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$489,999

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 3,945 Sq. Ft.
  • 0.28 Acres
  • 3 Car Garage
  • Updated 8 days ago
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Tucked inside the prestigious gated community of Emerald Bay in Bullard, Texas, this beautifully updated, 4 bed, 3.5 bath, 3945 sqft residence at 242 South Bay Drive offers a refined blend of comfort, functionality, and understated luxury. Thoughtfully improved from top to bottom, the home welcomes you with fresh interior paint and updated flooring that create a clean, cohesive feel throughout. The completely remodeled kitchen serves as the heart of the home, featuring double ovens, granite countertops, island, custom cabinetry and an expansive pantry that offers both convenience and style for everyday living and entertaining alike. Designed with flexibility in mind, the layout includes a dedicated office space ideal for working from home or managing daily life, along with a subtle, one-of-a-kind feature that adds an extra layer of intrigue and functionality the next owner is sure to appreciate. The primary suite and mother-in-law suite are both conveniently located downstairs, offering comfort and privacy for guests or multigenerational living. Upstairs, two generously sized bedrooms share a bathroom, both offering endless possibilities as a media room, game room, home gym, or creative space. Comfort is prioritized with recently replaced AC system for downstairs, ensuring efficiency year-round. Outside, the property continues to impress with a three car garage, as well as a greenhouse and raised garden beds for those who enjoy cultivating their own outdoor retreat. Living in Emerald Bay means more than just owning a home. It is access to a private, resort style lifestyle. Residents enjoy 24/7 gated security along with a full-service clubhouse and amenities including golf, pickleball, tennis, swimming, fishing, and boating, all set against the scenic backdrop of Lake Palestine. For VA-eligible buyers, up to 45% of the purchase price may be assumable at an incredible 2.25% VA interest rate. *Seller willing to contribute towards buyer's EB initiation fee!!*

Full Property Details for 242 S Bay Dr

General

  • Price: $489,999
  • HOA FEE: $439/month
  • Taxes: (2025)
  • Status: Active
  • Type: Single Family
  • Source: Tyler_MLS
  • MLS ID: 26005413
  • Updated: 8/19/2026
  • Added to Site: 133 day(s) ago

Rental Information

  • Complex Features: Lake, Pool, Boat Ramp

Interior

  • Interior Features: Master Bedroom Split, Guest Bedroom Split, Master Bedroom Downstairs, Guest Bedroom Downstairs, Walk-In Closet, Separate Walk-In Closets, Breakfast Bar, Ceiling Fan
  • Fireplace: Yes
  • Fireplace(s): Wood Burning
  • Appliances: Dishwasher, Disposal, Microwave, Double Oven, Electric Oven, Electric Cooktop, Instant Hot Water
  • Flooring: Carpet, Wood, Tile, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathroom Features: Shower and Tub, Shower/Tub, Separate Dressing Areas, Walk-In Closet, Separate Walk-In Closets, Tile, Garden Tub

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Kitchen: Pantry, Island

Additional Information

  • Shared Amenities: Common Area, Tennis Court(s), Golf Course, Fishing, Security, Playground
  • Security/Safety: Security Gate, Audio and Video Surveillance

Exterior

  • Exterior Features: Irrigation System, Rain Gutters
  • Porch/Patio/Deck: Patio, Covered

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Parking Features: Garage, Golf Cart Garage

Location

  • County: Smith
  • Subdivision: Emerald Bay
  • Driving Directions: From Emerald Bay security gate, Left on S Bay Drive, House on right at corner of Monticello Lane and South Bay Drive.

School Information

  • Elementary School: Bullard
  • Middle School: Bullard
  • High School: Bullard

Community

  • Community Name: Emerald Bay
  • Association: Yes

Heating & Cooling

  • Cooling Type: Central Electric, Zoned-3 Or More
  • Heating Type: Central/Electric

Utilities

  • Sewer: Other/See Remarks
  • Water: Municipal Utility District

Structural Information

  • Architectural Style: Traditional
  • Construction: Brick
  • Foundation: Slab
  • Roof: Composition
  • Square Feet: 3,945
  • Sq. Ft. Source: appraiser
  • Year Built: 1984
  • Year Built Source: SCAD
  • Property Condition: Pre-owned

Additional Structures

  • Other Structures: Greenhouse

Lot Features

  • Lot Size (Acres): 0.28
  • Lot Dimensions: .28 acres
  • Lot Description: Half Acre Or Less
  • Fencing (Description): Wood

Water Features

  • Water Front Name: Lake Palestine

Financial Considerations

  • For Sale: Yes
  • Price Per Sq. Ft.: $124.21
  • For Sale/Rent/Lease: For Sale
  • Association Fee: $439
  • Assoc Fee Freq.: Monthly
  • Tax Year: 2025
  • Terms: Assumable, Conventional, FHA, VA Loan, Cash, Other

Disclosures and Reports

  • Special Conditions: Yes
  • Legal Description: Lot 171, Emerald Bay

Listed by The Agency Tyler, Lindsey Newburn

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Listing agent

— 242 S Bay Dr —

  • Lindsey Newburn

    The Agency Tyler

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 242 S Bay Dr

School District:Bullard Independent School District
NameGradesDistance
Bullard Primary School, Bullard, TX
318 Schoolhouse Road, Bullard, TX 75757
PK-K7 mi
Bullard Primary School, Bullard, TX
2016 Panther Crossing, Bullard, TX 75757
1-27.2 mi
Bullard Elementary School
2008 Panther Crossing, Bullard, TX 75757
3-47.3 mi
Bullard Middle School
909 West Main Street, Bullard, TX 75757
7-86.8 mi
Bullard High School
1426 South Houston Street, Bullard, TX 75757
9-127.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 242 S Bay Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/26/2026
Price Reduced
$489,999
-2%
MLS
4/16/2026
Listed
$499,999
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by The Agency Tyler, Lindsey Newburn

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242 South Bay Drive, Bullard, TX 75757 (MLS# 26005413) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 242 South Bay Drive is currently listed for $489,999 and was received on April 16, 2026. Want to learn more about 242 South Bay Drive? Do you have questions about finding other Single Family real estate for sale in Bullard? You can browse all Bullard real estate or contact a Coldwell Banker agent to request more information.

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