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$222,000 -$28,000 (-11.2%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 0.5 Acres
  • Updated 1 hour ago
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Escape to the beauty of East Texas with this barndominium on gated private Lake Mary-a 14-acre spring-fed lake tucked among rolling hills and towering trees near historic Palestine. Step inside to an inviting open living, dining, and kitchen area designed for relaxed gatherings. This home offers 3 bedrooms including a spacious primary suite with loft, office, and private bath, plus two guest bedrooms with a shared bath. Easy maintenance stained concrete floors throughout. The primary suite can also serve as a second living space and opens onto a large covered back porch with serene lake views. Nestled on one of the largest lots on Lake Mary, where the fishing is great, the property is shaded by mature trees and features a pergola and ample space for outdoor enjoyment. A detached 2-car carport includes storage for vehicles, boat, and all your lake toys. Two kayaks are included, so you can start enjoying lake life from the moment you arrive! Whether full time residence or a weekend retreat, relaxing on the porch, fishing, or paddling the quiet waters will provide the lake life you desire!

Full Property Details for 240 Private Rd 5515

General

  • Price: $222,000
  • HOA FEE: $125/month
  • Taxes: $2,724
  • Status: Active
  • Type: Single Family
  • Source: NTREIS
  • MLS ID: 21218791
  • Updated: 4/15/2026
  • Added to Site: 21 day(s) ago

Interior

  • Interior Features: Built-in Features, Open Floorplan, Pantry, Cable TV, Natural Woodwork
  • Appliances: Electric Cooktop
  • Flooring: Concrete

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Security/Safety: Smoke Detector(s)

Exterior

  • Porch/Patio/Deck: Covered

Parking

  • Carports: Yes
  • Carport Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Carport, Driveway

Location

  • County: Anderson
  • Subdivision: Lake Mary
  • Driving Directions: From Loop 256 in Palestine take Hwy 19 - 287 South towards Elkhart. Take FM 2419 to left on ACR 151. Take right on ACR 1515. Go to end of ACR 1515 and continue through Lake Mary's gated entrance.

School Information

  • Elem School District: Elkhart ISD
  • Midd School District: Elkhart ISD
  • High School District: Elkhart ISD
  • Elementary School: Elkhart
  • Middle School: Elkhart
  • High School: Elkhart

Community

  • Association: Yes
  • Assoc. Name: Lake Mary Association
  • Assoc. Fees Include: Association Management, Maintenance Grounds

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Electric
  • Heating Type: Central, Electric

Utilities

  • Sewer: Aerobic Septic
  • Cable Available: Yes
  • Utility Description: Electricity Connected, Septic Available, See Remarks, Cable Available

Structural Information

  • Property Detached: Yes
  • Architectural Style: Barndominium, Detached
  • Structure Type: House
  • Detached/Attached: Detached
  • Construction: Metal Siding
  • Roof: Metal
  • Stories/Levels: 2
  • Living Area: 1,960 Sq. Ft.
  • Year Built: 2017

Lot Features

  • Lot Size (Acres): 0.5
  • Lot Size (Sq. Ft.): 21,780
  • Frontage: Private Road
  • Lot Features: Subdivision, Waterfront
  • Fencing (Description): None

Water Features

  • Water Front: Yes
  • Water Front Desc.: Lake Front, Waterfront
  • Lake Front: Yes

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Association Fee: $125
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $2,724
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: LAKE MARY LOT 28, 29 & 30 (IMPROVEMENTS ONLY)
  • Exclusions: See Associated Documents
  • Property ID: R853851
  • Lot Number: 28

Listed by Staples Sotheby's International Realty LLC, Dana Staples

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Listing agent

— 240 Private Rd 5515 —

  • Dana Staples

    Staples Sotheby's International Realty LLC

903-630-4321

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 240 Private Rd 5515

School District:Elkhart Independent School District
NameGradesDistance
Elkhart Intermediate School
301 East Parker Street, Elkhart, TX 75839
3-55.3 mi
Elkhart Elementary School
301 East Parker Street, Elkhart, TX 75839
PK-25.3 mi
Elkhart Middle School
301 East Parker Street, Elkhart, TX 75839
6-85.3 mi
Elkhart High School
9002 South State Highway 19, Elkhart, TX 75839
9-123.4 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 240 Private Rd 5515 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/15/2026
Price Reduced
$222,000
-11.2%
MLS
3/25/2026
Listed
$250,000
—
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.

Tax History for 240 Private Rd 5515

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,174
-48%
$184,813
—
2022
$2,247
—
$184,813
4%
2022
$2,247
—
$178,090
40%
2022
$2,247
-40%
$126,849
26%
2021
$3,748
—
$101,044
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 240 Private Rd 5515

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Staples Sotheby's International Realty LLC, Dana Staples

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Listed by Staples Sotheby's International Realty, Dana Staples

240 Private Road 5515, Palestine, TX 75801 (MLS# 21218791) is a Single Family property with 3 bedrooms and 2 full bathrooms. 240 Private Road 5515 is currently listed for $222,000 and was received on March 25, 2026. Want to learn more about 240 Private Road 5515? Do you have questions about finding other Single Family real estate for sale in Palestine? You can browse all Palestine real estate or contact a Coldwell Banker agent to request more information.

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