tomo logo

$799,000

Beds
4
Baths
4.0
sq ft
2,712

113 Island Way, Princeton, TX 75407

113 Island Way

Princeton, TX 75407

  • 27 days on market
Seller is offering $10,000 towards closing costs or an upgrade allowance! Discover this breathtaking lakefront property in an exclusive, master-planned water ski community. Nestled on a 1-acre lot with a private boat dock, enjoy direct access to four pristine, man-made lakes—one of the nation’s premier waterski and wakeboard communities. This 4-bedroom, 3.5-bath home features an office, formal dining room, and an eat-in kitchen with gas capabilities. The living area impresses with soaring ceilings, a fireplace, crown molding, and plantation shutters throughout. The first-floor primary suite offers a spa-like, recently updated bath. Upstairs, three additional bedrooms include one with a private ensuite bath, while the other two share a Jack and Jill bath. Step outside to a fenced patio, sparkling pool, and hot tub, all overlooking the stunning lakefront scenery. The boat dock is equipped with a powered boat lift and a rooftop deck for ultimate waterfront enjoyment. A detached, two-story garage-shop (added in 2023) spans 850 sq. ft. and includes an unfinished second floor, perfect for conversion into additional living space, a game room, or extra storage. Experience luxury lakefront living at its finest!

Details

Property type

Single Family Residence

Est. home value

$592,266

Lot size

1.09 acres

Price per sq ft

$295

Year built

2001

Annual property taxes

$10,267

Monthly HOA fee

$124

Price History

03/14/2025
NTREIS

NTREIS #20870049

Listed
$799,000
10/23/2024
NTREIS

NTREIS #20719325

Removed
09/03/2024
NTREIS

NTREIS #20719325

Listed
$799,000

Schools & Community

Elementary school: 

Godwin

Middle school: 

Clark

High school: 

Princeton

Community features: 

Curbs, Sidewalks

School district: 

Princeton ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Wells Fargo Bank Na

Loan start date

December 2009

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

4.91%

Loan type

Assumption

Seller

Michael W Thompson

Lender

Wells Fargo Bank

Loan start date

November 2000

Original loan amount

$208,890

Est. remaining balance

Not provided

Interest rate

7.9%

Loan type

Building or Construction Loan, 1 year

Seller

Mike Thompson and Kathy Thompson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/10/2025 at 6:25 PM

Listing updated: 03/29/2025 at 1:06 PM

Listed by: Tammy Watson, Keller Williams Realty DPR Phone #: (972) 732-6000

MLS: NTREIS #20870049

NTREIS logo

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