203 N Oak Acres Drive N, Malakoff, TX 75148
Local realty services provided by:Better Homes and Gardens Real Estate Lindsey Realty
Listed by: debbie french
Office: ebby halliday realtors
MLS#:21247715
Source:GDAR
Price summary
- Price:$675,000
- Price per sq. ft.:$367.25
- Monthly HOA dues:$8.33
About this home
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....
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Home facts
- Year built:1987
- Listing ID #:21247715
- Added:57 day(s) ago
- Updated:June 27, 2026 at 12:28 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Luxury Vinyl Plank, Tile
- Kitchen Description:Convection Oven, Dishwasher, Disposal, Electric Cooktop
- Living area:1,838 sq. ft.
Heating and cooling
- Cooling:Central Air, Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Composition, Metal
- Year built:1987
- Building area:1,838 sq. ft.
- Lot area:0.41 Acres
- Lot Features:Landscaped, Many Trees, Retaining Wall, Sprinkler System, Waterfront
- Architectural Style:Ranch, Traditional
- Construction Materials:Brick, Frame, Stone Veneer, Vinyl Siding
- Foundation Description:Pillar Post Pier
- Levels:1 Story
Schools
- High school:Eustace
- Middle school:Eustace
- Elementary school:Eustace
Finances and disclosures
- Price:$675,000
- Price per sq. ft.:$367.25
- Tax amount:$8,589
Features and amenities
- Appliances:Convection Oven, Dishwasher, Disposal, Dryer, Electric Cooktop, Washer
- Laundry features:Dryer, Washer
Parking
- Garage:Yes
- Garage spaces:2
- Carport spaces:2
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