1. Texas
  2. Tool
  3. 311 Oak Lane
$725,000

311 Oak Lane, Tool, TX 75143

  • 5 beds |
  • 5 baths |
  • 4,100 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1976
  • Property Lot Size Icon3.14acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $177/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Search address on YouTube for walk-through video. Short Term Rental bringing in almost $100,000 a year on Cedar Creek Lake! The largest property in the highly sought out Arnold Hills Subdivision is now for sale! 12 LOTS (52-63) on a little over 3 acres with access to Cedar Creek Lake with a voluntary HOA. You could easily build 2 other cash flowing STRs on this property. Large, FULLY remodeled is perfect for a family retreat or a vacation home - sleeping 15. Furnishings are negotiable to make investment turnkey. Beautiful engineered hardwoods, modern finishes, custom furniture, ample entertainment space, and an open floor plan are perfect for getting away. Amazing lake views from the back balconies, oversized 3 car garage workshop with electric, and a dock. The canal needs some dirt work to utilize the dock. Check out the transaction desk for a list of updates. Any investor wanting an almost 8 percent CAP rate and lake getaway, this is your best bet!

Listing Status:
Active
Listing Office:
EXP REALTY : 888-519-7431
Listing Agent:
Evan Downey : 214-997-4929
MLS ID:
20952405
  • General: Built-in FeaturesDecorative/Designer Lighting FixturesDouble VanityEat-in KitchenGranite CountersHigh Speed InternetKitchen IslandOpen FloorplanCable TVVaulted Ceiling(s)Wired for Sound
  • Appliances: DishwasherElectric RangeDisposalRefrigerator
  • Flooring: TileWood
  • A/C: Central AirCeiling Fan(s)Electric
  • Heating: CentralElectric
  • Fireplace: Fireplaces: 0

This listing courtesy of Evan Downey, EXP REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

Southside Elementary School

109 Paschall Blvd, Mabank, TX, 75147

Grades PK-4

4.67 miles away

M

Mabank Jr High School

822 W Mason St, Mabank, TX, 75147

Grades 7-9

5.96 miles away

M

Mabank High School

18786 E US Highway 175, Mabank, TX, 75147

Grades 9-12

6.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.