1216 Shahan Prairie Road, Little Elm, Texas 75068

$3,295,000
8
BD
List Price
$3,295,000
Price Change
▼ $100,000 1713650757
MLS#
20420836
Status
ACTIVE
Type
Multifamily
Year Built
1992
Construction Status
Preowned
Bedrooms
8
Full Baths
7
Acres
4.47
County
Denton
City
Little Elm
Subdivision
Dm Cule
Building Name
1216 1217 Shahan Prairie

Property Description

Offering 4.5 ACRES of GORGEOUS LAKEFRONT Property complete with a Main House, a Guest house w 2 Apts & a 3 Unit APT Building. INCOME PRODUCING currently over $90K annually! Located on Lake Lewisville, nestled in the Cove at Oak Point in Little Elm at the Peninsula. 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 1Bd, 1 Bth * 700 sq ft complete w Kitchen & Custom Closet. Underneath is a 5 Bay Garage *10ft High Doors* partially climate controlled w Garage Space, a Storage Closet for each Unit & a shared Laundry & Ice Machine for lake use! Property has a Floating Boathouse w Active Permit & 2 Boat lifts ! Make this your own little piece of Texas and enjoy the Sunrise & Sunsets along with Fishing, Swimming & a relaxed Lake-Lifestyle all year round!

Additional Information

Unexempt Taxes
$12,721
HOA
No HOA
Annual Insurance
7000
Total Annual Expenses
Trash, Utilities, Water/Sewer
Gross Annual Expenses
22000
Gross Annual Income
96000
Lot Size
194,713
Acres
4.47
Lot Description
Acreage, Irregular Lot, Landscaped, Lrg. Backyard Grass, Many Trees, Other, Sprinkler System, Water/Lake View, Waterfront
Subdivided
Subdivided
Interior Features
Cable TV Available, High Speed Internet Available
Flooring
Tile
Foundation
Slab
Roof
Composition
Stories
2
Street Utilities
Aerobic Septic, Private Sewer, Private Water, Septic, Water Tap Fee Paid, Well
Heating Cooling
Central, Electric
Exterior
Balcony, Boat Slip, Dock, Dog Run, Gray Water System, Lighting, Playground, Private Yard, Storage, Other
Construction Material
Brick, Rock/Stone, Siding, Wood
Garage Spaces
9
Parking Garage
Garage 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 Entrance, Lighted, Oversized, Parking Pad, Paved, Private, RV Access/Parking, RV Garage, Storage, Tandem, Workshop in Garage, Other
Total Num Parking
9
School District
Little Elm Isd
Elementary School
Oak Point
High School
Little Elm
Possession
Negotiable
Building Sq. Ft.
4643
Number of bldgs.
4
Number of units
6
Occupancy Rate
80
Tenancy
Lease While on Market, Over 9 Months
Possession
Negotiable
Cap Rate
2.25
Community Features
Fishing, Lake, Laundry

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Kristen Trest from Ebby Halliday Realtors. Contact: 972-608-0300