Date
Details
Price
Change
Source
6/06/2026
Listed
$700,000
—
MLS
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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$700,000
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Property Description
Experience luxury lakefront living with the convenience of the city in this stunning custom home located in the highly sought-after Princeton Lakes community. Situated on a rare 1-acre waterfront lot, this elegant 4-bedroom, 3-bath residence offers breathtaking panoramic lake views right from your own backyard-creating a peaceful retreat just minutes from shopping, dining, and entertainment. Qualified buyers may receive up to $5,600 in lender credit towards closing costs! The home features two spacious living areas, rich wood flooring, crown molding, and beautiful custom architectural details throughout. The thoughtfully designed split-bedroom layout provides privacy, while the versatile second living area can easily serve as a home office, study, formal living room, or library. At the heart of the home is an inviting open-concept kitchen with a large granite island, granite countertops, and a striking tumbled stone backsplash-perfect for entertaining or everyday living. The luxurious primary suite offers a relaxing sitting area and a spa-like bathroom complete with a garden jetted tub, creating the perfect place to unwind while enjoying tranquil lake views. Additional features include a 3-car garage with built-in cabinets, workbench, and storage, two water heaters, a central vacuum system, and a spacious utility room with a wet sink, cabinetry, and dedicated freezer space. The attic offers excellent potential for a future upstairs conversion, providing even more flexibility. Step outside to enjoy the serene waterfront setting, complete with a wrought iron pet area and full sprinkler system. Residents of Princeton Lakes enjoy exclusive access to four private lakes and are just minutes from Lake Lavon, offering endless opportunities for recreation while still enjoying the convenience of city living. This exceptional property combines peaceful lakefront serenity with modern luxury and everyday convenience-a rare opportunity you won't want to miss.
Full Property Details
Full Property Details for 101 Island Way
General
- Price: $700,000
- HOA FEE: $115/month
- HOA FEE FREQ.: Annually
- Taxes: $10,006
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21204056
- Updated: 6/6/2026
- Added to Site: 11 day(s) ago
Interior
- Interior Features: Built-in Features, Central Vacuum, Decorative/Designer Lighting Fixtures, Double Vanity, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Paneling/Wainscoting, Smart Home, Cable TV, Wired for Data, Natural Woodwork, Walk-In Closet(s), Wired for Sound
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room, Masonry
- Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Washer
- Flooring: Carpet, Ceramic Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Additional Information
- Equipment: Intercom
Exterior
- Exterior Features: Lighting, Rain Gutters
- Porch/Patio/Deck: Enclosed, Patio, Covered
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Covered Spaces: 3
- Parking Features: Additional Parking, Concrete, Door-Multi, Direct Access, Driveway, Garage, Garage Door Opener, Inside Entrance, Kitchen Level, Oversized, Garage Faces Side, Storage, Workshop in Garage
Location
- County: Collin
- Subdivision: Princeton Lakes
- Driving Directions: Go North on I-75 and take Exit University Blvd HWY 380. Go East to Princeton, turn right onto Island Way, first home on the left-hand side of the street.
School Information
- Elem School District: Princeton ISD
- Midd School District: Princeton ISD
- High School District: Princeton ISD
- Elementary School: Godwin
- Middle School: Clark
- High School: Princeton
Community
- Association: Yes
- Assoc. Name: PRINCETON LAKES PROPERTY OWNERS ASSOCIATION
- Assoc. Fees Include: Association Management, Security
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric, Zoned
- Heating Type: Central, Electric, Fireplace(s)
Utilities
- Sewer: Private Sewer, Septic Tank
- Water: Public
- Cable Available: Yes
- Utility Description: Electricity Available, Electricity Connected, Sewer Available, Septic Available, Separate Meters, Water Available, Cable Available
Structural Information
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Attached
- Roof: Composition
- Windows: Bay Window(s), Window Coverings
- Stories/Levels: 1
- Living Area: 2,735 Sq. Ft.
- Year Built: 2001
Lot Features
- Lot Size (Acres): 1
- Lot Size (Sq. Ft.): 43,560
- Fencing (Description): Partial, Wrought Iron
Water Features
- Water Front: Yes
- Boat Dock Slip: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Association Fee: $1,380
- Assoc Fee Freq.: Annually
- Tax Amount: $10,006
Disclosures and Reports
- Legal Description: PRINCETON LAKES (CPN), BLK A, LOT 1
- Property ID: R440200A00101
- Block: A
- Lot Number: 1
Listed by Keller Williams Central, Lisa Vargas
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 101 Island Way —
Lisa Vargas
Keller Williams Central
214-924-9936
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 101 Island Way
School District:Princeton Independent School District
| Name | Grades | Distance |
|---|---|---|
Godwin Elementary School 1019 North 6th Street, Princeton, TX 75407 | PK-5 | 2.1 mi |
Clark Middle 301 Panther Parkway, Princeton, TX 75407 | 6-8 | 1.7 mi |
Princeton High School 1000 East Princeton Drive, Princeton, TX 75407 | 9-12 | 1.4 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 101 Island Way
Tax History
Tax History for 101 Island Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,463
-17%
$532,780
-10%
2023
$5,365
-29%
$590,771
5%
2022
$7,569
—
$561,932
7%
2022
$7,569
—
$526,162
45%
2021
$7,605
2%
$363,895
4%
2020
$7,484
-12%
$348,825
2%
2019
$8,529
-5%
$341,059
-2%
2018
$8,937
16%
$347,620
17%
2017
$7,688
1%
$297,768
2%
2016
$7,578
9%
$291,500
10%
2015
$6,940
5%
$265,000
7%
2014
$6,605
14%
$248,424
10%
2013
$5,804
—
$225,840
—
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
Estimate the Cost for 101 Island Way
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- Single Family
- Active
- Updated 7 hours ago
- 3Beds
- 2Total Baths
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- Single Family
- Active
- Updated 17 hours ago
- 3Beds
- 2Total Baths
101 Island Way, Princeton, TX 75407 (MLS# 21204056) is a Single Family property with 4 bedrooms and 3 full bathrooms. 101 Island Way is currently listed for $700,000 and was received on June 06, 2026. Want to learn more about 101 Island Way? Do you have questions about finding other Single Family real estate for sale in Princeton? You can browse all Princeton real estate or contact a Coldwell Banker agent to request more information.