101 Island Way
Princeton, TX, 75407
$
700,000
Bedrooms4
Baths3.0
Sq
2,735
Monthly Estimate*
$
4,310
for $700,000 with 4 bedrooms and 3 full baths. This 2,735 square foot home was built in 2001 on a lot size of 1.
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.
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Features
Interior
Interior Features
Built-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
Flooring
Carpet
Ceramic Tile
Hardwood
Basement Y/N
0
Dining Areas
2
Living Areas
2
Half Baths
0
Total Bedrooms
4
Total Baths
3
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General
Heating
Central
Electric
Fireplace(s)
Cooling
Ceiling Fan(s)
Central Air
Electric
Zoned
Utilities
City Water
Concrete
Electricity Available
Electricity Connected
Individual Water Meter
Private Sewer
Septic
Possession
Closing/Funding
Roof
Composition
Appliances
Dishwasher
Disposal
Dryer
Electric Cooktop
Electric Oven
Electric Water Heater
Ice Maker
Microwave
Refrigerator
Vented Exhaust Fan
Washer
Assoc Fees
1380
Number of Garage Spaces
3
School District
Princeton ISD
HOA Fee Includes
Management Fees
Security
Pool Y/N
0
Year Built
2001
Community Features
Boat Ramp
Community Dock
Fishing
Lake
Levels
One
Property Subtype
Single Family Residence
Subdivision Name
Princeton Lakes
Transaction Type
For Sale
Occupant Type
Owner
County
Collin
Property Type
Residential
HOA Type
Mandatory
Full Baths
3
Status
Active
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.
City
Princeton
Other Equipment
Intercom
Elementary School Name
Godwin
Elementary School
Godwin
Standard Status
Active
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Exterior
Waterfront
1
Exterior Features
Covered Patio/Porch
Rain Gutters
Lighting
Fencing
Partial
Wrought Iron
Garage Length
23
Garage Width
30
Parking Features
Additional Parking
Concrete
Direct Access
Driveway
Garage
Garage Door Opener
Garage Double Door
Garage Faces Side
Inside Entrance
Kitchen Level
Oversized
Storage
Workshop in Garage
WaterFront Features
Lake Front - Common Area
Lot Size
1 to < 3 Acres
Foundation
Slab
Structural Style
Single Detached
Garage Y/N
1
Attached Garage Y/N
1
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* Excluded Features
List By
Lisa Vargas
Listing Agent
Keller Williams Central
Broker
Affordability Calculator
- Monthly Principal & Interest
- $4,310
- Monthly Property Taxes
- $834
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Single family listings in Princeton, TX
Average List Price
$337,105
Percent of Sale Price
52%
About Princeton, TX
11,667
Population
145%
Since 2002
$
56,292
Median Income
35.12
Median Age
40%
Households with Children
Trends Information provided by ATTOM Data Solutions.
286571
Elementary School
3676441
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
6/6/2026
|
$700,000
|
|
Listed Price
|