555 Lakeshore Dr, Palestine, TX, 75801
About This Home
Welcome to your own private East Texas retreat in Palestine! Nestled on 1.42 beautifully landscaped acres shaded by mature trees, this exceptional custom-built property offers luxury living, resort-style entertaining, and space for everything imaginable. From the garden area and fruit trees to the stunning outdoor amenities, every inch of this property has been thoughtfully designed for comfort and enjoyment. The impressive 3,500 sq ft main home features 5 bedrooms and 4 bathrooms with a versatile floorplan ideal for both everyday living and entertaining. Inside, you’ll find a formal dining room, dedicated office space, oversized bonus room, and two private en suite bedrooms perfect for guests or multi-generational living. The chef’s kitchen is a standout with a gas Wolf range, abundant cabinetry, and generous workspace ready for gatherings large or small. Step outside and discover your own backyard paradise. The heated saltwater pool with waterfall feature creates a true resort atmosphere, while the spectacular 873 sq ft pool house takes entertaining to another level with surround sound, a gourmet-style kitchen, brick pizza oven, restaurant-grade gas and charcoal grills, industrial vent hood, and relaxing screened patio area. Car enthusiasts, hobbyists, or business owners will appreciate the attached 988 sq ft 3-car garage plus the separate heated 2-car garage/shop complete with its own private Hamilton Road entrance, office, bathroom, and loft storage. A greenhouse and whole-house generator add even more functionality and peace of mind. This one-of-a-kind property offers the perfect blend of luxury, privacy, functionality, and outdoor living, all just minutes from the conveniences of town.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1975
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Brick Veneer
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Range/Oven-Gas,Dishwasher,Disposal,Microwave,2 or more Water Heaters
Bathroom
- Features: Shower Only,Shower and Tub,Shower/Tub,Ceramic Tile
Bedroom
- Features: Guest Bedroom Split
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Dining Room
- Features: Separate Formal Dining
Features
- Ceiling Fan(s),Sound System,Pantry
- Window features: Plantation Shutters
- Flooring: Carpet,Wood,Tile
- Fireplace features: Two or More
- Fireplace: Yes
Heating & Cooling
- Heating features: Central/Electric
- Cooling features: Central Electric,Ceiling Fan(s)
Interior Area
- Total structure area: 4,357
- Total interior livable area: 4,357 sqft
Master Bedroom
- Features: Master Bedroom Split,Sitting Area in Master
Property
Details
- Parcel number: 30892
- Special condition: Other/See Remarks
Features
- Levels: One
- Stories: 1
- Pool features: Heated,Gunite,In Ground,Salt Water
- Patio & porch: Patio Open,Patio Covered
- Exterior features: Sprinkler System
- Fencing: Chain Link,Wrought Iron
Lot
- Lot size: 1.42 Acres
- Features: Subdivision Lot
Parking
- Total spaces: 5
- Parking features: Garage Faces Side,Door w/Opener w/Controls,Workshop in Garage,Other/See Remarks
- Has garage: Yes
- Attached garage spaces: 5
- Covered spaces: 5
- 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
- Tornado
- Cold Wave
- Ice Storm
- Lightning
- Strong Wind
- Heat Wave
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,357 | $40,284 |
| Home Insurance * | $709 | $8,508 |
| Property Taxes | $952 | $11,424 |
| Electricity | $478 | $5,741 |
| Total | $5,496 | $65,952 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-07 | Price change | $649,900 |
| 2026-07-01 | Price change | $664,000 |
| 2026-05-16 | Listed for sale | $675,000 |
| 2024-05-29 | Sold | -- |
| 2024-03-27 | Listed for sale | $499,000 |
| 2019-11-12 | Sold | -- |
| 2019-10-18 | Pending sale | $300,000 |
| 2019-10-16 | Price change | $300,000 |
| 2019-10-08 | Pending sale | $350,000 |
| 2019-09-12 | Price change | $350,000 |
| 2019-08-30 | Price change | $300,000 |
| 2019-07-29 | Price change | $350,000 |
| 2019-05-03 | Price change | $375,000 |
| 2018-10-25 | Listed for sale | $395,000 |
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