MLS# 20768073 – 311 Oak Lane, Tool, TX 75143

$800,000 - 5Br/5Ba - for Sale in Arnold Hills Sub, Tool

Price: $800,000

Beds: 5

Baths: 4 full, 1 half

Living Area SqFt: 4,100

Status: Active

Property Type: Single Family Residence

Lot Size Acres: 3.14

Lot Size SqFt: 136,734

Year Built: 1976

Neighborhood: Arnold Hills Sub

Days on Website: 47

Courtesy of EXP REALTY, Evan Downey.

Property 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!