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Treasure Island on Lake McQueeeney is probably the most well know and oldest subdivisions on the lake. It truly is an island which really appeals to buyers looking for that "lake feel". Lot sizes are typically around 1/4 acre with some larger and some smaller. The backside of the island is the shallower side. The lily pads are located along this side. The benefits of lily pads are the boat traffic stays further away, less erosion on the retaining wall since the lily pads break up the waves, and finally calmer water. The front side of the island has deeper water and views of the widest part of any of the river style lakes. These do not hit the market very often. When they do, they pull a premium and some of them don't hit the MLS. Contact Us about getting on our non-MLS/pre-MLS list. Homes For Sale on Treasure Island start in the upper $200's and easily go over a million for the lakefront real estate. If you like Treasure Island Real Estate then you are sure to like Las Brisas or Long Creek-the Bandit. If you are considering Dunlap, then Southbank or River Tree.