520 Deer Trail Exceptional waterfront estate on Palo Pinto Lake offering refined lake living, outstanding entertaining space, and proven short-term rental potential. The main home features open, light-filled living spaces, rich wood flooring, and stylish finishes, along with a separate private apartment for guests or added flexibility. Designed to accommodate up to 20 guests, the property is ideal for private enjoyment or continued income-producing use. Outdoor highlights include an expansive deck beneath mature oak trees with multiple seating areas, a covered lounge, a fire pit table, infrared heaters, outdoor TVs, and ambient lighting. Amenities include a 40x70 lighted pickleball and basketball court, a private dock, a private boat ramp, an 8-person hot tub, and a Sonos outdoor speaker system. Co-op water and a water well for irrigation. Offered as-is and substantially furnished for immediate enjoyment or investment use.