$685,000
 $3,889 est/mo Sourced by Back At You

101 Island Way,Princeton, TX 75407

Princeton, TX 75407

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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.

Details

MLS #21204056
Listing TypeFor Sale
StyleHouse
HOA Dues$1,380
Sub-TypeResale
StatusActive
Year2001
Days On Site158
Listing Provided ByKeller Williams Central | Lisa Vargas

Features

Bed(s)4
Bath(s) 3 Total
SQ Feet2,735
Garage3
Story(s)1
Acreage1.00
Water FrontLake Front - Common Area

Interior

Room Count10
CoolingCeiling Fan(s), Central Air, Electric, Zoned
HeatingCentral, Electric, Fireplace(s)
Interior FeaturesBuilt-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, Paneling, Pantry, Smart Home System, Sound System Wiring, Walk-In Closet(s), Wired for Data
Window FeaturesBay Window(s), Window Coverings
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Washer
Fireplace FeaturesBrick, Family Room

Exterior

Exterior FeaturesCovered Patio/Porch, Rain Gutters, Lighting
RoofComposition
Foundation DetailsSlab

Parking

Garage Yn1
Attached Garage Yn1
Parking FeaturesAdditional Parking, Concrete, Direct Access, Driveway, Garage, Garage Door Opener, Garage Double Door, Garage Faces Side, Inside Entrance, Kitchen Level, Oversized, Storage, Workshop in Garage

Utilities

UtilitiesCity Water, Concrete, Electricity Available, Electricity Connected, Individual Water Meter, Private Sewer, Septic

Location

Community FeaturesBoat Ramp, Community Dock, Fishing, Lake

Taxes

Unexempt Taxes10006
Tax Lot1
Tax BlockA
Tax Legal DescriptionPRINCETON LAKES (CPN), BLK A, LOT 1

Area Information

StateTX
CountyCollin
CityPrinceton
Zip Code75407
AreaCollin
Community NamePrinceton Lakes
School DistrictPrinceton ISD
Elementary SchoolGodwin
Listing VS Median (in Princeton Lakes)
Price:
$685,000
low | high
Med:
$1,459,500
63.065693430657% of Average
sqft:
2,735
low | high
Med:
4,519
15.228519195612% of Average
$ / sqft:
$250
low | high
Med:
$325
20.39206325437% of Average
On site:
158
low | high
Med:
86.5
100% of Average
Sourced by Back At You

Market Activity 75407

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All information provided by the seller and is deemed to be correct, but is not guaranteed. Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. You may not reproduce or redistribute this data—it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.

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Learn More About This Property

StateTX
CountyCollin
CityPrinceton
Zip Code75407
AreaCollin
Community NamePrinceton Lakes
School DistrictPrinceton ISD
Elementary SchoolGodwin
Listing VS Median (in Princeton Lakes)
Price:
$685,000
low | high
Med:
$1,459,500
63.065693430657% of Average
sqft:
2,735
low | high
Med:
4,519
15.228519195612% of Average
$ / sqft:
$250
low | high
Med:
$325
20.39206325437% of Average
On site:
158
low | high
Med:
86.5
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 1:24:28 AM PDT