Turnkey investment opportunity with a lake view! This Lake Graham leasehold property offers incredible financial flexibility and cash flow potential, easily functioning as a full-time residence, an income generator, or a blended-use retreat. Includes two distinct, beautifully updated residences built in 2022. The 1,200 sq. ft. house offers a comfortable 1 large ensuite bedroom with a bathroom and walk-in closet connecting to a utility room with washer and dryer hookups. The open concept kitchen and living room combo features granite-countertops beneath vaulted ceilings. Both the living room and the bedroom have sliding doors access to a covered back porch with multiple seating and dining spaces facing the western sky lake view for morning coffee, afternoon drinks, and family cookouts. Includes a half bath for guests and gatherings. Under the same roof as the main house is a 600 square foot carport workshop that could converted to extra living space if needed. Both the main house and the efficiency apartment boast custom granite countertops with modern finishes in the kitchens and bathrooms with luxury wood like vinyl flooring throughout. The property's income potential is the separate 600 sq. ft. efficiency apartment, currently operating as an affiliated AirBNB, generating 1,000–1,500 monthly. This apartment was designed as a handicap accessible unit with it's own kitchen, bedroom, and bathroom. The yard has a sprinkler system with the water supplied from Lake Graham. Included is a parking space ready for a travel trailer with water and sewer hookups for personal use or as another rental potential. Along with storage container on site, the sellers are open to negotiating most of furnishings (except for some family heirlooms), furniture, appliances, tools, and yard equipment, The City of Graham leasehold is currently $1,000 a year (discounts available for 65+ and homestead). This is a rare chance to offset your lake lifestyle with established income.
For sale
$399,000
1579 Eastside Lake Rd, Graham, TX 76450
2beds
1,800sqft
Single Family Residence
Built in 2022
1.1 Acres Lot
$381,900 Zestimate®
$222/sqft
$-- HOA
What's special
Western sky lake viewLake viewGranite countertopsVaulted ceilingsStorage container on site
- 7 hours
- 80
- 6
Zillow last checked:
Listing updated:
Listed by:
Austin Chamness 0309702 (940)549-2152,
Weatherbee Real Estate 940-549-2152
Source: NTREIS,MLS#: 21414433
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Features: Closet Cabinetry, Ceiling Fan(s), En Suite Bathroom, Separate Shower, Walk-In Closet(s)
- Level: First
- Dimensions: 18 x 13
Kitchen
- Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Granite Counters, Kitchen Island
- Level: First
- Dimensions: 19 x 11
Living room
- Features: Built-in Features, Ceiling Fan(s), Fireplace
- Level: First
- Dimensions: 19 x 19
Heating
- Central, Electric, Propane, Other
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, Laundry in Utility Room, Stacked
Features
- Built-in Features, Cathedral Ceiling(s), Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Luxury Vinyl Plank
- Windows: Window Coverings
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 1,800 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking, Covered, Carport, Garage, RV Access/Parking
- Attached garage spaces: 2
Accessibility
- Accessibility features: Accessible Full Bath, Accessible Bedroom, Accessible Doors, Accessible Entrance
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Exterior features: RV Hookup
- Pool features: None
- Has view: Yes
- View description: Water
- Has water view: Yes
- Waterfront features: Lake Front, Waterfront
Lot
- Size: 1.1 Acres
- Features: Sprinkler System, Waterfront
Details
- Parcel number: 17980
- Other equipment: Generator, Negotiable
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary/Modern
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Metal Siding
- Roof: Metal
Condition
- Resale
- Year built: 2022
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Septic Available, Separate Meters, Water Available
Community & HOA
Community
- Features: Fishing, Lake
- Security: Smoke Detector(s)
- Subdivision: Lk Graham
HOA
- Has HOA: No
Location
- Region: Graham
Financial & listing details
- Price per square foot: $222/sqft
- Tax assessed value: $369,420
- Annual tax amount: $5,076
- Date on market: 10/17/2026
- Listing terms: Cash,Conventional
- Exclusions: Personal property and portable dog fence. The storage container and most of the furnishings are negotiable, but not included in the asking price.
- Road surface type: Gravel
Estimated market value
$381,900
$363,000 - $401,000
$1,859/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2026 | Listed for sale | $399,000$222/sqft |
Source: NTREIS #21414433 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,834 -6.2% | $245,252 +5.2% |
| 2024 | $3,022 +135.7% | $233,066 +79.3% |
| 2023 | $1,282 -54.3% | $129,960 -0.8% |
| 2022 | $2,807 +209.3% | $130,980 +240.2% |
| 2021 | $907 | $38,500 |
| 2020 | -- | $38,500 |
| 2016 | -- | -- |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 76450
Nearby schools
Schools provided by the listing agent
- Elementary: Graham
- Middle: Graham
- High: Graham
- District: Graham ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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