$279,900 Price Analysis 122 Isle Unit Holly Bay Dr Lot 46Hemphill, TX 75948 2 bed 1 bath 1,216 SqFt ($230/SqFt) 0.51 acre lot. Listed 2023-10-17 | ✓ USDA Eligible near Hemphill, TX |
This unique opportunity is available for whomever strikes quckly. This 2 bedroom 1 bath waterfront brick home sits on over 1/2 an acre of prime Toledo Bend waterfront. What makes this property so special is that the .51 acres is all lease back on a 20 yr lease from the SRA. So what makes that special? You pay a lease fee and small insurance fee each year but don't pay taxes on the land.
You are taxed on the house and improvements. This house has so much potential to be a weekend lake house, a vacation rental investment opportunity or a downsized retirement house to enjoy lake life at. With room to add on, this corner lot offers 3 sides of waterfront giving you both a main lake feel as well as a protected cove. Come see for yourself!
Presented by Shane Allman at
Allman Company.
Property MLS #208796 from TEXASAORMLS
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.