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$12,500,000
Est. payment /mo
19.15 Acres Lot
UPDATED:
12/02/2024 05:40 PM
Key Details
Property Type Single Family Home
Sub Type Building
Listing Status Active
Purchase Type For Sale
Subdivision Tx
MLS Listing ID 23003642
Lot Size 19.150 Acres
Acres 19.15
Lot Dimensions Irregular
Property Description
What a rare opportunity to purchase a unique property on Lake Palestine with endless options, 19+ acres, 2,600'+ HWY frontage, 570'+ Waterfront, 33,000'+ of improvements all with a Beautiful Sunset. Currently used an Wedding Venue, Event Center, Vrbo Lodging, Offices and Beach Club with Boat Launch, Swimming & Fishing. Design plan ideas available for expanded Event Center, Hotel, Restaurant, Exclusive RV Park, Marina and more. Owner is willing to discuss a Partnership or Investor Interest The Lodging through Vrbo (#3034837) offers 6 private bedrooms, 12 beds and up to 19 guests. Two full baths, kitchen, living room, deck/patio and access to a fully equipped gym, hot tub, beach, gorgeous common area with a pool table and outdoor palapa. The Venue is perfect for indoor or outdoor lake front weddings with that gorgeous sunset. The beautiful ballroom provides an extraordinary location for your wedding, Quincea�era, corporate event or any celebration! The grand staircase and striking chandelier are ideal for your Grand Entrance as Mr. & Mrs. The Beach Club offers Swimming, Beach Volleyball, Paddle Boarding, Fishing, Boat/Jetski Launch, Lounges, Picnic Tables and Umbrellas or bring your Kayak and enjoy the 18 mile long Lake Palestine. Property has almost 10 acres of undeveloped area for more growth, Gated front security entrance, 2,680' of Highway 155 Frontage with 2 driveway cuts, 572' of Surveyed waterfront area, (870' of total area with State land included) Opportunity to add Dock, Fishing Pier, Marina or Boathouse. Main building besides the Vrbo Lodging also has an additional office/rooms that can be converted into more Lodging rooms, Meeting rooms, Event rooms, etc. Lake Palestine is a Freshwater Reservoir, 18 miles long, covers 25K acres, 58' depth and is known for it's White bass, Blue catfish, Largemouth bass, Channel catfish, Spotted bass and more. Average of 20 Fishing Tournaments yearly. Boating, Skiing, kayaking, etc. See attachments for more details.
Location
State TX
County Smith
Area Smith
Zoning Other/See Remarks
Interior
Heating Central Electric
Cooling Central Electric
Exterior
View Y/N No
Building
Sewer Aerobic Septic Sys, Conventional Septic, Sewer Available
Others
Miscellaneous Security System,Security Lighting,Inside Storage,Outside Storage
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Listed by Ray Verhey • Staples Commercial Group, LLC
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