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101 Island Way

Princeton, TX 75407

$685,000

4 bd · 3 ba · 2,735 sq ft · 1 ac

Bedrooms4
Bathrooms3
Living area2,735 sq ft
Lot size1 acres
Year built2001
Stories1
Garage3 cars
TypeSingle-family

What it costs to own

Taxes$10,006 per year
MUDNone listed
HOA$1,380 per year · PRINCETON LAKES PROPERTY OWNERS ASSOCIATION
HOA fee coversManagement Fees, Security
Price per sq ft$250 per sq ft

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

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.

The details

HeatingCentral, Electric, Fireplace(s)
CoolingCeiling Fan(s), Central Air, Electric, Zoned
FlooringCarpet, Ceramic Tile, Hardwood
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Washer
Interior featuresBuilt-in Features, Cable TV Available, Central Vacuum, Decorative Lighting, Double Vanity, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Kitchen Island, Natural Woodwork, Open Floorplan, Paneling, Pantry, Smart Home System, Sound System Wiring, Walk-In Closet(s), Wired for Data
Fireplace1 · Brick, Family Room

RoofComposition
FoundationSlab

FencingPartial, Wrought Iron
Water sourceCity Water, Individual Water Meter
SewerPrivate Sewer, Septic
ElectricElectricity Available, Electricity Connected

SubdivisionPrinceton Lakes
Community featuresBoat Ramp, Community Dock, Fishing, Lake

ElementaryGodwin
Middle schoolClark
High schoolPrinceton
DistrictPrinceton ISD

MLS #21204056
Source
Price changeReduced by $15,000 · Sep 10, 2026
On the market99 days
CountyCollin

Around this home

One moment…

Everyday life

Nearest groceryWalmart Supercenter · 2.8 mi
Nearest parkTwin Groves Park · 1.2 mi

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Listing courtesy of Keller Williams Central — Lisa Vargas.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21204056. Information last updated September 10, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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