555 Lakeshore Dr., Palestine, TX 75801

Property Description

Looking for a luxury home on acreage with a pool, guest space, and room for all your hobbies? This exceptional custom-built property in Palestine offers a rare combination of privacy, comfort, entertaining space, and everyday functionality—all on 1.42 beautifully landscaped acres shaded by mature trees. The 3,500-square-foot main home features 5 bedrooms and 4 bathrooms with a flexible floor plan that works beautifully for families, entertaining, or multi-generational living. Inside, you'll find a formal dining room, dedicated home office, oversized bonus room, and two private en suite bedrooms that are perfect for guests, older children, extended family, or anyone who wants their own private space. The chef's kitchen is designed for people who love to cook and entertain, featuring a Wolf gas range, abundant cabinetry, and generous counter space. The open, functional layout makes it easy to stay connected with family and guests while preparing everything from weeknight meals to large holiday gatherings. Then step outside and discover what makes this property truly special. The heated saltwater swimming pool with a waterfall feature creates a private backyard getaway that's perfect for relaxing, entertaining, and enjoying East Texas summers. The 873-square-foot pool house takes outdoor entertaining to another level. It includes surround sound, a gourmet-style kitchen, brick pizza oven, restaurant-grade gas and charcoal grills, industrial vent hood, and a screened patio where you can enjoy the outdoors while staying comfortable. Whether you're hosting a big game-day gathering, family celebration, or casual backyard dinner, this space is ready for it. Need room for vehicles, equipment, hobbies, or a home-based business? You've got it! The attached 988-square-foot 3-car garage provides plenty of everyday parking and storage, while the separate heated 2-car garage/shop offers even more flexibility. The shop has its own private Hamilton Road entrance, along with an office, bathroom, and loft storage. It's an ideal setup for a workshop, collector vehicles, recreational equipment, or a business that needs dedicated space. You'll also find a greenhouse for gardening enthusiasts and a whole-house generator for added convenience and peace of mind. With mature trees, landscaped grounds, multiple living and entertaining spaces, a resort-style pool, guest suites, extensive garage and workshop space, and plenty of room to enjoy the outdoors, this is much more than a traditional home. It's a property designed for living, entertaining, working, relaxing, and making memories. If you've been searching for a one-of-a-kind luxury home with acreage, a pool, guest accommodations, and exceptional outdoor living space, this property deserves to be on your list. **2026 Appraisal on file.