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203 N Oak Acres Dr
Malakoff, Tx 75148

Price: $675,000
Property Type: residential
MLS #: 21247715
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.
Area: Henderson
Lake: Cedar Creek
Year Built: 1987
Bedrooms: Two
Bathrooms: Two
Garage: 2
Acres: 0.41
Virtual Tour: Click here to view
Exterior Features : Boat Slip
Exterior Features : Covered Deck
Exterior Features : Dock
Exterior Features : Fire Pit
Fireplace Features : Gas Logs
Flooring : Luxury Vinyl Plank
Flooring : Tile
Foundation Details : Pillar/Post/Pier
Heating : Central
Heating : Electric
Interior Features : Eat-in Kitchen
Interior Features : Granite Counters
Interior Features : Open Floorplan
Structural Style : Lake House
Structural Style : Resort Property
Structural Style : Single Detached
Structural Style : Vacation Home
Utilities : Co-op Water
Utilities : Septic

Courtesy: Debbie French • Ebby Halliday Realtors •

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This content last refreshed on 06/11/2026 11:45 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.