$675,000

Single Family Residence In Malakoff

  • 2 Beds
  • 2 Baths
  • 1,838 Sqft
  • 17,860 Sqft lot
  • Updated: May 8
  • Source:
    North Texas Real Estate Information Systems (NTREIS)  MLS#21247715

About the Property

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
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.
  • Property type

    House

  • Year built

    1987

  • Price/sqft

    $367

Features

  • Waterfront
  • Lakefront
  • Garage
  • Garden
  • Fire Pit
  • Elevator
  • Office
  • Parking

Explore the Area

203 N Oak Acres Drive N, Malakoff, Texas, United States View on Google Maps
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Ebby Halliday Realtors - Gun Barrel City

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Ebby Halliday Realtors - Gun Barrel City
Texas, United States
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35
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2025
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Ebby Halliday Realtors - Gun Barrel City
Gun Barrel City, Texas, United States
View agency profile
Last updated
May 8
First listed
May 1
Listing reference
21247715
Listing status
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