101 ISLAND WAY, PRINCETON, TX 75407
Homes for sale in Princeton.
Homes for sale in 75407.
List Price$700,000
101 Island Way
Princeton, TX 75407
Listing #21204056
About This Property
Experience luxury lakefront living with the convenience of the city in this stunning custom home located in the highly sought-after Princeton Lakes community. Situated on a rare 1-acre waterfront lot, this elegant 4-bedroom, 3-bath residence offers breathtaking panoramic lake views right from your own backyard--creating a peaceful retreat just minutes from shopping, dining, and entertainment. Qualified buyers may receive up to $5,600 in lender credit towards closing costs! The home features two spacious living areas, rich wood flooring, crown molding, and beautiful custom architectural details throughout. The thoughtfully designed split-bedroom layout provides privacy, while the versatile second living area can easily serve as a home office, study, formal living room, or library. At the heart of the home is an inviting open-concept kitchen with a large granite island, granite countertops, and a striking tumbled stone backsplash--perfect for entertaining or everyday living. The luxurious primary suite offers a relaxing sitting area and a spa-like bathroom complete with a garden jetted tub, creating the perfect place to unwind while enjoying tranquil lake views. Additional features include a 3-car garage with built-in cabinets, workbench, and storage, two water heaters, a central vacuum system, and a spacious utility room with a wet sink, cabinetry, and dedicated freezer space. The attic offers excellent potential for a future upstairs conversion, providing even more flexibility. Step outside to enjoy the serene waterfront setting, complete with a wrought iron pet area and full sprinkler system. Residents of Princeton Lakes enjoy exclusive access to four private lakes and are just minutes from Lake Lavon, offering endless opportunities for recreation while still enjoying the convenience of city living. This exceptional property combines peaceful lakefront serenity with modern luxury and everyday convenience--a rare opportunity you won't want to miss.
Property Features
Location Information
County
Collin
Subdivision
Princeton Lakes
Interior Features
Rooms
First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Dining Room, First Floor Family Room, First Floor Kitchen, First Floor Living Room, First Floor Primary Bathroom, First Floor Primary Bedroom, First Floor Utility Room
Has Fireplace
Yes
Interior
Built-in Features, Central Vacuum, Decorative/Designer Lighting Fixtures, Double Vanity, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Paneling/Wainscoting, Smart Home, Cable TV, Wired for Data, Natural Woodwork, Walk-In Closet(s), Wired
Number of Fireplaces
1
Master Bedroom Description
17 x 20
Heating
Central, Electric, Fireplace(s)
Full Baths
3
Cooling
Central Air, Ceiling Fan(s), Electric, Zoned
Dining Room Description
12 x 13
Floors
Carpet, Ceramic Tile, Hardwood
Living Room Description
13 x 13
Appliances
Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Washer
Kitchen Description
16 x 13
Exterior Features
Style
Detached
Fencing
Partial, Wrought Iron
Stories
1
Patio / Deck Description
Enclosed, Patio, Covered
Exterior
Lighting, Rain Gutters
Pool Description
None
Foundation
Slab
Lot Size in Acres
1
Roof
Composition
Lot Size in Sq. Ft.
43,560
Utilities
Electricity Available, Electricity Connected, Sewer Available, Septic Available, Separate Meters, Water Available, Cable Available
Has Waterfront
Yes
Parking Description
Additional Parking, Concrete, Door-Multi, Direct Access, Driveway, Garage, Garage Door Opener, Inside Entrance, Kitchen Level, Oversized,
Is One Story
Yes
Has Garage
Yes
Windows Description
Bay Window(s), Window Coverings
Garage Spaces
3
School
Elementary School District
Princeton ISD
Jr. High School
Clark
Elementary School
Godwin
High School
Princeton
Additional Information
Property Type
SFR
HOA Fee
$1,380
Property SubType 2
House
HOA Frequency
Annually
Property SubType
Single Family Residence
HOA Includes
Association Management, Security
Year Built
2001
Tax Annual Amount
10006.0
Status
Active
Community Features
Boat Facilities, Dock, Fishing, Lake
Has a Home Owners Association
Yes
Similar Listings
Mortgage Calculator
$3,268
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,522
Monthly Tax
$583
Monthly Insurance
$163
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Lisa Vargas, Keller Williams Central

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NTREIS - North Texas data last updated at June 7, 2026, 3:25 AM CT
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