Waterfront
Address
203 N Oak Acres Drive N, Malakoff, TX
Price
$ 675,000
Property Attributes
- MLS#21247715
- TypeSingle Family
- Listing Status Active
- CountyHENDERSON
- CityMalakoff
- NeighborhoodOaks Acres
- Zip75148
- StyleRanch,Traditional
- Year Built1987
- Taxes$ 8589
- Price$ 675,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1838
- Lot Size0.41 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
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.
| Elementary School |
|---|
| Eustace Elementary School |
| Price History | |
|---|---|
| 4/30/2026 | Listed $675,000 |
General Features
| Heating | Central,Electric |
|---|---|
| Cooling | Central Air,Electric |
| Utilities | Co-op Water,Septic |
| Possession | Negotiable |
| Roof | Composition,Metal |
| Appliances | Dishwasher,Disposal,Dryer,Electric Cooktop,Convection Oven,Washer |
| Assoc Fees | 100 |
| Number of Garage Spaces | 2 |
| School District | Eustace ISD |
| HOA Fee Includes | Full Use of Facilities,Management Fees |
| Year Built | 1987 |
| Architectural Style | Ranch,Traditional |
| Levels | One |
| Unexempt Taxes | 8589 |
| Will Subdivide | No |
| Property Subtype | Single Family Residence |
| Subdivision Name | Oaks Acres |
| Transaction Type | For Sale |
| Carport Spaces | 2 |
| County | Henderson |
| Property Type | Residential |
| Construction Materials | Brick,Frame,Stone Veneer,Vinyl Siding |
| Association Fee Frequency | Annually |
| Year Built Details | Preowned |
| HOA Type | Mandatory |
| Special Notes | Aerial Photo,Deed Restrictions |
| Full Baths | 2 |
| Status | Active |
| Directions | Use GPS |
| City | Malakoff |
| High School | Eustace |
| Elementary School | Eustace |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/21247715 |
| Standard Status | Active |
| Listing Terms | 1031 Exchange,Cash,Conventional |
Interior Features
| Interior Features | Eat-in Kitchen,Granite Counters,Open Floorplan |
|---|---|
| Flooring | Luxury Vinyl Plank,Tile |
| Fireplace Features | Gas Logs |
| Fireplaces Total | 1 |
| Dining Areas | 1 |
| Living Areas | 1 |
| Room Count | 2 |
| Lock Box Type | Combo |
| Total Bedrooms | 2 |
| Total Baths | 2 |
| Laundry Features | Stacked W/D Area |
Exterior Features
| Waterfront | Yes |
|---|---|
| Exterior Features | Boat Slip,Covered Deck,Dock,Fire Pit |
| Lot Features | Landscaped,Many Trees,Sprinkler System,Water/Lake View,Waterfront |
| Fencing | Back Yard,Chain Link,Fenced,Front Yard,Full,Gate |
| Soil Type | Unknown |
| Parking Features | Carport,Concrete,Driveway,Garage,Garage Single Door |
| WaterFront Features | Dock – Covered,Lake Front,Personal Watercraft Lift,Retaining Wall – Steel |
| Lot Size | Less Than .5 Acre (not Zero) |
| Covered Spaces | 4 |
| Foundation | Pillar/Post/Pier |
| Lot Size Area | 0.4100 |
| Lot Size Units | Acres |
| Structural Style | Lake House,Resort Property,Single Detached,Vacation Home |
| Garage Y/N | Yes |
| Lot Size Square Feet | 17859.6000 |
| Lot Size Acres | 0.4100 |
| Patio And Porch Features | Covered,Deck,Rear Porch,Wrap Around |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 75148
Price
Taxes
Year Built
Visits
© 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor M&D Real Estate - Royse City shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas
