101 Island Way, Princeton, TX 75407

• 4 beds |
• 3 baths |
• 2,735 sqft

Property 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.

Listing Status:

Active

Data Last Updated:

June 12, 2026 at 9:20PM

Listing Office:

Keller Williams Central : 469-467-7755

Listing Agent:

Lisa Vargas :

MLS ID:

21204056

Interior

• General: Built-in FeaturesCentral VacuumDecorative/Designer Lighting FixturesDouble VanityGranite CountersHigh Speed InternetKitchen IslandOpen FloorplanPantryPaneling/WainscotingSmart HomeCable TVWired for DataNatural WoodworkWalk-In Closet(s)Wired for Sound
• Appliances: DryerDishwasherElectric CooktopElectric OvenElectric Water HeaterDisposalIce MakerMicrowaveRefrigeratorVented Exhaust FanWasher
• Flooring: CarpetCeramic TileHardwood
• A/C: Central AirCeiling Fan(s)ElectricZoned
• Heating: CentralElectricFireplace(s)
• Fireplace: Family RoomMasonryFireplaceFireplaces: 1

Exterior

• General: LightingRain Gutters
• Style: Detached
• Pool: None
• Parking: Additional ParkingConcreteDoor-MultiDirect AccessDrivewayGarageGarage Door OpenerInside EntranceKitchen LevelOversizedGarage Faces SideStorageWorkshop in Garage

Construction

• Roofing: Composition
• Windows: Bay Window(s)Window Coverings
• General: 1Slab

Location

• HOA Amenities: Association ManagementSecurity1380.0Annually
• Originating MLS: NTR
• School District: Princeton ISD
• County: Collin

Lot

• Zoning: PRINCETON LAKES (CPN)BLK ALOT 1R440200A00101
• Fencing: PartialWrought Iron

Utilities

• Utilities: Electricity AvailableElectricity ConnectedSewer AvailableSeptic AvailableSeparate MetersWater AvailableCable Available
• Water: Public
• Sewer: Private SewerSeptic Tank

Financial

• Source: NTR