Waterfront
Address
101 Island Way, Princeton, TX
Price
$ 700,000
Property Attributes
- MLS#21204056
- TypeSingle Family
- Listing Status Active
- CountyCOLLIN
- CityPrinceton
- NeighborhoodPrinceton Lakes
- Zip75407
- StyleSingle Family Residence
- Year Built2001
- Taxes$ 10006
- Price$ 700,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2735
- Lot Size1 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Experience luxury lakefront living with the convenience of the city in this stunning custom home located in the highly sought-after Princeton Lakes community. Situated on a rare 1-acre waterfront lot, this elegant 4-bedroom, 3-bath residence offers breathtaking panoramic lake views right from your own backyard—creating a peaceful retreat just minutes from shopping, dining, and entertainment. Qualified buyers may receive up to $5,600 in lender credit towards closing costs! The home features two spacious living areas, rich wood flooring, crown molding, and beautiful custom architectural details throughout. The thoughtfully designed split-bedroom layout provides privacy, while the versatile second living area can easily serve as a home office, study, formal living room, or library. At the heart of the home is an inviting open-concept kitchen with a large granite island, granite countertops, and a striking tumbled stone backsplash—perfect for entertaining or everyday living. The luxurious primary suite offers a relaxing sitting area and a spa-like bathroom complete with a garden jetted tub, creating the perfect place to unwind while enjoying tranquil lake views. Additional features include a 3-car garage with built-in cabinets, workbench, and storage, two water heaters, a central vacuum system, and a spacious utility room with a wet sink, cabinetry, and dedicated freezer space. The attic offers excellent potential for a future upstairs conversion, providing even more flexibility. Step outside to enjoy the serene waterfront setting, complete with a wrought iron pet area and full sprinkler system. Residents of Princeton Lakes enjoy exclusive access to four private lakes and are just minutes from Lake Lavon, offering endless opportunities for recreation while still enjoying the convenience of city living. This exceptional property combines peaceful lakefront serenity with modern luxury and everyday convenience—a rare opportunity you won’t want to miss.
| Elementary School |
|---|
| Godwin Elementary School |
| Price History | |
|---|---|
| 6/6/2026 | Listed $700,000 |
General Features
| Heating | Central,Electric,Fireplace(s) |
|---|---|
| Cooling | Ceiling Fan(s),Central Air,Electric,Zoned |
| Utilities | City Water,Concrete,Electricity Available,Electricity Connected,Individual Water Meter,Private Sewer,Septic |
| Possession | Closing/Funding |
| Roof | Composition |
| Appliances | Dishwasher,Disposal,Dryer,Electric Cooktop,Electric Oven,Electric Water Heater,Ice Maker,Microwave,Refrigerator,Vented Exhaust Fan,Washer |
| Assoc Fees | 1380 |
| Number of Garage Spaces | 3 |
| School District | Princeton ISD |
| HOA Fee Includes | Management Fees,Security |
| Year Built | 2001 |
| Community Features | Boat Ramp,Community Dock,Fishing,Lake |
| Levels | One |
| Unexempt Taxes | 10006 |
| Will Subdivide | No |
| Property Subtype | Single Family Residence |
| Subdivision Name | Princeton Lakes |
| Transaction Type | For Sale |
| Occupant Type | Owner |
| County | Collin |
| Property Type | Residential |
| Association Fee Frequency | Annually |
| HOA Type | Mandatory |
| Full Baths | 3 |
| Status | Active |
| Directions | Go North on I-75 and take Exit University Blvd HWY 380. Go East to Princeton,turn right onto Island Way,first home on the left-hand side of the street. |
| City | Princeton |
| Other Equipment | Intercom |
| Elementary School Name | Godwin |
| Elementary School | Godwin |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/21204056 |
| Standard Status | Active |
Interior Features
| Interior Features | Built-in Features,Cable TV Available,Central Vacuum,Decorative Lighting,Double Vanity,Flat Screen Wiring,Granite Counters,High Speed Internet Available,Kitchen Island,Natural Woodwork,Open Floorplan, |
|---|---|
| Flooring | Carpet,Ceramic Tile,Hardwood |
| Fireplace Features | Brick,Family Room |
| Fireplaces Total | 1 |
| Dining Areas | 2 |
| Living Areas | 2 |
| Room Count | 10 |
| Lock Box Type | Supra |
| Total Bedrooms | 4 |
| Total Baths | 3 |
| Window Features | Bay Window(s),Window Coverings |
Exterior Features
| Waterfront | Yes |
|---|---|
| Exterior Features | Covered Patio/Porch,Rain Gutters,Lighting |
| Fencing | Partial,Wrought Iron |
| Garage Length | 23 |
| Garage Width | 30 |
| Parking Features | Additional Parking,Concrete,Direct Access,Driveway,Garage,Garage Door Opener,Garage Double Door,Garage Faces Side,Inside Entrance,Kitchen Level,Oversized,Storage,Workshop in Garage |
| WaterFront Features | Lake Front - Common Area |
| Lot Size | 1 to < 3 Acres |
| Covered Spaces | 3 |
| Foundation | Slab |
| Lot Size Area | 1.0000 |
| Lot Size Units | Acres |
| Structural Style | Single Detached |
| Garage Y/N | Yes |
| Lot Size Square Feet | 43560.0000 |
| Lot Size Acres | 1.0000 |
| Patio And Porch Features | Covered,Enclosed,Patio |
| Attached Garage Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 75407
Price
Taxes
Year Built
Visits
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