Rare Deep-Water on Lake Palestine Experience the ultimate East Texas lake lifestyle in the exclusive gated community of Shadybrook on Lake Palestine. This exceptional property now includes four tracts of land, combining to offer an impressive 192 feet of deep-water shoreline — a rare and highly desirable feature for boating, fishing, and year-round water access. Set on approximately 0.6 acres, this versatile lakeside retreat offers space, flexibility, and investment potential. Property Highlights: *3 Bedrooms | 2 Bathrooms – Comfortable, inviting living spaces ideal for full-time living or weekend escapes. *192’ of Deep-Water Shoreline – Expansive waterfront access perfect for swimming, fishing, and boating in all seasons. *Private Boat Dock & Fishing Pier – Step directly into the lake lifestyle from your own backyard. *Four Separate Tracts – Added value, flexibility, and long-term potential. *Room to Build – Ample space to live in the existing home while constructing a second residence on the property. *20x40 Shop with Heated & Cooled Office Quarters – Complete with a full bathroom, offering incredible versatility for work, hobbies, guest overflow, or storage. *Whole-Home Propane Generator – Reliable backup power for year-round peace of mind. *Short-Term Rental Friendly – An outstanding opportunity for income-producing vacation rental potential. Whether you're looking for a private waterfront sanctuary, a multi-tract investment opportunity, or a property with space to expand, this Lake Palestine gem checks every box. Enjoy serene views, spectacular sunsets, and the security of gated community living — all while embracing the unmatched beauty of East Texas lake life.
For sale
$475,000
489 Martha St, Bullard, TX 75757
3beds
1,323sqft
Est.:
Manufactured Home
Built in 2004
0.4 Acres Lot
$463,800 Zestimate®
$359/sqft
$52/mo HOA
What's special
Serene viewsSpectacular sunsets
- 10 days |
- 315 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: March 05, 2026 at 02:10pm
Listed by:
Kim Houser 903-330-2919,
The Property Shoppe - eXp Realty, LLC
Source: GTARMLS,MLS#: 26002842
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Family Room, 1 Living Area
Primary bedroom
- Features: Master Bedroom Split
Bathroom
- Features: Shower Only, Shower and Tub
Dining room
- Features: Den/Dining Combo
Heating
- Central/Electric
Cooling
- Central Electric, Window Unit(s), Ceiling Fan(s)
Appliances
- Included: Range/Oven-Electric, Electric Water Heater
Features
- Flooring: Carpet, Laminate
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,323
- Total interior livable area: 1,323 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage Faces Side, Workshop in Garage, Garage Faces Front
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck Covered
- Pool features: None
- Fencing: None
- On waterfront: Yes
- Waterfront features: Waterfront, Water/Lakefront
- Body of water: Lake Palestine
Lot
- Size: 0.4 Acres
Details
- Additional structures: Workshop
- Parcel number: 531859000
- Special conditions: None
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: MobileManufactured
- Property subtype: Manufactured Home
Materials
- Other/See Remarks
- Foundation: Pillar/Post/Pier
- Roof: Aluminum/Metal,Other/See Remarks
Condition
- Year built: 2004
Utilities & green energy
- Sewer: Septic Tank
- Water: Company: Southern Utilities
Community & HOA
Community
- Features: Common Areas, Tennis Court(s), Pool, Fishing, Boat Ramp, Other, Playground
- Security: Smoke Detector(s)
- Subdivision: Shadybrook
HOA
- Has HOA: Yes
- HOA fee: $630 annually
Location
- Region: Bullard
Financial & listing details
- Price per square foot: $359/sqft
- Tax assessed value: $249,270
- Annual tax amount: $2,171
- Date on market: 3/1/2026
- Listing terms: Conventional,FHA,VA Loan,Cash
- Road surface type: Paved
Estimated market value
$463,800
$441,000 - $487,000
$1,899/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 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
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 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
BuyAbility℠ payment
Est. payment
$2,801/mo
Principal & interest
$2270
Property taxes
$479
HOA Fees
$52
More affordability tools
Climate risks
Neighborhood: Shadybrook
Nearby schools
GreatSchools rating
- NABullard Primary SchoolGrades: PK-KDistance: 6.9 mi
- 8/10Bullard Middle SchoolGrades: 7-8Distance: 6.9 mi
- 7/10Bullard High SchoolGrades: 9-12Distance: 7.5 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.




