Build your dream lake home on this exceptional 2.64-acre waterfront lot in Mallards Cove at Lake Palestine, just outside the gated entrance while still part of the subdivision. Conveniently located only 1.5 hours from Dallas and about 3 hours from Austin and Houston, this property offers the perfect blend of privacy and accessibility. Water and sewer are provided by the Emerald Bay Country Club Municipal Utility District, eliminating the need for a septic system. Enjoy peaceful, tree-shaded lake views and the relaxing sounds of the nearby fountain, with bulkheaded shoreline already in place. Included is an impressive two-slip boathouse featuring a temperature-controlled living area, bathroom, and 7-9 feet of water depth at full pool thanks to channel dredging. The neighborhood boat ramp provides easy access for boating, fishing, and jet skiing. Just minutes from Eagles Bluff Golf & Country Club, shopping, medical facilities, South Tyler, and located in the desirable Bullard ISD.