RARE acreage on Lake Palestine. REDUCED PRICE!  This beautiful lakefront piece of property is in a deed restricted community. Own the front 8 acres, lease 8 acres from the Upper Neches Water Authority (for less than $80 per year), giving you a total of 16 acres! Enjoy over 500 feet of shoreline on Lake Palestine in a secluded cove. With great paved road frontage, it is 1.2 miles off the 155 Hwy S. This piece of property used to be part of a pine tree plantation and for tax purposes is Agricultural Exempt.  The Henderson county taxes on the land are $5.08.  That's right - under six dollars a year! An area for a house is cleared and ready to start building. Electric is onsite, city water and high-speed internet available. Enjoy wildlife, hard and soft woods and all the amenities of living on one of the largest lakes in East Texas! Lake Palestine is located approximately 15 miles south of Tyler and has 135 miles of shoreline and is a 26,000 acre lake. Act now to secure one of the last pristine lakefront acreage tracts in East Texas! Owner will consider dividing into two equal 4 acre tracts. A portion of the mortgage is a no-qualifying loan at 10% interest.  There is 6 1/2 years left on that note.

www.owners.com/WTM8515