Active

101 Island Way

Princeton, Texas 75407
Mark as Favorite
Bed 4

Bed

Bath 3

Bath

SqFt2,735

Sqft

Acres1

Acre(Lot)

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 t he 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.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $700,000

AD Id : 80336094

MLS Id : 553781829

Beds : 4

Lot Size : 1 Acre

Living Area Size : 2,735

Year Built : 2001

Garage : 3

County : Collin

Subdivision: Princeton Lakes

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedrooms: 4 Window Features: Bay Window(s),Window Coverings

    Bathroom Information

    Total Baths: 3 Full Baths: 3 Half Baths: 0
  • 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,Paneling,Pantry,Smart Home System,Sound System Wiring,Walk-In Closet(s),Wired for Data

    Appliances

    Dishwasher,Disposal,Dryer,Electric Cooktop,Electric Oven,Electric Water Heater,Ice Maker,Microwave,Refrigerator,Vented Exhaust Fan,Washer

    Utilities

    City Water,Concrete,Electricity Available,Electricity Connected,Individual Water Meter,Private Sewer,Septic
  • Cooling Features

    Ceiling Fan(s),Central Air,Electric,Zoned

    Heating Source

    Central,Electric,Fireplace(s)

    Fireplace

    Number of Fireplaces: 1 Fireplace Features: Brick,Family Room

  • Building Information

    Built Year: 2001 Roof Type: Composition
  • Exterior Features

    Covered Patio/Porch,Rain Gutters,Lighting

    Foundation

    Slab
  • Patio And Porch

    Covered,Enclosed,Patio

    Fencing

    Partial,Wrought Iron

  • Lot Information

    Lot Size (Acr): 1.0000 Lot Size Units: Acres Lot Size Square Feet: 43,560
  • Property Information

    SQ ft (Living Area): 2,735 Property Type: Residential Property Sub Type: Single Family Residence Subdivision: Princeton Lakes City: Princeton State: Texas 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. Property Status: Active Levels: One Property Age: 25 Other Equipment: Intercom

  • Listing Price Information

    Original List Price: $700,000 List Price Tot SqFt: $256
  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: R440200A00101 Tax Block: A Tax Legal Description: PRINCETON LAKES (CPN), BLK A, LOT 1 Tax Lot: 1 Unexempt Taxes: $10,006

  • Parking Information

    Has Garage Garage Space: 3 Carport Spaces: 0 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
  • Homeowners Association Information

    Included Fees: Management Fees,Security HOA Type: Mandatory HOA: $1,380.00 HOA Frequency: Annually

  • School Information

    Elementary School: Godwin Middle School: Clark School District: Princeton ISD
  • Utility Information

    Utilities: City Water,Concrete,Electricity Available,Electricity Connected,Individual Water Meter,Private Sewer,Septic
Sell a home like this and save $41,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
201 Acorn Lane, Princeton, TX, 75407 $188,999 3 2 1,192 1,192 SqFt
229 Acorn Road, Princeton, TX, 75407 $169,589 3 2 1,033 1,033 SqFt
309 Acorn Road, Princeton, TX, 75407 $176,999 3 2 1,033 1,033 SqFt
11990 County Road 563, Princeton, TX, 75407 $359,000 3 2 990 990 SqFt
3302 Harvest Way, Princeton, TX, 75407 $1,450,000 5 5 5,819 5,819 SqFt
6101 Gateway Avenue, Princeton, TX, 75407 $996,900 4 4 3,496 3,496 SqFt
3305 Majestic Way, Princeton, TX, 75407 $1,128,900 4 6 3,947 3,947 SqFt
3404 Sweetwater Road, Princeton, TX, 75407 $999,900 4 5 4,293 4,293 SqFt
3512 Harvest Way, Princeton, TX, 75407 $598,900 4 3 2,006 2,006 SqFt
3511 Harvest Way, Princeton, TX, 75407 $749,000 4 4 3,358 3,358 SqFt
MLS Logo

Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 06/08/2026 @ 23:35

MLS: 553781829 LISTED BY: Lisa Vargas, Keller Williams Central 800-257-1242 SOURCE: NTREIS - North Texas Real Estate Information

Selling? Save $41,501 when you sell a home like this

Tour with a ByOwner Agent