489 Martha Street, Bullard, TX 75757
Shadybrook · Cherokee County
Key Facts
Description
Deep-Water on Lake Palestine, Shadybrook Gated Community There's lake life — and then there's this. Tucked inside the exclusive gated community of Shadybrook on Lake Palestine, this exceptional East Texas retreat offers something that serious water lovers spend years searching for: 192 feet of deep-water shoreline. That's not a detail. That's a lifestyle. Spanning approximately 0.6 acres across four separate tracts, this property delivers rare flexibility alongside stunning waterfront living. Whether you're casting a line from your private fishing pier, launching from your own boat dock, or simply watching the sun melt into the lake at the end of the day, this is the kind of place that makes every season feel like vacation. The main home offers 3 bedrooms and 2 bathrooms — comfortable and inviting whether you're settling in full-time or escaping for the weekend. And the possibilities don't stop there. With four tracts combined, there's ample room to build a second residence while living in the existing home, making this as strong an investment as it is a retreat. The impressive 20x40 shop with heated and cooled office quarters and a full bathroom adds another layer of versatility — think guest overflow, a creative studio, a home office, or the ultimate hobby space. A whole-home propane generator ensures you're never at the mercy of the grid, and the property's short-term rental-friendly status opens the door to serious income-producing potential. Gated security. Deep water. Room to grow. East Texas at its absolute finest. This is the one you don't wait on.
Property Information
Property Type
Residential
Sub-Type
Mobile Home
Year Built
2004
Living Area
1,323 sq ft
Lot Size
0.60 acres
Days on Market
88
MLS® Listing#
21199726
Property Features
Interior
Appliances
Cooling
Heating
Parking
Lot Features
Construction
Sewer
Rooms
- Living Room0 x 0First
- Master Bathroom0 x 0First
- Master Bedroom0 x 0First
Schools
- Elementary:
- Bullard
- Middle:
- Bullard
- High:
- Bullard
- District:
- Bullard ISD
Financial Details
HOA
$629 / Annually
Shadybrook
Parcel Number
531859000, 531860000
Directions
From Tyler Loop 323 Head West on FM 2493 Old Jacksonville Hwy, follow FM 346 to Shadybrook Subdivision, turn right on Caroline St, turn left onto Caroline Bend, turn right onto Wiley Dr, Wiley Dr turn left and becomes Martha Dr, house will be on your right, SIY. GPS will take you there.
Affordability Calculator
$95,000
Estimated monthly payment
$2,528/mo
Principal $380,000 · Est. interest $530,134 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Bullard, TX
- $486,486
- Median Listing Price
- 75
- Median Days on Market
- 2,338
- Median Sq Ft
- $210
- Median Price / Sq Ft
- 274
- Active Listings
- This home’s price is 2% below the area median.
- Its price per sq ft is 71% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Bullard, TX.
Location
Points of Interest in Bullard, TX
Showing the Bullard area map.
Nearby Schools
Frankston High School
Secondary · 4.7 mi away
Frankston Elementary Pto
Elementary · 4.7 mi away
Anderson County Special Education Co-OP
School · 5.6 mi away
Bullard Middle School
Secondary · 6.9 mi away
Bullard Intermediate School
Secondary · 7.0 mi away
Bullard Primary School
Elementary · 7.1 mi away
Bullard MS
Elementary · 7.1 mi away
The Brook Hill School
Secondary · 7.2 mi away
Brook Hills Lower School
School · 7.2 mi away
Bullard Elementary
Elementary · 7.3 mi away
Bullard Primary
Elementary · 7.3 mi away
Bullard High School
Secondary · 7.7 mi away
Owens Elementary School
Elementary · 9.9 mi away
Lapoynor H S
Secondary · 11.7 mi away
Jack Elementary School
Elementary · 11.7 mi away
Three Lakes Middle School
Secondary · 12.8 mi away
Joe Wright Elementary School
Elementary · 12.9 mi away
Kids N Motion
School · 13.1 mi away
Oak Hill Montessori School
Elementary · 13.1 mi away
West Side Elementary School
Elementary · 13.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 602 ELLA ST, Bullard, TX | $333,000 | 4 | — | 1,389 |
| 12311 CR 182, Bullard, TX | $339,900 | 4 | — | 1,812 |
| 207 Sides Boulevard, Bullard, TX | $349,000 | 4 | 2 | 1,850 |
| 154 Fairway Dr., Bullard, TX | $349,000 | 3 | — | 1,931 |
| 207 Sides Blvd, Bullard, TX | $349,000 | 4 | — | 1,850 |
| 115 Amanda Ave., Bullard, TX | $354,000 | 4 | — | 1,788 |
Moving Cost Estimate
EXIT Agents in Bullard
Listing Courtesy: The Property Shoppe - eXp Realty, LLC - 903-561-2200
Presented by: Kim Houser
Last Updated: 2026-03-05