Open House Saturday June 13 | 11:00 am

101 Island Way

Princeton, TX 75407
$700,000
2,735 sqft
4 beds
3 baths

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.

Property Type: Residential - Single Family Residence
MLS Status: Active
MLS: 21204056
Year Built: 2001
County: Collin
Tract or Division: Princeton Lakes
List Date: 06/06/2026
Open House: Saturday June 13 | 11:00 am
Area:
Square Feet: 2,735
Total Beds: 4
Full Baths: 3
Half Baths: 0
Acres: 1
Lot Size (sqft): 43,560

800.451.8055

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Interior Features

 
Kitchen:
  • Intercom
Fireplace:
  • FamilyRoom
  • Masonry
  • Number of fireplaces: 1
Floor Coverings:
  • Carpet
  • CeramicTile
  • Hardwood
Appliances:
  • Dryer
  • Dishwasher
  • ElectricCooktop
  • ElectricOven
  • ElectricWaterHeater
  • Disposal
  • IceMaker
  • Microwave
  • Refrigerator
  • VentedExhaustFan
  • Washer
Windows:
  • BayWindows
  • WindowCoverings
Virtual Tour:

Exterior Features

 
Style:
  • Detached
Parking:
  • AdditionalParking
  • Concrete
  • DoorMulti
  • DirectAccess
  • Driveway
  • Garage
  • GarageDoorOpener
  • InsideEntrance
  • KitchenLevel
  • Oversized
  • GarageFacesSide
  • Storage
  • WorkshopInGarage
Roof Type:
  • Composition
Yard/Grounds:
  • Lighting
  • RainGutters
Pool Type:
  • None
Foundation:
  • Slab
Fencing:
  • Partial
  • WroughtIron

Utilities

 
Heating/Cooling:
  • Central
  • Electric
  • Fireplaces
Utilities:
  • ElectricityAvailable
  • ElectricityConnected
  • SewerAvailable
  • SepticAvailable
  • SeparateMeters
  • WaterAvailable
  • CableAvailable

Additional Property Details

 
Listing Agent: Lisa Vargas
Broker: Keller Williams Central
Amenities:
  • BuiltInFeatures
  • CentralVacuum
  • DecorativeDesignerLightingFixtures
  • DoubleVanity
  • GraniteCounters
  • HighSpeedInternet
  • KitchenIsland
  • OpenFloorplan
  • Pantry
  • PanelingWainscoting
  • SmartHome
  • CableTv
  • WiredForData
  • NaturalWoodwork
  • WalkInClosets
  • WiredForSound
Community:
  • BoatFacilities
  • Dock
  • Fishing
  • Lake
Listed by: Lisa Vargas, Keller Williams Central
Phone: 214.924.9936

Location

Schools

School Name Grades Admission
James A. Godwin Elementary School PK - 5 Regular
Clark Middle School 6 - 8 Regular
Princeton High School 9 - 12 Regular
3 Schools

*All school information should be verified by local Independent School District.

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* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.

The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

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