1516 N Lakeview Drive

Palo Pinto, TX
$ 1,200,000 Beds 6 Baths 3 Sq 5,908 Virtual Tour
Monthly Estimate* How much can I afford?

Palo Pinto Lake Retreat - waterfront living, reimagined! This one-of-a-kind property offers TWO homes on Lake Palo Pinto, giving you flexibility for guest quarters or serious income potential. The centerpiece of the waterfront is a custom-built, two-story dock with two boat lifts and jet ski platforms, built to handle everything from fishing trips to a full day of tubing and skiing on the lake. The main home is a beautifully updated 3-bedroom, 2-bath residence with granite counters, a kitchen island, an open floorplan, and its own covered dock with boat lift. The guest cabin has been completely remodeled, featuring a brand new mini-split HVAC system, a new stone back porch overlooking the water, a new propane line, and updated electrical. Additional upgrades include a fully fenced perimeter with two new gated entrances, adding both privacy and peace of mind. A 45x50 insulated workshop with two 12x12 overhead doors and a walk-through door offers abundant storage for boats, ATVs, and all your lake toys. Whether you're chasing full-time lake life, a weekend escape, or a turnkey rental setup, this property delivers. And with swim season still going strong, summer isn't over yet! There's still time to close and get some lake days in before fall.

Active

  • Price
  • $ 1,200,000
  • City
  • Palo Pinto
  • Bedrooms
  • 6
  • Full Bathrooms
  • 3
  • County
  • PALO PINTO
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 1.147 Acres
  • Zip
  • 76484
  • Sqr Footage
  • 5,908
  • Taxes
  • $ 10807
  • Style
  • Single Family Residence
  • MLS#
  • 21368920
Listed By: Keller Williams Brazos West
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Utilities Aerobic Septic,Electricity Connected,Propane,Rural Water District
Possession Negotiable
Roof Composition
Appliances Dishwasher,Dryer,Electric Range,Refrigerator,Washer
Number of Garage Spaces 2
School District Santo ISD
Exclusions See Transaction Desk
Year Built 9999
Levels Two
Unexempt Taxes 10807
Will Subdivide No
Property Subtype Single Family Residence
Subdivision Name Love Pp Lake
Transaction Type For Sale
Occupant Type Tenant
Carport Spaces 1
County Palo Pinto
Property Type Residential
HOA Type None
Full Baths 3
Status Active
Directions GPS to Address. Sign on property
City Palo Pinto
Elementary School Name Santo
High School Santo
Elementary School Santo
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21368920
Standard Status Active
Listing Terms Cash,Conventional

Interior Features

Interior Features Decorative Lighting,Granite Counters,Kitchen Island,Open Floorplan
Fireplace Features Wood Burning
Fireplaces Total 1
Dining Areas 3
Living Areas 2
Room Count 17
Lock Box Type Combo
Total Bedrooms 6
Total Baths 3
Laundry Features Electric Dryer Hookup,Utility Room,Full Size W/D Area,Dryer Hookup,Washer Hookup

Exterior Features

Waterfront Yes
Garage Length 50
Garage Width 45
Other Structures Guest House,Outbuilding,Residence,RV/Boat Storage,Workshop w/Electric
Lot Size Source Assessor
Parking Features Additional Parking,Asphalt,Boat,Covered,Driveway,Gated,Gravel
WaterFront Features Dock – Covered,Lake Front,Personal Watercraft Lift
Lot Size 1 to < 3 Acres
Covered Spaces 3
Lot Size Area 1.1470
Lot Size Units Acres
Structural Style Lake House,Single Detached
Garage Y/N Yes
Lot Size Square Feet 49963.3200
Lot Size Acres 1.1470

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Waco, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Santo Elementary School
Middle School Unknown Middle School
High School

Price History

8/25/2026 Listed $1,200,000

Property vs Zip Code Average in 76484

Price
AVG $580K
$1.2M
Taxes
AVG $5,580
$10,807
Visits
AVG 178
13
Data Provided by Inside Real Estate®

Areas That We Cover

1516 N Lakeview Drive Palo Pinto, TX is a Single Family Home for sale at $1200000 with 5908 sqft and a lot size of 1.147 Acres Acre(s). 1516 N Lakeview Drive Palo Pinto has 6 bedrooms, 3 baths . The property's zip code is 76484 which is in Palo Pinto, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.