Affordable waterfront living with room for family, friends, or investment potential! This 3-bedroom, 2-bath home is currently a successful vacation rental and offers everything you need to start enjoying lake life. The open-concept floor plan creates a comfortable space for gathering, while the covered lakeside patio is the perfect place to relax and take in the water views. Outside, you'll find a boathouse, swimming platform, chain-link fenced yard, and a large two-car garage/shop with plenty of space for vehicles, boats, and lake toys. An additional detached room with a half bath provides extra flexibility and could easily be used as a bunk room, guest quarters, hobby space, or home office. Whether you're looking for a weekend getaway, an income-producing investment, or a full-time waterfront home, this property offers the perfect combination of comfort, convenience, and value. Don't miss this opportunity to own a waterfront property that won't break the bank!
For sale
Price increase: $30K (6/29)
$349,000
260 Lake Dr, Milam, TX 75959
3beds
1,088sqft
:
Get pre-qualified$2,274/mo
Single Family Residence
Built in 1985
7,840 Square Feet Lot
$335,800 Zestimate®
$321/sqft
$-- HOA
What's special
Chain-link fenced yardOpen-concept floor planSwimming platformCovered lakeside patioWater views
- 24 days |
- 482 |
- 26 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Sheilah Martin,
Martin's Real Estate Team
Source: Deep East Texas,MLS#: 70014115
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Combo Dining Room, Utility Room
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Dishwasher, Electric Range, Microwave, Range Hood, Vented Exhaust Fan
Features
- Breakfast Bar, Ceiling Fan(s)
- Flooring: Tile
- Windows: Blinds
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,088
- Total interior livable area: 1,088 sqft
Property
Parking
- Parking features: 3+ Car, Detached, Storage, Garage
- Has garage: Yes
Features
- Stories: 1
- Patio & porch: Covered, Deck
- Exterior features: Fire Pit, Gas Grill
- Pool features: Wood Deck
- Fencing: Chain Link
- On waterfront: Yes
- Waterfront features: Boat House, Boat Slip/Lift, Bulkhead, Dock, Pier-Private, Waterfront
Lot
- Size: 7,840 Square Feet
- Dimensions: 0.176
Details
- Additional structures: Workshop
- Parcel number: 275801000000011000000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 1985
Utilities & green energy
- Electric: Deep East Texas Electric
- Gas: None
- Sewer: Septic Tank
- Water: Co-Op
Green energy
- Energy efficient items: None
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Placation Estate
Location
- Region: Milam
Financial & listing details
- Price per square foot: $321/sqft
- Tax assessed value: $324,510
- Annual tax amount: $4,035
- Date on market: 6/29/2026
- Inclusions: None
- Exclusions: None
- Road surface type: Other
Estimated market value
$335,800
$319,000 - $353,000
$1,672/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Price change | $349,000+9.4%$321/sqft |
Source:  Deep East Texas #70014115 Report a problem | ||
| 3/2/2023 | Pending sale | $319,000$293/sqft |
Source: TAR MLS #206922 Report a problem | ||
| 2/6/2023 | Listed for sale | $319,000$293/sqft |
Source: TAR MLS #206922 Report a problem | ||
| 7/2/2014 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,035 +6.6% | $324,510 +1.7% |
| 2024 | $3,785 +1.1% | $319,050 +0.8% |
| 2023 | $3,745 +46.9% | $316,400 +79.2% |
| 2022 | $2,549 | $176,590 +0.2% |
| 2021 | -- | $176,310 |
| 2020 | -- | $176,310 +23.3% |
| 2018 | $2,397 | $142,980 |
| 2017 | -- | $142,980 +3.5% |
| 2016 | -- | $138,100 -1.3% |
| 2015 | -- | $139,860 +24.8% |
| 2014 | -- | $112,090 -2.1% |
| 2013 | -- | $114,510 -1.5% |
| 2012 | -- | $116,200 -2.1% |
| 2011 | -- | $118,670 -2% |
| 2010 | -- | $121,130 +11.7% |
| 2009 | -- | $108,460 +29.3% |
| 2008 | -- | $83,900 |
| 2007 | -- | $83,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 75959
Nearby schools
GreatSchools rating
- 6/10Hemphill Elementary SchoolGrades: PK-4Distance: 11.6 mi
- 7/10Hemphill Middle SchoolGrades: 5-8Distance: 11.6 mi
- 5/10Hemphill High SchoolGrades: 9-12Distance: 11.6 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.
- $---- bd-- ba1.1k sqft264 Lake Dr, Milam, TX 75959Sold
- $3,490-- bd-- ba-- sqft264 Lake Dr, Milam, TX 75959Off Market
- $148,6002 bd2 ba1.1k sqft248 Lake Dr, Milam, TX 75959Off Market
- $238,800-- bd-- ba1.4k sqft302 Lake Dr, Milam, TX 75959Off Market
- $295,100-- bd-- ba2k sqft215 Lake Dr, Milam, TX 75959Off Market
- $164,7002 bd2 ba1k sqft210 Lake Dr, Milam, TX 75959Off Market
- $12,270-- bd-- ba1.9k sqft300 Lake Dr, Milam, TX 75959Off Market
- $150,800-- bd-- ba1k sqft321 Lake Dr, Milam, TX 75959Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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