Deep-Water on Lake Palestine | Shadybrook Gated Community There's lake life — and then there's this. Tucked inside the exclusive gated community of Shadybrook on Lake Palestine, this exceptional East Texas retreat offers something that serious water lovers spend years searching for: 192 feet of deep-water shoreline. That's not a detail. That's a lifestyle. Spanning approximately 0.6 acres across four separate tracts, this property delivers rare flexibility alongside stunning waterfront living. Whether you're casting a line from your private fishing pier, launching from your own boat dock, or simply watching the sun melt into the lake at the end of the day, this is the kind of place that makes every season feel like vacation. The main home offers 3 bedrooms and 2 bathrooms — comfortable and inviting whether you're settling in full-time or escaping for the weekend. And the possibilities don't stop there. With four tracts combined, there's ample room to build a second residence while living in the existing home, making this as strong an investment as it is a retreat. The impressive 20x40 shop with heated and cooled office quarters and a full bathroom adds another layer of versatility — think guest overflow, a creative studio, a home office, or the ultimate hobby space. A whole-home propane generator ensures you're never at the mercy of the grid, and the property's short-term rental-friendly status opens the door to serious income-producing potential. Gated security. Deep water. Room to grow. East Texas at its absolute finest. This is the one you don't wait on.
For sale
$449,000
489 Martha St, Bullard, TX 75757
3beds
1,323sqft
Manufactured Home
Built in 2004
0.6 Acres Lot
$438,400 Zestimate®
$339/sqft
$52/mo HOA
What's special
- 31 days
- 430
- 13
Zillow last checked:
Listing updated:
Listed by:
Kim Houser 903-330-2919,
The Property Shoppe - eXp Realty, LLC
Source: GTARMLS,MLS#: 26012798
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Features: Shower Only, Shower and Tub
Heating
- Central/Electric
Cooling
- Central Electric, Window Unit(s), Ceiling Fan(s)
Appliances
- Included: Electric Range
Features
- Flooring: Carpet, Laminate
- Fireplace features: Other
Interior area
- Total structure area: 1,323
- Total interior livable area: 1,323 sqft
Property
Parking
- Total spaces: 2
- Parking features: Inside Entrance, Workshop in Garage, Garage
- Garage spaces: 1
- Carport spaces: 1
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Pool features: None
- Fencing: None
- On waterfront: Yes
- Waterfront features: Lake Front
- Body of water: Lake Palestine
Lot
- Size: 0.6 Acres
Details
- Additional structures: Workshop
- Parcel number: 531859000
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: MobileManufactured
- Property subtype: Manufactured Home
Materials
- See Remarks
- Foundation: Pillar/Post/Pier
- Roof: Aluminum/Metal,Other/See Remarks
Condition
- Pre-owned
- Year built: 2004
Utilities & green energy
- Sewer: Conventional Septic
- Utilities for property: Standard Electric
Community & HOA
Community
- Features: Pool, Boat Ramp
- Security: Security Gate, Audio and Video Surveillance, Smoke Detector(s)
- Subdivision: Shadybrook
HOA
- Has HOA: Yes
- Amenities included: Common Area, Tennis Court(s), Fishing, Other, Playground
- HOA fee: $630 annually
Location
- Region: Bullard
Financial & listing details
- Price per square foot: $339/sqft
- Tax assessed value: $214,240
- Date on market: 9/15/2026
- Listing terms: Lease Back,Conventional,Cash
- Road surface type: Paved
Estimated market value
$438,400
$416,000 - $460,000
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Listed for sale | $449,000-5.5%$339/sqft |
Source: | ||
| 3/1/2026 | Listed for sale | $475,000+20.3%$359/sqft |
Source: | ||
| 2/24/2026 | Listing removed | $395,000$299/sqft |
Source: eXp Realty #25012526 Report a problem | ||
| 8/18/2025 | Listed for sale | $395,000-21%$299/sqft |
Source: | ||
| 8/16/2025 | Listing removed | $500,000$378/sqft |
Source: | ||
| 7/7/2025 | Price change | $500,000-9.1%$378/sqft |
Source: | ||
| 6/14/2025 | Listed for sale | $550,000$416/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $74,700 +10% |
| 2025 | $117 | $67,909 +10% |
| 2024 | $117 | $61,735 +10% |
| 2023 | $117 | $56,123 +10% |
| 2022 | -- | $51,021 +10% |
| 2021 | $117 | $46,383 +10% |
| 2020 | $117 | $42,166 +10% |
| 2019 | -- | $38,333 +10% |
| 2018 | -- | $34,848 -58.7% |
| 2017 | -- | $84,390 +29.9% |
| 2016 | -- | $64,990 |
| 2015 | -- | $64,990 |
| 2014 | -- | $64,990 |
| 2012 | -- | $64,990 |
| 2011 | -- | $64,990 |
| 2010 | -- | $64,990 |
| 2009 | -- | $64,990 +1.3% |
| 2008 | -- | $64,141 +7.2% |
| 2007 | -- | $59,810 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Shadybrook
Nearby schools
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.




