203 N Oak Acres Drive N, Malakoff, TX

$675,000

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2

Beds

2

Baths

1,838

Square feet

0.41

Acres

About 203 N Oak Acres Drive N

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.

Features of 203 N Oak Acres Drive N

MLS® # 21247715
Price $675,000
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 1,838
Acres 0.41
Year Built 1987
Type Residential
Sub-Type Single Family Residence
Style Ranch, Traditional
Status Active

Community Information

Address 203 N Oak Acres Drive N
Subdivision Oaks Acres
City Malakoff
County Henderson
State TX
Zip Code 75148-3165

Amenities

Utilities Co-op Water, Septic
# of Garages 2
Garages Carport, Concrete, Driveway, Garage, 2-Car Single Doors
Is Waterfront Yes
Waterfront Dock – Covered, Lake Front, Personal Watercraft Lift, Retaining Wall – Steel
Has Pool No

Interior

Interior Features Eat-in Kitchen, Granite Counters, Open Floorplan
Heating Central, Electric
Fireplace Yes
# of Fireplaces 1
Fireplaces Gas Logs

Exterior

Exterior Features Boat Slip, Covered Deck, Dock, Fire Pit
Lot Description Landscaped, Many Trees, Sprinkler System, Water/Lake View, Waterfront
Roof Composition, Metal
Construction Brick, Frame, Stone Veneer, Vinyl Siding
Foundation Pillar/Post/Pier

School Information

District Eustace ISD
Middle Eustace
High Eustace

Listing Details

AgentDebbie French
OfficeEbby Halliday Realtors
Contact Info903-340-8590
Office Contact903-340-8590

Listing Map

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