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1124 Paradise Cove

Streetman, TX 75859

5 beds
7 baths
5,028 sqft
~1 acre lot
$497 per sqft
2022 build
– on site

Welcome to the ultimate blend of contemporary luxury living and smart investing—this stunning lakefront estate isn’t just a dream home, it’s also a high-income producing *5-star* luxury short-term rental, with an impressive rental history. Even better? The sellers are ready to transfer the thriving rental business to the new owners, making this an incredible turnkey opportunity. From the moment you step through the front door, the craftsmanship and high-end finishes speak for themselves. The expansive main living room wows with soaring vaulted ceilings and a dramatic gas fireplace filled with sparkling glass rock—perfect for cozy nights in. The chef’s gourmet kitchen is a true showpiece, complete with a 6-burner gas range, custom cabinetry, and top-of-the-line appliances. With 5 bedrooms, each with ensuite access, 4 full baths, and 3 half baths, the home is designed for large groups. The primary suite is a sanctuary with floor to ceiling lake views and a luxurious ensuite bath with 2 custom designed closets (one doubles as a safe room). A spacious laundry room, 2 more utility areas, and a bonus exercise studio round out the amenities. Upstairs, guests will love the family room with its own balcony, dry bar, drink fridge, and ice maker—ideal for winding down the day. There's also game room with breathtaking lake views, making this home just as fun as it is relaxing.Step outside to paradise: a large covered patio with built-in grill, mosquito mister, and ceiling fans offers a seamless indoor-outdoor experience. Just beyond lies the infinity pool with a built-in fire pit feature and a jacuzzi spa—pure lakeside luxury. The boathouse comes equipped with a boat lift & jet ski lifts, ready for adventure at a moment’s notice. A 2-car garage stores your vehicles, while a separate garage is perfect for storing lake toys & lawn equipment. Whether you’re looking for a luxurious personal getaway, a high-end vacation rental, or the best of both worlds, this property has it all.

Listing courtesy of NTREIS / RE/MAX LakeSide Dreams

Last checked: Checking… • Last updated Apr 18, 2025 •

MLS# 20868343 —

The Building

Year Built:

2022
Architectural Style:

Contemporary/Modern
Structural Style:

Lake House
Window Features:

Electric Shades, Window Coverings
Patio And Porch Features:

Awning(s), Covered, Deck, Front Porch, Rear Porch
Security Features:

Gated Community, Security System
Accessibility Features:

No
Roof:

Shingle
Basement:

No
Foundation Details:

Slab
Levels:

Two
Construction Materials:

Rock/Stone, Stucco

Interior

Interior Features:

Built-in Features, Built-in Wine Cooler, Chandelier, Decorative Lighting, Double Vanity, Dry Bar, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Kitchen Island, Loft, Multiple Staircases, Natural Woodwork, Open Floorplan, Pantry, Smart Home System, Sound System Wiring, Vaulted Ceiling(s), Walk-In Closet(s)
Flooring:

Carpet, Ceramic Tile, Wood
Fireplaces Total:

1
Fireplace Features:

Decorative, Gas, Gas Logs, Great Room, Propane
Laundry Features:

Electric Dryer Hookup, Utility Room, Full Size W/D Area, Washer Hookup
# of Dining Areas:

1
# of Living Areas:

3

Room Dimensions

Living Area:

5028.00

Location

Directions:

FM 416 to Admiral Shores Subdivision

The Property

Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

No
Parcel Number:

113459
Lot Features:

Acreage, Cleared, Irregular Lot, Landscaped, Level, Subdivision, Water/Lake View, Waterfront
Lot Size:

1 to < 3 Acres
Lot Size SqFt:

45912.2400
Lot Size Acres:

1.0540
Lot Size Area:

1.0540
Lot Size Units:

Acres
Lot Size Source:

Public Records
Easements:

Utilities
Restrictions:

Building, Deed, Easement(s), No Livestock, No Mobile Home
Fencing:

Back Yard, Fenced, Gate, Metal, None
Soil Type:

Unknown
Vegetation:

Cleared, Grassed
Horse Permitted:

No
Exterior Features:

Attached Grill, Balcony, Boat Slip, Built-in Barbecue, Covered Patio/Porch, Dock, Fire Pit, Gas Grill, Rain Gutters, Lighting, Mosquito Mist System, Outdoor Grill, Outdoor Kitchen, Private Yard
Other Structures:

Boat House
Waterfront:

Yes
Water Body Name:

Richland-Chambers
Waterfront Features:

Dock – Covered, Lake Front, Lake Front – Main Body, Personal Watercraft Lift, Retaining Wall – Steel
Dock Permitted:

Yes
Platted Waterfront Boundary:

260
Lake Pump:

Yes
Will Subdivide:

No

Listing Agent

Contact info:

Taxes

Tax Lot:

57
Tax Legal Description:

A0500.03 ADMIRAL SHORES ON RICHLAND CHAMBERS

Beds

Bedrooms Total:

5

Baths

Total Baths:

4.30
Total Baths:

7
Full Baths:

4
Half Baths:

3

The Listing

Virtual Tour URL Branded:

my.matterport.com/show/?m=B6SuNYm1FkZ

Heating & Cooling

Heating:

Central, Electric
Cooling:

Ceiling Fan(s), Central Air, Electric

Utilities

Utilities:

All Weather Road, Asphalt, Co-op Electric, Co-op Water, Community Mailbox, Electricity Available, Electricity Connected, Outside City Limits, Private Road, Septic, Sewer Not Available, Underground Utilities, No City Services, No Sewer

Appliances

Appliances:

Built-in Coffee Maker, Built-in Gas Range, Built-in Refrigerator, Commercial Grade Range, Commercial Grade Vent, Dishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Ice Maker, Microwave, Double Oven, Plumbed For Gas in Kitchen, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Washer, Water Filter, Water Purifier, Water Softener

Schools

School District:

Fairfield ISD
Elementary School:

Fairfield
Elementary School Name:

Fairfield
Jr High School Name:

Fairfield
High School Name:

Fairfield

The Community

Subdivision Name:

Admiral Shores
Senior Community:

No
Community Features:

Fishing, Gated, Lake, Park
Pool:

Yes
Pool Features:

Gunite, In Ground, Infinity, Outdoor Pool, Pool Sweep, Separate Spa/Hot Tub, Water Feature, Waterfall
Association Type:

Mandatory
Association Fee:

1200
Association Fee Includes:

Full Use of Facilities, Maintenance Grounds
Association Fee Frequency:

Annually

Parking

Garage:

Yes
Attached Garage:

Yes
Garage Spaces:

3
Garage Length:

24
Garage Width:

24
Covered Spaces:

3
Parking Features:

Concrete, Driveway, Garage Door Opener, Garage Double Door, Garage Faces Rear, Garage Faces Side, Garage Single Door, Golf Cart Garage, Inside Entrance, Kitchen Level, Lighted, Off Street, On Site, Oversized

Monthly cost estimate

Asking price

$2,500,000

Expense	Monthly cost
Mortgage	$13,386
Taxes	N/A
Insurance	$687
HOA fees	$100
Utilities	$190 See report
Total	$14,363/mo.^*
	^*This is an estimate

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This house located in TX 75859 is currently for sale for $2,500,000. 1124 Paradise Cove is a 5,028 square foot house with 5 beds and 7 baths that has been on Estately for 2 days. This house is in the attendance area of Fairfield Junior High School, Fairfield High School, and Fairfield Elementary School.

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