Little Elm, TX 75068 1216 Shahan Prairie Road
$3,295,000
35 more
Presented By: Kristen Trest with Ebby Halliday Realtors; 972-608-0300
Beds • 8
Baths • 7
Garage • 9
Home Details
Offering 4.5 ACRES of LAKEFRONT Property complete w Main House, a Guest house w 2 Apts & a 3 Unit APT Buildin PRODUCING currently over $75K Annually! Located on Lake Lewisville, nestled in the Cove at Oak Point in Little Elm at the Peninsula. Getting 3 new Roofs due to recent storm. HVAC replaced Dec 23. NO HOA or Deed Restrictions & room still to build out or add on. Property boasts a 3 Bed 2 Bath Main House with over 2,000 sq ft. Enjoy great views of the Lake from every angle. Separate Guest House with 2 Apartments & 4 car Garage, Plus a 3 Unit Apartment built in 2022, Each unit has 1Bed,Bth Kitchen & Living Area pus a Bay Garage *10ft High Doors* that it partially climate controlled in Garage plus a Storage Closet for each Unit. Also has shared Laundry & Ice Machine downstairs. Property has 2 slip Boathouse w Active Permit. Make this your own little piece of Texas and enjoy the Sunrise & Sunsets along with Fishing, Swimming & a relaxed Lake-Lifestyle all year round!
Presented By: Kristen Trest with Ebby Halliday Realtors; 972-608-0300
Interior Features for 1216 Shahan Prairie Road
Bedrooms
Total Bedrooms8
Bathrooms
Half Baths0
Total Baths7
Other Interior Features
Unit Count6
Fireplaces Total0
Lock Box TypeBlue BT LE
Basement Y/NNo
FlooringTile
Interior FeaturesCable TV Available, High Speed Internet Available
Occupancy Rate80
Total Units6
General for 1216 Shahan Prairie Road
# of Buildings4
Accessory Unit TypeGuest Quarters
Accessory Unit Y/NYes
AppliancesDishwasher, Disposal, Electric Cooktop, Gas Water Heater, Microwave
Capitalization Rate2.25
Carport Spaces
CityLittle Elm
Community FeaturesFishing, Lake, Laundry
Complex Name1216 1217 Shahan Prairie
Construction MaterialsBrick, Rock/Stone, Siding, Wood
CoolingCeiling Fan(s), Central Air, Electric
CountyDenton
DirectionsGPS best. Once you turn on Shahan Prairie Rd, go almost to the end of the peninsula. Property has 2 driveways, into the Main & Guest House, plus the Apartment BLDG. . Enjoy the views on this Beautiful 4
Elementary SchoolOak Point
Elementary School NameOak Point
ExclusionsCurtains and rods in the Kitchen, Upstairs Den, and Master Bedroom. ALSO, New INSURANCE CLAIM to repair or replace Boathouse due to huge May storm.
Full Baths7
Gross Annual Expenses22000.00
HOA TypeNone
HeatingCentral, Electric
High SchoolLittle Elm
Insurance Expense7000
LevelsTwo
Number of Garage Spaces9
Operating Expense IncludesTrash, Utilities, Water/Sewer
Pool Y/NNo
PossessionNegotiable
Property SubtypeMultiple Single Units
Property TypeResidential Income
RoofComposition
School DistrictLittle Elm ISD
Special NotesFlood Plain, Survey Available, Verify Tax Exemptions
Standard StatusActive Under Contract
StatusActive Contingent
Subdivision NameDm Cule
TenancyLease While on Market, Over 9 Months
Unexempt Taxes12721
UtilitiesAerobic Septic, Private Sewer, Private Water, Septic, Water Tap Fee Paid, Well
Virtual Tour URL UnbrandedClick here
Will SubdivideSubdivided
Year Built1992
Year Built DetailsPreowned
Exterior for 1216 Shahan Prairie Road
Attached Garage Y/NYes
Building Area Total4643.00
Covered Spaces9
Exterior FeaturesBalcony, Boat Slip, Dock, Dog Run, Gray Water System, Lighting, Playground, Private Yard, Storage, Other
FencingMetal
Foundation Slab
Garage Y/NYes
Lot FeaturesAcreage, Irregular Lot, Landscaped, Lrg. Backyard Grass, Many Trees, Other, Sprinkler System, Water/Lake View, Waterfront
Lot Size3 to < 5 Acres
Lot Size Acres4.4700
Lot Size Area4.4700
Lot Size SourceAppraiser
Lot Size Square Feet194713.2000
Lot Size UnitsAcres
Number Of Parking Spaces9
Parking FeaturesGarage Double Door, Additional Parking, Boat, Circular Driveway, Common, Concrete, Deck, Driveway, Garage, Garage Door Opener, Garage Faces Front, Garage Faces Side, Golf Cart Garage, Gravel, Heated Garage, Inside
Patio And Porch FeaturesFront Porch, Patio
WaterFront FeaturesLake Front, Lake Front – Corps of Engineers
WaterfrontYes
Additional Details
Price History
Schools
Elementary School
Oak Point Elementary School
Middle School
N/A
High School
N/A
