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Collin, US
Charming renovated lakeview bungalow with bonus income potential just yards from Lake Lavon! 7424 County Road 961 in Nevada, TX is as cute as a button with neomodern flair and a nod to craftsman-era design. From the inviting wraparound porch to the sun-drenched picture windows, every detail feels intentional, artistic, and at ease. Currently operating as a short-term rental, the main home is move-in ready. The parcel spans five contiguous lots and includes three accessory dwellings (a 1 bed, 1 bath casita; 2 bed, 1 bath caban; and 2 bed, 1 bath cabin) awaiting renovation to multiply your return. (ADU floor plans and measurements coming soon.) Whether you're dreaming of a full-time lake escape or mapping out your next portfolio power move, this setup delivers unmatched flexibility. Outdoors, enjoy mature trees, a detached garage with bonus storage for vehicles & watercraft, and open views that shift with the light across the nearby shoreline.
Courtesy Of: Providence Group Realty
Feature Highlights
- Dining Room
- Family Room
- Tile Floor
- Accessory Unit
General Features
- Style:
- Craftsman,Traditional
- Foundation Type:
- Pillar/Post/Pier
- Garage:
- Additional Parking,Garage,Storage,Workshop in Garage
Public Schools
- School District:
- Community ISD
- Elementary School:
- Mcclendon
- Middle School:
- Leland Edge
- High School:
- Community
Interior Features
- Room Count:
- 6
- Baths Full:
- 1
- Beds Total:
- 2
- Flooring:
- Hardwood,Luxury Vinyl Plank,Tile
- Number Of Living Areas:
- 1
- Heating:
- Central,Electric
- Interior Features:
- Cable TV Available,Decorative Lighting,High Speed Internet Available
- Number Of Dining Areas:
- 1
Exterior Features and Amenities
- Lot Size:
- .5 to < 1 Acre
- Subdivision Name:
- Deep Water Point
- Roof:
- Composition
- Parking Features:
- Additional Parking,Garage,Storage,Workshop in Garage
- Lot Size Units:
- Acres
- Lot Size Source:
- Assessor
- Lot Size Area:
- 0.5320
- Lot Features:
- Corner Lot,Few Trees,Interior Lot,Lrg. Backyard Grass,Subdivision,Water/Lake View
- Exterior Features:
- Covered Patio/Porch
- Architectural Style:
- Craftsman,Traditional
Utility Information
- Utilities:
- Asphalt,Co-op Water,Electricity Connected,Outside City Limits,Rural Water District,Septic
Financial
- Unexempt Taxes:
- $3,567.00
- Transaction Type:
- For Sale
- Tax Legal Description:
- DEEP WATER POINT (GCN), BLK B, LOT 9 THRU 13
Other Features
- Year Built Details:
- Preowned
- Will Subdivide:
- No
- Accessory Unit Type:
- Accessory Dwelling Unit (ADU)
- Structural Style:
- Lake House,Single Detached,Vacation Home
- Possession:
- Closing/Funding
- Parcel Number:
- R074200200901
- Foundation Details:
- Pillar/Post/Pier
- Construction Materials:
- Siding,Wood
Directions
From TX-78, exit 489, and head west to 487 south, then left (west) on 964. Turn onto 961. Property is situated on the corner, and will be on the right.
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Data last updated: 2025-06-30.
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