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
$475,000
489 Martha St, Bullard, TX 75757
3beds
1,323sqft
Manufactured Home
Built in 2004
0.6 Acres Lot
$466,100 Zestimate®
$359/sqft
$52/mo HOA
What's special
Own boat dockPrivate fishing pier
- 59 days |
- 252 |
- 2 |
Zillow last checked:
Listing updated:
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: 0.6 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
$466,100
$443,000 - $489,000
$1,899/mo
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
| 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
Monthly payment
Estimated monthly payment
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Texas
- Cherokee County
- Bullard
- 75757
- Shadybrook
- 489 Martha St




