1124 Paradise Cove Streetman, TX 75859
Estimated payment $16,187/month
Highlights
- Marina
- Boat Ramp
- In Ground Pool
- Lake Front
- Docks
- Gated Community
About This Lot
Welcome to the ultimate blend of contemporary luxury living and smart investingthis stunning lakefront estate isnt just a dream home, its also a high-income producing *5-star* luxury short-term rental, with an impressive rental history. Even better? The sellers are ready to transfer the thriving rental business to the new owners, making this an incredible turnkey opportunity. From the moment you step through the front door, the craftsmanship and high-end finishes speak for themselves. The expansive main living room wows with soaring vaulted ceilings and a dramatic gas fireplace filled with sparkling glass rockperfect for cozy nights in. The chefs gourmet kitchen is a true showpiece, complete with a 6-burner gas range, custom cabinetry, and top-of-the-line appliances. With 5 bedrooms, each with ensuite access, 4 full baths, and 3 half baths, the home is designed for large groups. The primary suite is a sanctuary with floor to ceiling lake views and a luxurious ensuite bath with 2 custom designed closets (one doubles as a safe room). A spacious laundry room, 2 more utility areas, and a bonus exercise studio round out the amenities. Upstairs, guests will love the family room with its own balcony, dry bar, drink fridge, and ice makerideal for winding down the day. There's also game room with breathtaking lake views, making this home just as fun as it is relaxing.Step outside to paradise: a large covered patio with built-in grill, mosquito mister, and ceiling fans offers a seamless indoor-outdoor experience. Just beyond lies the infinity pool with a built-in fire pit feature and a jacuzzi spapure lakeside luxury. The boathouse comes equipped with a boat lift & jet ski lifts, ready for adventure at a moments notice. A 2-car garage stores your vehicles, while a separate garage is perfect for storing lake toys & lawn equipment. Whether youre looking for a luxurious personal getaway, a high-end vacation rental, or the best of both worlds, this property has it all.

Property Details
Property Type
- Land
Est. Annual Taxes
- $28,231
Lot Details
- Lake Front
- Fishing include bass, catfish
- Property fronts a private road
- Gated Home
- Landscaped
- Level Lot
- Irregular Lot
- Sprinkler System
- Few Trees
- Current uses include residential single, resort, hospitality
- Potential uses include residential single, resort
Home Design
- Contemporary Architecture
- Slab Foundation
- Wood Shingle Roof
- Stone Exterior Construction
- Stucco
Interior Spaces
- Dual Staircase
- Built-In Features
- Vaulted Ceiling
- Ceiling Fan
- Decorative Lighting
- Decorative Fireplace
- Gas Log Fireplace
- Window Treatments
- Bay Window
- Game Room
- Home Gym
- Water Views
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Walk-In Pantry
- Gas Oven
- Self-Cleaning Oven
- Plumbed For Gas In Kitchen
- Built-In Microwave
- Built-In Refrigerator
- Ice Maker
- Dishwasher
- Kitchen Island
- Granite Countertops
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- Linen Closet
- Walk-In Closet
- Split Vanities
- Hydromassage or Jetted Bathtub
- Garden Bath
- Separate Shower
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Home Security
- Home Security System
- Fire and Smoke Detector
Parking
- Attached Garage
- Oversized Parking
- Side or Rear Entrance to Parking
- Garage Door Opener
Location
- Easements include utilities
- Outside City Limits
Utilities
- Central Heating and Cooling System
- Vented Exhaust Fan
- Co-Op Electric
- Propane
- Water Filtration System
- Co-Op Water
- Tankless Water Heater
- Water Purifier
- Water Softener
- Septic Tank
- High Speed Internet
- Satellite Dish
Community Details
Recreation
- Boat Ramp
- Marina
- Park
- In Ground Pool
- Spa
- Pool is Self Cleaning
- Docks
- Balcony
- Covered patio or porch
- Exterior Lighting
- Outdoor Grill
Security
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $28,231 | $1,713,710 | $255,040 | $1,458,670 |
2023 | $16,027 | $978,520 | $255,040 | $723,480 |
2022 | $4,693 | $252,520 | $252,520 | $0 |
2021 | $5,284 | $252,520 | $252,520 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/18/2025 04/18/25 | For Sale | $2,500,000 | -- | $497 / Sq Ft |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Closed | $2,250,000 | New Conventional |
- Lot 18 Lake Ridge Dr
- Lot 19 Lake Ridge Dr
- Lot 100 Lake Ridge Dr
- Lot 31 Lake Ridge Dr
- Lot 32 & 33 & BS 24 Lake Ridge Dr
- Lot 63 Paradise Cove
- Lot 44 Paradise Cove
- Lot 52 Paradise Cove
- Lot 101 Admiral Shores
- Lot 17 Admiral Shores
- Lot 18 Lake Ridge Dr
- Lot 59 Admiral Shores Dr
- Lot 2 Admiral Shores Dr
- Lot Admiral Shores Dr
- 7011 Admiral Shores Dr
- 14091 Hout Bay Rd
- Lot 15R-2 Hout Bay Rd
- Lot 15R SE County Road 2359
- Lot 3 SE County Road 2359
- 14046 Whatley Dr
- 1533 SE County Road 3135
- 222 Knights Cir
- 1901 S Business 45
- 110 S Alma Ave
- 320 T A Carroll Ave
- 708 E 12th Ave
- 1505 W Collin St
- 1500 W Collin St
- 1006 W 2nd Ave
- 1004 W 2nd Ave
- 1002 W 2nd Ave
- 3401 W 7th Ave
- 2903 College Cir
- 1505 Woodlawn Ave
- 1500 Elmwood Ave
- 204 Northwood Blvd
- 525 Oxford St
- 912 Madison Dr
- 740 Us Highway 84 W
- 835 Us Highway 84 W