311 Oak Lane, Tool

$750,000

5 Beds
4.1 Baths
4,100 Sqft
3.14 Acres
0 Garages

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!

Essential Information
MLS® #20768073
Price$750,000
Bedrooms5
Bathrooms4.10
Full Baths4
Half Baths1
Square Footage4,100
Acres3.14
Year Built1976
TypeResidential
Sub-TypeSingle Family Residence
StatusActive
Community Information
Address311 Oak Lane
SubdivisionArnold Hills Sub
CityTool
CountyHenderson
StateTX
Zip Code75143
Amenities
GaragesGarage
Is WaterfrontYes
Utilities

All Weather Road, City Sewer, Electricity Connected

Waterfront

Canal (Man Made), Dock – Uncovered, Lake Front

Interior
HeatingCentral, Electric
Interior Features

Built-in Features, Cable TV Available, Decorative Lighting, Double Vanity, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan, Vaulted Ceiling(s)

Exterior
RoofComposition
ConstructionSiding
FoundationSlab
Exterior Features

Balcony, Covered Porch(es), Covered Deck, Dock, Fire Pit, Outdoor Grill, RV/Boat Parking, Storage

Lot Description

Subdivision, Water/Lake View, Many Trees, Waterfront

School Information
DistrictMabank ISD
ElementarySouthside
HighMabank
Listing Details
AgentEvan Downey
OfficeEXP REALTY
Property History
Price Reduced from $800,000 to $750,000

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Listing information last updated on January 19th, 2025 at 9:16am CST.

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