7404 County Road 964Nevada, TX 75173

Description

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 Information

Property type

Residential

Sub-type

Single Family Residence

Structure type

House

Year built

1968

Living area

4,208 Sq Ft

Lot size

0.35 acres

Garage spaces

2

Days on market

173

MLS^® Listing#

21228583

Property Features

Interior

Vaulted Ceiling(s) · Wet Bar

Exterior

Balcony · Courtyard · Fire Pit · Private Yard · Storage · Other

Appliances

Dishwasher · Electric Cooktop · Electric Range · Double Oven · Refrigerator

Cooling

Ceiling Fan(s) · Central Air · Electric

Heating

Central · Electric · Fireplace(s)

Flooring

Ceramic Tile · Tile · Wood

Fireplace

Free Standing · Gas Starter · Wood Burning · Other

Parking

Garage · Garage Faces Side · Boat · RV Access/Parking

Fencing

Partial · Wood

Lot features

Corner Lot · Greenbelt · Landscaped · Many Trees · Waterfront · Subdivided

Construction

Wood Siding · Metal Siding

Foundation

Pillar/Post/Pier

Roof

Composition

Other structures

Garage(s)

Utilities

Cable Available · Electricity Connected · Phone Available

Sewer

Septic Tank

Water source

Well

Rooms

Schools

Elementary

Mcclendon

Middle

Leland Edge

High

Community

District

Community ISD

Financial Details

Annual taxes

$4,579

Parcel number

R074201200101

Directions

From HWY 78, exit 489 West. South on 487, West on 964.