7404 County Road 964, Nevada, Texas, 75173
$950,000
4,208 Sqft
0.35 Acres
6 bd
6 ba
#21228583
Lakefront retreat, income opportunity, and private escape all in one property located less than an hour from Dallas on the shores of Lake Lavon. This unique property offers flexibility for personal use, investment, or multi-generational living with multiple possible income strategies. Currently operating with strong short-term rental appeal, the property has potential for six-figure gross annual STR income depending on occupancy and management. The flexible layout may also work well for mid-term rentals, long-term rentals, house hacking opportunities, rent-by-the-room concepts, corporate retreats, group retreats, or hybrid owner-occupant investment strategies. Designed for gathering and entertaining, the property features expansive outdoor spaces, lake views, multiple living and sleeping areas, updated finishes, hot tub, firepit area, and large common spaces ideal for hosting guests or extended stays. Opportunities like this near DFW are becoming increasingly rare as development and growth continue around Lake Lavon. Whether you're searching for a waterfront residence, weekend getaway, Airbnb investment, or flexible income-producing property, this one offers options difficult to find in today’s market. Seller is open to discuss owner financing.
PROPERTY FEATURES
- Utilities : All Weather Road,Co-op Water,Electricity Connected,Individual Water Meter,Outside City Limits,Phone Available,Septic,Well
- Easements : Utilities,Other
- Parking Features: Garage,Garage Faces Side
- Has Garage
- 2 Garage Spaces
- Garage Length: 24
- Garage Width: 24
- 2 Covered Spaces
- Fencing : Partial,Wood
- Exterior Features: Balcony,Courtyard,Covered Patio/Porch,Fire Pit,Private Yard,RV/Boat Parking,Storage,Other
- Lot Features : Corner Lot,Greenbelt,Landscaped,Lrg. Backyard Grass,Many Trees,Subdivision,Water/Lake View,Waterfront
- Lot Features : Composition
- Waterfront Property
- Waterfront Features : Lake Front,Lake Front – Corps of Engineers,Lake Front – Main Body
- Architectural Style : Traditional,Other
- Structural Style : Lake House,Single Detached,Vacation Home
- Pool Features:Separate Spa/Hot Tub
- Cooling: Ceiling Fan(s),Central Air,Electric
- Heating : Central,Electric,Fireplace(s)
- Construction Materials: Metal Siding,Siding,Wood
- Foundation Details: Pillar/Post/Pier
- Interior Features: Cable TV Available,Decorative Lighting,Paneling,Vaulted Ceiling(s),Wet Bar
- Fireplaces Number : 2
- Fireplace Features: Brick,Freestanding,Gas Starter,Wood Burning,Other
- Appliances : Dishwasher,Electric Cooktop,Electric Range,Double Oven,Plumbed For Gas in Kitchen,Refrigerator
- Flooring : Ceramic Tile,Tile,Wood
- Levels : Two
- Green Verification Count : 0
- Other Structures : Garage(s),Separate Entry Quarters
- Title Company Preferred: WG Title - Rachelle Dytko
PROPERTY DETAILS
ID: 21228583
Status: Active
Price: $950,000
Acres: 0.35 Acres
Price Per Acre: $2,714,286
Type: Single Family / Detached
Address: 7404 County Road 964
City, State: Nevada, Texas
County: Collin
Zip Code: 75173
Lat/Long: 33.058407, -96.453008
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