K
Seller's Agent in 2025
Kristen Trest
Ebby Halliday
Last list price
1216 Shahan Prairie Rd Little Elm, TX 75068
8
Beds
7
Baths
4,643
Sq Ft
4.47
Acres
Highlights
- Lake Front
- Parking available for a boat
- Fishing
- Docks
- Boat Slip
- 4.47 Acre Lot
About This Home
As of June 2025Offering 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!
Last Agent to Sell the Property
Ebby Halliday Realtors Brokerage Phone: 972-608-0300 License #0562462 Listed on: 10/10/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,721
Year Built
- Built in 1992
Lot Details
- 4.47 Acre Lot
- Lake Front
- Dog Run
- Aluminum or Metal Fence
- Landscaped
- Irregular Lot
- Sprinkler System
- Many Trees
- Private Yard
- Back Yard
Parking
- 9 Car Attached Garage
- Parking Pad
- Heated Garage
- Inside Entrance
- Common or Shared Parking
- Lighted Parking
- Parking Deck
- Front Facing Garage
- Garage Door Opener
- Circular Driveway
- Gravel Driveway
- Additional Parking
- Parking available for a boat
- Golf Cart Garage
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Tile Flooring
Kitchen
- Electric Cooktop
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Full Bathrooms
Eco-Friendly Details
- Gray Water System
Outdoor Features
- Boat Slip
- Docks
- Balcony
- Patio
- Exterior Lighting
- Outdoor Storage
- Playground
- Front Porch
Schools
- Oak Point Elementary School
- Little Elm High School
Utilities
- Central Heating and Cooling System
- Gas Water Heater
- Aerobic Septic System
- Private Sewer
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number R44159
Community Details
Overview
- 4 Buildings
- 6 Units
- 4,643 Sq Ft Building
- Dm Cule Subdivision
- Community Lake
Recreation
- Fishing
Building Details
- Gross Income $96,000
- Net Operating Income $74,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 10, 2023
Closed on
Jun 30, 2025
Sold by
Mcdonald David James and Mcdonald Robin Sharlise
Bought by
Swenson Charles William and Bennett Brenda
Seller's Agent
Kristen Trest
Ebby Halliday Realtors
Buyer's Agent
Leslie Cifuentes
Spotted Owl Realty, LLC
List Price
$3,600,000
Views
331
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,659,937
Outstanding Balance
$1,659,937
Interest Rate
6.86%
Mortgage Type
VA
Estimated Equity
$531,521
Purchase Details
Closed on
May 24, 2006
Sold by
Strange Philip N and Strange Kim
Bought by
Mcdonald David James and Mcdonald Robin Sharlise
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
3.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 30, 2002
Sold by
Gear Judith H
Bought by
Strange Philip N and Strange Stephen Gregory
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Fidelity National Title | |
| Vendors Lien | -- | Stewart Title | |
| Vendors Lien | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,659,937 | VA | |
| Previous Owner | $616,000 | Unknown | |
| Previous Owner | $616,000 | Purchase Money Mortgage | |
| Previous Owner | $616,000 | Purchase Money Mortgage | |
| Previous Owner | $312,000 | Unknown | |
| Previous Owner | $39,000 | Stand Alone Second | |
| Previous Owner | $290,000 | Purchase Money Mortgage | |
| Closed | $54,375 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Sold | -- | -- | -- |
| 06/30/2025 06/30/25 | Sold | -- | -- | -- |
| 10/22/2024 10/22/24 | Pending | -- | -- | -- |
| 10/22/2024 10/22/24 | Pending | -- | -- | -- |
| 04/22/2024 04/22/24 | Price Changed | $3,295,000 | -90.0% | $568 / Sq Ft |
| 04/22/2024 04/22/24 | Price Changed | $32,950,000 | +900.0% | $5,681 / Sq Ft |
| 04/20/2024 04/20/24 | Price Changed | $3,295,000 | -2.9% | $710 / Sq Ft |
| 04/19/2024 04/19/24 | Price Changed | $3,395,000 | +3.0% | $585 / Sq Ft |
| 04/19/2024 04/19/24 | Price Changed | $3,295,000 | -2.9% | $568 / Sq Ft |
| 12/31/2023 12/31/23 | Price Changed | $3,395,000 | 0.0% | $585 / Sq Ft |
| 12/31/2023 12/31/23 | Price Changed | $3,395,000 | -2.9% | $731 / Sq Ft |
| 10/10/2023 10/10/23 | Price Changed | $3,495,000 | 0.0% | $753 / Sq Ft |
| 10/10/2023 10/10/23 | Price Changed | $3,495,000 | -2.9% | $603 / Sq Ft |
| 10/10/2023 10/10/23 | For Sale | $3,600,000 | 0.0% | $775 / Sq Ft |
| 07/21/2023 07/21/23 | Price Changed | $3,600,000 | 0.0% | $621 / Sq Ft |
| 07/21/2023 07/21/23 | For Sale | $3,600,000 | -7.7% | $621 / Sq Ft |
| 07/10/2023 07/10/23 | Pending | -- | -- | -- |
| 05/25/2023 05/25/23 | For Sale | $3,900,000 | -- | $672 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Tax History Compared to Growth
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 | $13,341 | $944,088 | $0 | $0 |
| 2023 | $10,904 | $858,262 | $1,108,737 | $477,069 |
| 2022 | $12,721 | $780,238 | $1,058,483 | $351,517 |
| 2021 | $10,797 | $628,260 | $354,116 | $274,144 |
| 2020 | $11,141 | $631,747 | $354,117 | $277,630 |
| 2019 | $12,044 | $645,595 | $354,116 | $291,479 |
| 2018 | $11,378 | $640,000 | $354,116 | $285,884 |
| 2017 | $11,354 | $634,863 | $354,116 | $280,747 |
| 2016 | $11,326 | $633,276 | $354,116 | $279,884 |
| 2015 | $9,253 | $575,705 | $354,116 | $247,125 |
| 2013 | -- | $318,000 | $156,658 | $161,342 |
Source: Public Records
Agents Affiliated with this Home
-
-
L
Buyer's Agent in 2025
Leslie Cifuentes
Spotted Owl Realty, LLC
Map
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20420836
APN: R44159
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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 2025. All rights reserved
Nearby Homes
- 0 Tbd Unit 20850501
- TBD Highline Ln
- 1116 Loneta Ln
- TBD Loneta Ln
- TBD Shahan Prairie Rd
- TBD Shahan Prairie Rd Unit b
- 1120 Loneta Ln
- 1113 Shahan Prairie Rd
- 1505 Hillcrest Dr
- 1522 Hillcrest Dr
- 3604-3606 Kayewood Dr
- 3570 Kayewood Dr
- 9511 Knotty Pine Place
- 3020 Spring Branch Dr
- 911 Cove Trail Unit 913
- 2980 Crest Pointe Dr
- 7205 Wildflower Way
- 5036 Westway Dr
- 9989 Covemeadow Dr
- 9801 Sycamore Dr Unit 98