229 SOUTHSIDE DRIVE, GAINESVILLE, TX 76240
Homes for sale in Gainesville.
Homes for sale in 76240.
List Price$725,000
229 Southside Drive
Gainesville, TX 76240
Listing #21190980
About This Property
This exceptional lakeview property offers the perfect blend of lifestyle & investment potential. Designed for comfortable full-time living or effortless second-home enjoyment, it delivers the peace, views, and outdoor access that make lake living so desirable. Beyond being a beautiful place to call home, the property has a proven track record as a high-performing short-term rental. Successfully operated as an Airbnb house for multiple years, it boasts an outstanding 4.95 star guest rating, demonstrating consistent demand, strong reviews, & reliable income history. Adding even more value, the property includes an additional barn that presents a unique opportunity for supplemental rental income-whether used for storage rentals, event space, or creative income-producing possibilities (subject to buyer use & local regulations). Whether you're looking for a serene lakeside residence, a turnkey short-term rental, or a hybrid lifestyle-investment property, this home checks every box with location, performance, & future income potential.
Property Features
Location Information
County
Cooke
Subdivision
Whispering Hills
Interior Features
Rooms
Second Floor Bedroom, Second Floor Bedroom, First Floor Full Bath, First Floor Kitchen, First Floor Living Room, First Floor Primary Bedroom
Has Fireplace
Yes
Interior
Built-in Features, Cathedral Ceiling(s), Decorative/Designer Lighting Fixtures, Double Vanity, Granite Counters, High Speed Internet, Kitchen Island, Loft, Open Floorplan, Natural Woodwork, Walk-In Closet(s), Wired for Sound
Number of Fireplaces
2
Master Bedroom Description
15 x 16
Heating
Central, Electric, Fireplace(s), Propane
Full Baths
2
Cooling
Attic Fan, Ceiling Fan(s), Electric
1/2 Baths
1
Floors
Ceramic Tile, Hardwood
Living Room Description
30 x 24
Appliances
Double Oven, Dishwasher, Electric Oven, Gas Cooktop, Microwave, Refrigerator
Kitchen Description
18 x 15
Exterior Features
Style
Traditional, Detached
Patio / Deck Description
Covered, Deck
Stories
2
Pool Description
None
Construction
Cedar, Rock, Stone
Other Structures
Workshop
Exterior
Covered Courtyard, Courtyard, Deck, Fire Pit, Gas Grill, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Living Area, Rain Gutters
Lot Description
Acreage, Landscaped, Rolling Slope, Many Trees, Sprinkler System
Foundation
Pillar/Post/Pier
Lot Size in Acres
0.817
Roof
Metal
Lot Size in Sq. Ft.
35,605
Utilities
Electricity Available, Propane, Septic Available, Water Available
Green Energy Features
Appliances, Insulation
Security System
Security System, Smoke Detector(s), Wireless
Road Description
All Weather Road
Parking Description
Additional Parking, Door-Single, Garage, Garage Door Opener, Inside Entrance, Oversized, Garage Faces Side, Storage, Boat, RV Access/Park
Has View
Yes
Has Garage
Yes
View Description
Water
Garage Spaces
2
Is One Story
No
Fencing
Fenced, Wood
Lot Description
Acreage, Landscaped, Rolling Slope, Many Trees, Sprinkler System
School
Elementary School District
Sivells Bend ISD
Jr. High School
Sivells Bend
Elementary School
Sivells Bend
High School
Muenster
Additional Information
Year Built Details
Preowned
Has a Home Owners Association
Yes
Property Type
SFR
HOA Fee
$700
Property SubType 2
House
HOA Frequency
Annually
Property SubType
Single Family Residence
HOA Includes
Association Management
Year Built
2006
Tax Annual Amount
5173.0
Status
Active
Community Features
Community Mailbox
Similar Listings
Mortgage Calculator
$3,385
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,612
Monthly Tax
$604
Monthly Insurance
$169
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
RITA GREER, RE/MAX FIRST REALTY
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NTREIS - North Texas data last updated at July 16, 2026, 4:15 PM CT
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