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Foreclosure
    • Price cut: $28K (4/15)
    $222,000

    240 Private Road 5515, Palestine, TX 75801

    3beds
    1,960sqft
    Single Family Residence
    Built in 2017
    -- sqft lot
    $213,800 Zestimate®
    $113/sqft
    $125/mo HOA

    What's special

    Escape to the beauty of East Texas with this barndominium on gated private Lake Mary—a 14-acre spring-fed lake tucked among rolling hills and towering trees near historic Palestine. Step inside to an inviting open living, dining, and kitchen area designed for relaxed gatherings. This home offers 3 bedrooms including a spacious primary suite with loft, office, and private bath, plus two guest bedrooms with a shared bath. Easy maintenance stained concrete floors throughout. The primary suite can also serve as a second living space and opens onto a large covered back porch with serene lake views. Nestled on one of the largest lots on Lake Mary, where the fishing is great, the property is shaded by mature trees and features a pergola and ample space for outdoor enjoyment. A detached 2-car carport includes overhead door to storage for vehicles, boat, and all your lake toys. Two kayaks are included, so you can start enjoying lake life from the moment you arrive! Paddle out to the swimming platform in the center of the lake for fun! Whether full time residence or a weekend retreat, relaxing on the porch, fishing, or paddling the quiet waters will provide the lake life you desire!
    37 days
    |
    2,716
    |
    142
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dana Staples 903-724-2477,

    Staples Sotheby's International Realty

    Source: GTARMLS,MLS#: 26004126MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Family Room, Utility Room, 1 Living Area
      Bedroom
      • Level: Main
      Bedroom 1
      • Area: 153.24
      • Dimensions: 15.58 x 9.83
      Bedroom 2
      • Area: 142.94
      • Dimensions: 10.33 x 13.83
      Bedroom 3
      • Area: 160
      • Dimensions: 10.67 x 15
      Bathroom
      • Features: Shower Only, Shower/Tub
      Dining room
      • Features: Den/Dining Combo
      • Area: 99.03
      • Dimensions: 9.58 x 10.33
      Family room
      • Area: 226.25
      • Dimensions: 15.08 x 15
      Kitchen
      • Area: 104.17
      • Dimensions: 10.42 x 10
      Living room
      • Area: 253.61
      • Dimensions: 18.33 x 13.83
      Office
      • Area: 140
      • Dimensions: 9.33 x 15
      Heating
      • Central/Electric
      Cooling
      • Central Electric
      Appliances
      • Included: Electric Cooktop, Electric Water Heater
      Features
      • Ceiling Fan(s)
      • Flooring: Concrete
      • Windows: Blinds
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 1,960
      • Total interior livable area: 1,960 sqft

      Property

      Parking
      • Parking features: Other/See Remarks, Garage Faces Front
      • Has garage: Yes
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Porch
      • Exterior features: Gutter(s)
      • Pool features: None
      • Fencing: None
      • On waterfront: Yes
      • Waterfront features: Waterfront, Water/Lakefront
      • Body of water: Mary
      Lot
      • Features: Subdivision Lot, Other/See Remarks
      Details
      • Additional structures: None
      • Parcel number: R853851
      • Special conditions: Real Estate Owned,Homeowner's Assn Dues,Other/See Remarks

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Barndominium
      • Property subtype: Single Family Residence
      Materials
      • Stone, Metal
      • Foundation: Slab
      • Roof: Aluminum/Metal
      Condition
      • Year built: 2017

      Utilities & green energy

      • Sewer: Aerobic Septic
      • Water: Cooperative, Company: Walston Springs
      • Utilities for property: Overhead Utilities, Cable Connected, Satellite Internet

      Community & HOA

      Community
      • Subdivision: Lake Mary
      HOA
      • Has HOA: Yes
      • HOA fee: $125 monthly
      Location
      • Region: Palestine

      Financial & listing details

      • Price per square foot: $113/sqft
      • Annual tax amount: $1,554
      • Date on market: 3/24/2026
      • Listing terms: Conventional,Cash
      • Road surface type: Paved, Gravel
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        Foreclosure details

        Estimated market value

        $213,800

        $203,000 - $224,000

        $2,277/mo

        Price history

        DateEventPrice
        4/15/2026Price change$222,000-11.2%$113/sqft
        Source: NTREIS #21218791 Report a problem
        8/22/2025Price change$250,000-13.8%$128/sqft
        Source: GTARMLS #25012777 Report a problem
        9/8/2024Price change$290,000-3.3%$148/sqft
        Source: NTREIS #20622255 Report a problem
        8/6/2024Price change$300,000-9.1%$153/sqft
        Source: NTREIS #20622255 Report a problem
        7/6/2024Price change$330,000-5.7%$168/sqft
        Source: NTREIS #20622255 Report a problem
        6/29/2024Price change$350,000-4.1%$179/sqft
        Source: NTREIS #20622255 Report a problem
        6/12/2024Price change$365,000-2.7%$186/sqft
        Source: NTREIS #20622255 Report a problem
        6/5/2024Price change$375,000-1.3%$191/sqft
        Source: NTREIS #20622255 Report a problem
        5/20/2024Price change$380,000+284.2%$194/sqft
        Source: NTREIS #20622255 Report a problem
        5/24/2018Price change$98,900-14%$50/sqft
        Source: Landmark Realty #88607 Report a problem
        3/23/2018Listed for sale$115,000$59/sqft
        Source: Landmark Realty #88607 Report a problem

        Public tax history

        Tax history is unavailable.

        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: 75801

        Getting around

        0 / 100
        Car-Dependent
        11 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Elkhart
        • Middle: Elkhart
        • High: Elkhart

        Source: GTARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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