About 101 Island Way
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.
Features of 101 Island Way
| MLS® # | 21204056 |
|---|---|
| Price | $700,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 2,735 |
| Acres | 1.00 |
| Year Built | 2001 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 101 Island Way |
|---|---|
| Subdivision | Princeton Lakes |
| City | Princeton |
| County | Collin |
| State | TX |
| Zip Code | 75407-5485 |
Amenities
| Utilities | City Water, Concrete, Electricity Available, Electricity Connected, Individual Water Meter, Private Sewer, Septic |
|---|---|
| Features | Boat Ramp, Community Dock, Fishing, Lake |
| # of Garages | 3 |
| Garages | Additional Parking, Concrete, Direct Access, Driveway, Garage, Garage Door Opener, 2-Car Double Doors, Garage Faces Side, Inside Entrance, Kitchen Level, Oversized, Storage, Workshop in Garage |
| Is Waterfront | Yes |
| Waterfront | Lake Front - Common Area |
| Has Pool | No |
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, Paneling, Pantry, Smart Home System, Sound System Wiring, Walk-In Closet(s), Wired for Data |
|---|---|
| Appliances | Intercom |
| Heating | Central, Electric, Fireplace(s) |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Brick, Family Room |
Exterior
| Exterior Features | Covered Porch(es), Rain Gutters, Lighting |
|---|---|
| Roof | Composition |
| Foundation | Slab |
School Information
| District | Princeton ISD |
|---|---|
| Elementary | Godwin |
| Middle | Clark |
Listing Details
| Agent | Lisa Vargas |
|---|---|
| Office | Keller Williams Central |
| Contact Info | 214-924-9936 |
| Office Contact | 214-924-9936 |