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265 N Bay Dr, Bullard, TX, 75757

5beds
4baths
3,524sqft
$499,000
$142price/sqft
$3,685/moest. monthly cost
$147,400/yrincome needed

About This Home

One-of-a-kind and hard to replicate, this spacious 5-bedroom, 4-bath home in Emerald Bay sits on a large lot and delivers the lifestyle buyers are looking for. With flexible living spaces, a sunroom filled with natural light, recently renovated bathrooms and a versatile bonus area, there’s room for everything—work, guests, hobbies, or multi-generational living. A recently added luxury suite takes this home to the next level, featuring its own private retreat feel and a balcony overlooking Lake Palestine—perfect for morning coffee or winding down at sunset. Outside, the functionality continues with three covered parking spaces plus a dedicated golf cart garage with full-length storage—ideal for lake life and golf course living. Located inside the gated Emerald Bay community, you’ll enjoy access to golf, lake amenities, and more—all just minutes from home. This property offers space, flexibility, and outdoor spaces you simply will not find anywhere else.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

6/10
8/10
Bullard Middle SchoolGrades 7-87.0 mi
7/10
Bullard High SchoolGrades 9-127.6 mi

Construction

Condition

  • Year built: 1975

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Brick Veneer,Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range/Oven-Electric,Dishwasher,Microwave,2 or more Water Heaters,Electric Water Heater

Bathroom

  • Features: Shower Only,Shower and Tub,Walk-In Closet(s),Bar

Bedroom

  • Features: Other/See Remarks,Walk-In Closet(s)

Bedroom1

  • Area: 340.2

Bedroom2

  • Area: 112.11

Bedroom3

  • Area: 139.986

Bedroom4

  • Area: 139.86

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Dining Room

  • Features: Separate Formal Dining
  • Area: 120.99

Family Room

  • Area: 251.712

Features

  • Wet Bar,Ceiling Fan(s)
  • Flooring: Other/See Remarks,Tile
  • Fireplace features: Two or More
  • Fireplace: Yes
  • Attic: Attic Stairs

Heating & Cooling

  • Heating features: Central/Electric,Other/See Remarks
  • Cooling features: Central Electric,Ceiling Fan(s)

Interior Area

  • Total structure area: 3,524
  • Total interior livable area: 3,524 sqft

Kitchen

  • Features: Kitchen/Eating Combo
  • Area: 201.021

Living Room

  • Area: 328.32

Office

  • Area: 363.81

Property

Details

  • Parcel number: 180270000200204010
  • Special condition: Fees/Assessments Required,Homeowner's Assn Dues

Features

  • Levels: One and One Half,Two,Multi/Split
  • Stories: 2
  • Patio & porch: Patio Open,Patio Covered,Porch
  • Exterior features: Sprinkler System,Gutter(s)
  • Has spa: Yes
  • Spa features: Outdoor
  • Fencing: Wood
  • Waterbody name: Lake Palestine

Lot

  • Lot size: 0.25 Acres
  • Features: Subdivision Lot

Parking

  • Total spaces: 1
  • Parking features: Golf Cart Garage,Other/See Remarks,Garage Faces Side
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Texas Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,523$30,276
Home Insurance *$337$4,044
Property Taxes $439$5,268
Electricity $386$4,643
Total$3,685$44,220
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$126,342/yr
40% on housing$110,550/yr
45% on housing$98,266/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.1%
-1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$142This listing

vs Other Active Listings

Avg $/sqft

ZIP 75757$194
Smith County$176

vs Homes Sold Last Month

Median $/sqft

ZIP 75757$187
Smith County$171

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-02Listed for sale$520,000
2019-04-13Listing removed$190,000
2018-12-10Price change$190,000
2018-11-12Price change$195,000
2018-08-13Price change$199,900
2018-05-15Price change$208,000
2017-11-05Listed for sale$219,000
2016-04-01Listing removed$1,850
2016-02-24Listed for rent$1,850
2015-11-28Listing removed$195,000
2015-05-16Listed for sale$195,000

For Sale by Agent

AgentStephanie Miller
BrokerageStandard Real Estate

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