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203 N Oak Acres Drive N, Malakoff, TX 75148

$675,000
  • 203 N Oak Acres Drive N, Malakoff, TX 75148 Main Photo

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Active
BEDS2 BATHS2 full SQUARE FEET1,838 MLS#21247715
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONOaks Acres SCHOOLEustace ISD

Property Description

Positioned on open water, this lakefront home delivers a rare combination of usable space, flexibility, and income potential that stands out in its category. While officially a 2-bedroom, it lives like a 3-bedroom with a bright enclosed sunroom that adds meaningful flexible square footage—ideal as a guest room, bunk space, second living area, or office (not reflected in tax records). Combined with two pull-out queen sleepers, the home comfortably accommodates up to 8 adults, making it highly functional for both personal use and hosting.Currently operating as a successful Airbnb, the property offers built-in income potential and can be sold fully furnished for a seamless turnkey transition. There is also a clear path to additional value, with the detached two-car garage already plumbed for a bath, offering the opportunity to convert it into a true third bedroom and additional bathroom, creating a separate bunkhouse or guest suite that would further enhance both livability and rental performance.Outdoor living is equally impressive, with a fully fenced yard and gated entry, expansive driveway with plenty of guest parking, and a two-car carport currently functioning as a covered sitting area ideal for grilling and gathering. A waterside stone fire pit, well-maintained boathouse with party deck seating, pontoon cradle, PWC lift, lake pump sprinkler system, and two additional storage sheds for lake toys and lawn equipment complete the outdoor amenities.Recent seller updates include approximately $50,000 in improvements, including flooring, paint, and hardware in 2022, plus a new HVAC system in 2024 with dual-zone heating and cooling and Nest thermostats. Move in, enjoy immediately, generate income, or enhance further—this is a lake property designed to deliver from day one.

203 N Oak Acres Drive N | MLS# 21247715

This single family home located at 203 N Oak Acres Drive N, Malakoff, TX 75148 is currently listed for sale with an asking price of $675,000. This property was built in 1987 and has 2 bedrooms and 2 full baths with 1838 sq. ft. N Oak Acres Drive N is located in the Oaks Acres subdivision within the Eustace ISD school district. Search Oaks Acres real estate on belindawalker.kellyrealtors.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air, Electric
Fireplaces: 1
Garage: 2
Heating: Central, Electric
Home Style: Ranch, Traditional
Lot Size: 0.41 Acres
Roof Type: Composition, Metal
Year Built: 1987

Amenities

Eat-in Kitchen
Granite Counters
Open Floorplan
Boat Slip
Covered Deck
Dock
Fire Pit

Feature Descriptions

Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Convection Oven, Washer
Body of Water: Cedar Creek
Days on Site: 9
Exterior: Brick, Frame, Stone Veneer, Vinyl Siding
Fencing: Back Yard, Chain Link, Fenced, Front Yard, Full, Gate
Fireplace: Gas Logs
Flooring: Luxury Vinyl Plank, Tile
HOA Fee: 100/ Annually
Laundry: Stacked W/D Area
Lot: Landscaped, Many Trees, Sprinkler System, Water/Lake View, Waterfront
Parcel#: 36500000028030
Parking: Carport, Concrete, Driveway, Garage, Garage Single Door
Parking Notes: Carport, Concrete, Driveway, Garage, Garage Single Doo
Patio/Porch: Covered, Deck, Rear Porch, Wrap Around
Utilities: Co-op Water, Septic
Water Features: Dock – Covered, Lake Front, Personal Watercraft Lift, Retaining Wall – Steel

Local Schools

Elementary School: Eustace
School District: Eustace ISD

Listed By / Shown By

Listed By

Agency Name: Ebby Halliday Realtors
Agency Contact: 903-340-8590
Agent Name: Debbie French

Shown By

Agent Name: Belinda Walker
Agent Phone:
Agency Title: Kelly, Realtors

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Estimated Payment

$ 1,699.13 per month $1,502.26 Principal & Interest $0.00 Property Tax (data not provided by mls) $196.88 Homeowner's Insurance

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