Skip main navigation
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

    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.
    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#: 26012798MLS Logo

      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

        DateEventPrice
        9/15/2026Listed for sale$449,000-5.5%$339/sqft
        Source: GTARMLS #26012798 Report a problem
        3/1/2026Listed for sale$475,000+20.3%$359/sqft
        Source: GTARMLS #26002842 Report a problem
        2/24/2026Listing removed$395,000$299/sqft
        Source: eXp Realty #25012526 Report a problem
        8/18/2025Listed for sale$395,000-21%$299/sqft
        Source: GTARMLS #25012526 Report a problem
        8/16/2025Listing removed$500,000$378/sqft
        Source: GTARMLS #25009106 Report a problem
        7/7/2025Price change$500,000-9.1%$378/sqft
        Source: GTARMLS #25009106 Report a problem
        6/14/2025Listed for sale$550,000$416/sqft
        Source: GTARMLS #25009106 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Estimated monthly payment$1,822
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Shadybrook

        Getting around

        0 / 100
        Car-Dependent
        15 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts