Price Reduction - Waterfront - Golf Course
Address
1216 Shahan Prairie Road, Little Elm, TX
Price
$ 3,295,000
Property Attributes
- MLS#20420836
- TypeMulti-Family
- CountyDENTON
- CityLittle Elm
- NeighborhoodDm Cule
- Zip75068
- StyleMultiple Single Units
- Year Built1992
- Taxes$ 12721
- Price$ 3,295,000
- Bedrooms8
- Full Bathrooms7
- Half Bathrooms0
- Lot Size4.47 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
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!
| Elementary School |
|---|
| Oak Point Elementary School |
| Price History | |
|---|---|
| 10/10/2023 | Listed $3,600,000 |
| 10/10/2023 | 3% - $3,495,000 |
| 12/31/2023 | 3% - $3,395,000 |
| 4/20/2024 | 3% - $3,295,000 |
General Features
| Heating | Central,Electric |
|---|---|
| Complex Name | 1216 1217 Shahan Prairie |
| Cooling | Ceiling Fan(s),Central Air,Electric |
| Utilities | Aerobic Septic,Private Sewer,Private Water,Septic,Water Tap Fee Paid,Well |
| Possession | Negotiable |
| Roof | Composition |
| Appliances | Dishwasher,Disposal,Electric Cooktop,Gas Water Heater,Microwave |
| Number of Garage Spaces | 9 |
| School District | Little Elm ISD |
| Capitalization Rate | 2.25 |
| Exclusions | Curtains and rods in the Kitchen,Upstairs Den,and Master Bedroom |
| Year Built | 1992 |
| Tenancy | Lease While on Market,Over 9 Months |
| Community Features | Fishing,Lake,Laundry |
| Levels | Two |
| Unexempt Taxes | 12721 |
| Will Subdivide | Subdivided |
| Gross Annual Expenses | 22000.00 |
| Property SubType | Multiple Single Units |
| Subdivision Name | Dm Cule |
| Insurance Expense | 7000 |
| County | Denton |
| Operating Expense Includes | Trash,Utilities,Water/Sewer |
| Property Type | Residential Income |
| Construction Materials | Brick,Rock/Stone,Siding,Wood |
| Year Built Details | Preowned |
| Accessory Unit Type | Guest Quarters |
| Accessory Unit YN | Yes |
| HOA Type | None |
| Special Notes | Flood Plain,Survey Available,Verify Tax Exemptions |
| # of Buildings | 4 |
| Status | Active |
| Directions | GPS 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 |
| City | Little Elm |
| Buyer Agent Compensation | 2.5 |
| Elementary School Name | Oak Point |
| High School | Little Elm |
| Street Name | Shahan Prairie |
| Elementary School | Oak Point |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20420836 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Cable TV Available,High Speed Internet Available |
|---|---|
| Flooring | Tile |
| Occupancy Rate | 80 |
| Total Units | 6 |
| Unit Count | 6 |
| Full Baths | 7 |
| Lock Box Type | Blue BT LE |
| Street Suffix | Road |
| Total Bedrooms | 8 |
Exterior Features
| Waterfront | Yes |
|---|---|
| Exterior Features | Balcony,Boat Slip,Dock,Dog Run,Gray Water System,Lighting,Playground,Private Yard,Storage,Other |
| Lot Features | Acreage,Irregular Lot,Landscaped,Lrg. Backyard Grass,Many Trees,Other,Sprinkler System,Water/Lake View,Waterfront |
| Fencing | Metal |
| Lot Size Source | Appraiser |
| Parking Features | 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 |
| WaterFront Features | Lake Front,Lake Front – Corps of Engineers |
| Lot Size | 3 to < 5 Acres |
| Covered Spaces | 9 |
| Foundation | Slab |
| Lot Size Area | 4.4700 |
| Number Of Parking Spaces | 9 |
| Lot Size Units | Acres |
| Building Area Total | 4643.00 |
| Garage Y/N | Yes |
| Lot Size Square Feet | 194713.2000 |
| Lot Size Acres | 4.4700 |
| Patio And Porch Features | Front Porch,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 Multi-Family Average in 75068
Price
Taxes
Visits
Year Built
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