$800,000
5 Beds
4.5 Baths
4,100 SqFt
3.14 Acre Lot
136,734 Sqft Lot
Status Active
Property Type Single Family Residence
Price Type
Year Built 1976
Neighborhood Arnold Hills Sub
Days on Website 46

Property Map

$800,000 – 311 Oak Lane, Tool, TX 75143

Street View

Courtesy of EXP REALTY, Evan Downey.

Description

Search address on YouTube for walk-through video. Short Term Rental bringing in almost $100,000 a year on Cedar Creek Lake! This rare property on Cedar Creek Lake consists of 12 lots that comprise 3+ gorgeous acres of a beautiful lake community (only voluntary HOA) with lots of trees for added seclusion. 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!

Property Details and Features

Property Access

  • Road frontage type: AllWeatherRoad

Appliances & Equipment

  • Dishwasher
  • ElectricRange
  • Disposal
  • Refrigerator

Bathrooms

  • 1 half bathroom
  • 4 full bathrooms
  • 5 total bathrooms

Bedrooms

  • 5 total bedrooms

Building

  • Built in 1976
  • Architectural style: Detached
  • Levels: Two
  • 2
  • Structure type: House

Cooling

  • CentralAir
  • CeilingFans
  • Electric

Exterior Features

  • Balcony
  • Deck
  • Dock
  • FirePit
  • OutdoorGrill
  • Storage

Floors

  • Tile
  • Wood

Water Features

  • BoatDockSlip
  • CanalAccess
  • LakeFront
  • Waterfront

Heating

  • Central
  • Electric

Interior Features

  • BuiltInFeatures
  • DecorativeDesignerLightingFixtures
  • DoubleVanity
  • EatInKitchen
  • GraniteCounters
  • HighSpeedInternet
  • KitchenIsland
  • OpenFloorplan
  • CableTv
  • VaultedCeilings
  • WiredForSound

Listing

  • Listing ID: 20768073
  • Standard status: Active

Location

  • Country: US
  • Subdivision name: Arnold Hills Sub

Lot

  • 3.139 acres
  • 136,735 sqft
  • ManyTrees
  • Subdivision
  • Waterfront

Parking

  • 3 covered spaces
  • Garage
  • Boat
  • RvAccessParking

Pool

  • None

Possession

  • CloseOfEscrow

Property

  • Patio and porch features: Balcony,Covered,Deck
  • Water

Roof

  • Composition

Schools

  • Elementary school: Southside
  • High school: Mabank

Sewer

  • PublicSewer

Utilities

  • ElectricityConnected
  • SewerAvailable
  • CableAvailable

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Listing data last updated: December 24, 2024 20:41 Eastern