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.
Listed By
Agency Name: Ebby Halliday Realtors
Agency Contact: 903-340-8590
Agent Name: Debbie French
Shown By
Agent Name: Karen Schaeper
Agent Phone: (254) 723-0902
Agency Title: Kelly, Realtors
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
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 karenschaeper.kellyrealtors.com today.