palestine – Remodeled Home with Guest Quarters & Workshop. Welcome to this beautifully remodeled waterfront home on the serene shores of Lake Palestine. This property offers a rare combination of comfort, functionality, and scenic beauty—perfect for full-time living, weekend escapes, or investment potential. The main home features 3 bedrooms and 2 full bathrooms, all thoughtfully updated with modern finishes. Inside, the open layout is warm and inviting, with a remodeled kitchen, updated flooring, and spacious living area designed for both relaxation and entertaining. Step outside to enjoy a large, partially covered patio that offers stunning lake views—ideal for morning coffee, outdoor dining, or watching the sunset over the water. Down by the water, the private boathouse includes two boat lifts and built-in storage space, making lake life easy and accessible. Adding exceptional value to this property is a 12x24 detached guest suite, complete with a full kitchen, bathroom, living area, and a separate bedroom—perfect for visitors, multi-generational living, or potential rental income. A second 12x24 cooled workshop offers a dedicated space for hobbies, storage, or projects, making this home as functional as it is beautiful. Located in a quiet, well-kept neighborhood with no HOA, this one-of-a-kind waterfront retreat on Lake Palestine is move-in ready and waiting for new memories to be made.
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15781 Cedar Bay Dr, Bullard, TX 75757
3beds
1,406sqft
Single Family Residence
Built in 1980
-- sqft lot
$508,300 Zestimate®
$--/sqft
$1,900 Estimated rent
Home value
$508,300
$473,000 - $549,000
$1,900/mo
Zestimate® history
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List your homeWhat's special
Two boat liftsPrivate boathouseUpdated flooringRemodeled waterfront homeFull kitchenStunning lake viewsScenic beauty
Zillow last checked:
Listing updated:
Listed by:
Carla Conley 903-574-1845,
Texas Real Estate Executives-Gladewater
Bought with:
Dana Staples, TREC# 0546841
Source: GTARMLS,MLS#: 25009637
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Family Room, 1 Living Area, Utility Closet
Bedroom
- Features: Walk-In Closet(s)
- Level: Main
Bathroom
- Features: Shower Only, Shower/Tub, Double Lavatory, Ceramic Tile, Bar
Dining room
- Features: Den/Dining Combo
Kitchen
- Features: Breakfast Bar
Heating
- Central/Electric, Fireplace(s), Wood Stove
Cooling
- Central Electric, Ceiling Fan(s)
Appliances
- Included: Range/Oven-Electric, Dishwasher, Microwave, Electric Water Heater
Features
- Ceiling Fan(s), Pantry, Kitchen Island
- Flooring: Tile, Wood
- Windows: Blinds
- Number of fireplaces: 1
- Fireplace features: One Wood Burning
Interior area
- Total structure area: 1,406
- Total interior livable area: 1,406 sqft
Property
Parking
- Parking features: Detached, Garage Faces Front
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio Open, Patio Covered, Porch
- Exterior features: Gutter(s), Boat Slip
- Pool features: None
- Fencing: Partial
- On waterfront: Yes
- Waterfront features: Waterfront, Water/Lakefront
- Body of water: Lake Palestine
Lot
- Features: Rectangular Lot
Details
- Additional structures: Boat House, Guest Quarters, Storage, Workshop
- Parcel number: 180110000300005000
- Special conditions: None,As-Is Condition @ Closing
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Concrete Based Siding
- Foundation: Combination, Pillar/Post/Pier, Slab
- Roof: Composition
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Subdivision: Cedar Bay
HOA
- Has HOA: No
Location
- Region: Bullard
Financial & listing details
- Tax assessed value: $337,751
- Annual tax amount: $4,385
- Date on market: 9/17/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2025 | Sold | -- |
Source:  GTARMLS #25009637 Report a problem | ||
| 7/17/2025 | Pending sale | $525,000$373/sqft |
Source: NTREIS #20980465 Report a problem | ||
| 7/5/2025 | Contingent | $525,000$373/sqft |
Source: NTREIS #20980465 Report a problem | ||
| 7/5/2025 | Pending sale | $525,000$373/sqft |
Source: GTARMLS #25009637 Report a problem | ||
| 6/25/2025 | Listed for sale | $525,000+75%$373/sqft |
Source: GTARMLS #25009637 Report a problem | ||
| 9/1/2021 | Listing removed | -- |
Source:  Coldwell Banker Apex, Realtors Report a problem | ||
| 7/21/2021 | Pending sale | $300,000$213/sqft |
Source: Coldwell Banker Apex, Realtors #10136468 Report a problem | ||
| 6/23/2021 | Listed for sale | $300,000$213/sqft |
Source: Coldwell Banker Apex, Realtors #10136468 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,432 -14.1% | $337,751 +8.9% |
| 2023 | $5,159 +0.9% | $310,015 +10.7% |
| 2022 | $5,111 +46.2% | $280,032 +28.5% |
| 2021 | $3,495 +1.4% | $217,861 +2.4% |
| 2020 | $3,446 -7.5% | $212,854 -1.2% |
| 2019 | $3,724 -3.7% | $215,400 +3.4% |
| 2018 | $3,868 +0.4% | $208,343 +1.7% |
| 2017 | $3,852 +0.5% | $204,793 +0.4% |
| 2016 | $3,834 +13.3% | $203,962 +3.7% |
| 2015 | $3,386 | $196,645 |
| 2014 | $3,386 +1.8% | -- |
| 2013 | $3,326 -0.4% | -- |
| 2012 | $3,340 +0.4% | -- |
| 2011 | $3,325 | -- |
| 2010 | -- | $180,504 +1.2% |
| 2009 | -- | $178,400 |
| 2008 | -- | $178,400 +6.6% |
| 2007 | -- | $167,300 +4% |
| 2006 | -- | $160,800 +3.6% |
| 2005 | -- | $155,200 +18.5% |
| 2004 | -- | $131,000 +2.7% |
| 2003 | -- | $127,600 +6.5% |
| 2002 | -- | $119,800 +15.3% |
| 2001 | -- | $103,900 +20.1% |
| 2000 | -- | $86,500 |
Find assessor info on the county website
Neighborhood: 75757
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Nearby schools
GreatSchools rating
- NABullard Primary SchoolGrades: PK-KDistance: 6.5 mi
- 9/10Bullard Middle SchoolGrades: 7-8Distance: 6.4 mi
- 7/10Bullard High SchoolGrades: 9-12Distance: 7.1 mi
Schools provided by the listing agent
- Elementary: Bullard
- Middle: Bullard
- High: Bullard
Source: GTARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Texas
- Smith County
- Bullard
- 75757
- 15781 Cedar Bay Dr
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