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$685,000

101 Island Way

Princeton, TX
Active
4
Bedrooms
3
Bathrooms
1.0
Lot Size (acres)
2001
Year Built
103
Days On Market

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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Listing Information

Listing Updated
7 days ago
Listed By
Lisa Vargas, 2149249936 · Keller Williams Central, 4694677755
MLS#
21204056
Source
North Texas Real Estate Information Systems (NTREIS)
Status
Active

Facts & Features

Location

Community Information

Address
101 Island Way, Princeton, TX 75407
City
Princeton
County
Collin
Neighborhood
Princeton Lakes
Zip Code
75407

Architecture

Bedrooms
4
Bathrooms
3
Year Built
2001
Foundation
Slab
Roof
Composition
Levels
One
Garage
Yes
Garage Spaces
3
Parking Features
Driveway, Attached, Oversized, Garage Door Opener, Garage, Concrete, Garage Faces Side, Storage, Workshop in Garage, Additional Parking, Inside Entrance, Kitchen Level, Direct Access

Features & Amenities

Interior Features
High Speed Internet, Walk-In Closet(s), Pantry, Kitchen Island, Central Vacuum, Granite Counters, Double Vanity, Wired for Data, Open Floorplan, Built-in Features, Smart Home, Natural Woodwork, Wired for Sound
Appliances
Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Washer, Disposal, Electric Oven, Ice Maker, Electric Cooktop, Vented Exhaust Fan
Flooring
Hardwood, Carpet, Ceramic Tile
Exterior Features
Lighting, Rain Gutters
Patio and Porch
Covered, Patio, Enclosed
Community Features
Lake, Fishing
Cooling
Ceiling Fan(s), Central Air, Electric, Zoned
Heating
Fireplace(s), Electric, Central, Exhaust Fan

Property Features

Lot Size
1 Acres
Lot Features
Waterfront
Water
Public
Sewer
Septic Tank
Utilities
Cable Available, Electricity Available, Electricity Connected

Square Footage

Total
2,735 sq. ft.

Tax & Financial Information

List Price
$685,000
Annual Taxes
$10,006
Association Fee
$1,380 (paid Annually)
Fee Includes
Security

Schools

99/100
Lacy Elementary
Elementary · Grades PK–05 · 2.3 mi
City
Princeton
Students
630
Parent reviews
5.0★ avg · 1 review
Student body
46% White · 43% Hispanic / Latino · 7% Black
Free/reduced lunch
56%
Phone
(469) 952-5400
76/100
Clark Middle
Middle · Grades 06–08 · 1.7 mi
City
Princeton
Students
696
Parent reviews
5.0★ avg · 1 review
Student body
47% Hispanic / Latino · 37% White · 12% Black
Free/reduced lunch
59%
Phone
(469) 952-5400
76/100
Lowe Elementary
Elementary · Grades PK–05 · 3 mi
City
Princeton
Students
655
Parent reviews
5.0★ avg · 1 review
Student body
37% Hispanic / Latino · 34% White · 17% Black
Free/reduced lunch
52%
Phone
(469) 952-5400
75/100
Mattei Middle
Grades M–M · 3.7 mi
City
Princeton
Parent reviews
5.0★ avg · 1 review
Phone
(469) 952-5400
67/100
Huddleston Intermediate
Grades M–M · 1.9 mi
City
Princeton
Students
397
Student–teacher
17.3
Student body
49% Hispanic / Latino · 35% White · 9% Black
Free/reduced lunch
59%
Phone
(469) 952-5400
56/100
Lovelady High School
7th & Above · Grades 09–09 · 1.4 mi
City
Princeton
Students
533
Student body
49% Hispanic / Latino · 29% White · 16% Black
Free/reduced lunch
47%
Phone
(469) 952-5400
56/100
Southard Middle
Middle · Grades 06–08 · 3 mi
City
Princeton
Students
768
Student body
40% Hispanic / Latino · 37% White · 17% Black
Free/reduced lunch
52%
Phone
(469) 952-5400
54/100
Canup Early Childhood
Elementary · Grades PK–PK · 1.9 mi
City
Princeton
Students
330
Student body
46% Hispanic / Latino · 25% Black · 18% White
Free/reduced lunch
74%
Phone
(469) 952-5400

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
09/10/2026Price change$685,000
06/06/2026Listed for sale$700,000

Listed by Lisa Vargas · Keller Williams Central · 4694677755

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, North Texas Real Estate Information Systems (NTREIS). All rights reserved.

Last Updated: September 10, 2026 at 3:22 PM | Source: North Texas Real Estate Information Systems (NTREIS) | MLS#: 21204056

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