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Rare opportunity to own a property in a peaceful Lake Lavon setting with room to create your own vision. This 2-bedroom, 2-bathroom home offers approximately 1,256 square feet and sits at the end of a quiet dead-end street on four lots. Lot 72A is also included in the sale as a separate parcel and, when combined with the other lots, brings the total property size to approximately 0.5 acres. Located on the edge of Lake Lavon, the property backs up to Corps of Engineers land, providing a private and scenic backdrop. The expansive backyard offers plenty of space to enjoy the outdoors, while the large back porch overlooks the yard and lake, creating an ideal spot for entertaining, relaxing, or enjoying the peaceful surroundings. One of the property's standout features is the second-story deck, where you can take in beautiful views of the lake, enjoy a morning sunrise, or watch the moon rise over the water in the evening. Whether you're looking for a full-time residence, a weekend getaway, or an investment property, the setting offers a unique opportunity to create a true lake retreat. The home is in need of updates and would be an excellent candidate for a flip or renovation project. With the right improvements, the property could also offer great potential for long-term rental use, making it an attractive option for investors seeking a property with recreational appeal. Bring your vision and transform this property into a beautiful Lake Lavon retreat. With its lake setting, Corps of Engineers land behind the property, oversized lot configuration, peaceful dead-end street, and expansive backyard, this property offers a rare combination of location and potential in Princeton. SELLER HAS A CURRENT APPRAISAL THAT SET VALUE AT $255K. APPRAISAL REPORT AVAILABLE UPON REQUEST.