# 101 Island Way, Princeton, TX 75407 > **TL;DR:** 4bd/3ba single family, $685,000 ($250/sqft), built 2001, 2,735 sqft. > Fireplace, Waterfront, Hardwood, A/C. Est. $5,044/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $685,000 | | Price/sqft | $250 | | Bedrooms | 4 | | Bathrooms | 3 full | | Square Feet | 2,735 | | Year Built | 2001 | | Lot Size | 43,560 sqft (1.00 acres) | | Stories | 1 | | Garage | 3-car | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 0 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed - **Large Garage** - 3-car garage - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,464 | | Estimated Insurance | $200 | | HOA | $1,380 | | **Total** | **$5,044** | ## Nearby Schools - **Elementary:** Godwin - **Middle:** Clark - **High:** Princeton ## Key Amenities - Fireplace - Waterfront - Hardwood - A/C - 3-car garage ## Property Highlights - Built in 2001 - 1.00 acre lot - Fireplace - Waterfront ## Description ### Agent 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. ## Location - **Address:** 101 Island Way, Princeton, TX 75407 - **County:** Collin - **Neighborhood:** Princeton Lakes - **Coordinates:** 33.167453, -96.463761 - **Google Maps:** https://www.google.com/maps?q=33.167453,-96.463761 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21204056 ## Listing Agent - **Name:** Lisa Vargas - **Brokerage:** Keller Williams Central 75 - **Phone:** (469) 467-7755 - **Broker Phone:** (469) 467-7755 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/101-Island-Way_Princeton_TX_75407_M82580-42249?f=listhub&s=NTREIS&m=21204056&c=propsimple) ## Photos ![101 Island Way - Photo 1](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f3357513187r.jpg) ![101 Island Way - Photo 2](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f3042961283r.jpg) ![101 Island Way - Photo 3](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f361477142r.jpg) ![101 Island Way - Photo 4](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f272567127r.jpg) ![101 Island Way - Photo 5](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f1860575102r.jpg) ![101 Island Way - Photo 6](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f2474058049r.jpg) ![101 Island Way - Photo 7](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f1163201219r.jpg) ![101 Island Way - Photo 8](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f2606435838r.jpg) ![101 Island Way - Photo 9](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f1807342761r.jpg) ![101 Island Way - Photo 10](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f2465703805r.jpg) ![101 Island Way - Photo 11](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f4282551217r.jpg) ![101 Island Way - Photo 12](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f3463260349r.jpg) ![101 Island Way - Photo 13](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f2032170489r.jpg) ![101 Island Way - Photo 14](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f2466935395r.jpg) ![101 Island Way - Photo 15](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f743978692r.jpg) ![101 Island Way - Photo 16](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f1045494233r.jpg) ![101 Island Way - Photo 17](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f612613070r.jpg) ![101 Island Way - Photo 18](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f1870558388r.jpg) ![101 Island Way - Photo 19](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f3840638036r.jpg) ![101 Island Way - Photo 20](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f1581067410r.jpg) ![101 Island Way - Photo 21](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f1037170432r.jpg) ![101 Island Way - Photo 22](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f3964745507r.jpg) ![101 Island Way - Photo 23](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f685743677r.jpg) ![101 Island Way - Photo 24](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f662158016r.jpg) ![101 Island Way - Photo 25](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f3667743019r.jpg) ![101 Island Way - Photo 26](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f2306526692r.jpg) ![101 Island Way - Photo 27](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f9340564r.jpg) ![101 Island Way - Photo 28](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f434981324r.jpg) ![101 Island Way - Photo 29](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f1770383913r.jpg) ![101 Island Way - Photo 30](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f306401709r.jpg) ![101 Island Way - Photo 31](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f2949419237r.jpg) ![101 Island Way - Photo 32](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f314330188r.jpg) ![101 Island Way - Photo 33](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f2266943249r.jpg) ![101 Island Way - Photo 34](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f1926563709r.jpg) ![101 Island Way - Photo 35](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f4062067911r.jpg) ![101 Island Way - Photo 36](http://lh.rdcpix.com/990cc988b042595ebd79ffbde20fad4dl-f1195098053r.jpg) --- **MLS#:** 21204056 | **Updated:** 2026-10-02 **Source:** listhub *Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/101-island-way-princeton-tx-75407-21204056) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/101-island-way-princeton-tx-75407-21204056#listing", "url": "https://www.propertysimple.ai/listing/101-island-way-princeton-tx-75407-21204056", "name": "101 Island Way, Princeton, TX 75407", "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. 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