$209,000
SOLD JAN 23, 2026
Last list price

122 Ise Dr Hemphill, TX 75948

2 Beds
1 Bath
1,216 Sq Ft
21,780 Sq Ft Lot

Recently Sold

$172 Per Sq Ft

34 Days on Market

Highlights

  • Waterfront
  • Central Heating and Cooling System
  • Fenced
  • Ranch Style House
  • Garage
  • Wood Burning Fireplace

About This Home

As of January 2026

Discover a rare gem on Toledo Bend! This 2-bed, 1-bath brick home offers a unique opportunity with three sides of waterfront on a .51-acre corner lot. Enjoy both main lake views and a protected cove, perfect for your watercraft. What sets this property apart? The land is on a 20-year leaseback from the SRA, meaning you only pay a lease fee and small insurance cost annually - no land taxes! You're only taxed on the house and improvements. With just over half an acre of prime waterfront, this home has endless potential. Use it as a weekend getaway, a lucrative vacation rental, or your downsized retirement dream. There's ample room to expand and make it truly yours. Don't miss this chance to own a slice of lake life paradise. Act fast - this three-sided waterfront wonder won't last long! Come see the potential and start living your Toledo Bend dream today.

Last Agent to Sell the Property

Shane Allman

Allman Company Brokerage Phone: 4097873333 License #TREC #0522262 Listed on: 11/20/2025

Allman Company

Last Buyer's Agent

Shane Allman

Allman Company Brokerage Phone: 4097873333 License #TREC #0522262 Listed on: 11/20/2025

Allman Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,201

Year Built

  • Built in 1979

Lot Details

  • 0.5 Acre Lot
  • Waterfront
  • Dirt Road
  • Fenced

Parking

  • Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,216 Sq Ft Home
  • Wood Burning Fireplace
  • Water Views
  • Oven

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • Holly Bay Subdivision

Listing and Financial Details

  • Exclusions: Furnishings And Items In Garage.
  • Assessor Parcel Number R 99751

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,201

Year Built

Built in 1979

Lot Details

0.5 Acres

Listing Details

  • Attribution Contact: 4097873333
  • Directions: HWY 21 toward Louisiana. Turn south on FM 3121, then turn left onto FM 242, go 1/4 mi and turn RT onto Twin Cedars Dr. Stay to the left as you come into the subdivision then turn left onto Holly Bay then go right onto Bay Court. Then turn left onto the Island. House with be to your far right after crossing over to Island.
  • Prop. Type: Residential
  • Year Built: 1979
  • Exclusions: Furnishings And Items In Garage.
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 0.5
  • Lot Size: 0.5000
  • Road Surface Type: Dirt
  • Water Body Name: Toledo Bend
  • Subdivision Name: Holly Bay
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Oven
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Interior Amenities: Breakfast Bar, Vaulted Ceiling(s), Split Bedrooms
  • Living Area: 1216

Exterior Features

  • Roof: Composition
  • Fencing: None
  • View: Water
  • View: Yes
  • Waterfront Features: Waterfront
  • Waterfront: Yes
  • Disclosures: Seller Disclosure
  • Construction Type: Brick
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Front Porch

Garage/Parking

  • Attached Garage: No
  • Parking Features: 2 Car, Garage, Attached

Utilities

  • Water Source: Public
  • Sewer: Septic Tank
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Electric, Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 21780
  • Parcel #: R 99751

Tax Info

  • Tax Annual Amount: 2200.78
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Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2026 01/23/26 Sold -- -- --
12/24/2025 12/24/25 Pending -- -- --
11/20/2025 11/20/25 For Sale $209,000 -- $172 / Sq Ft
Source: Deep East Texas MLS, LLC

Agents Affiliated with this Home

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Map

Source: Deep East Texas MLS, LLC

MLS Number: 65107195

Deep East Texas MLS, LLC
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