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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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131 Lakeway Ln , Gun Barrel City, TX 75156
$788,000
Est. Payment: $4,056.97/mo
6 Bed
5 Bath
4300 Sqft
Status: active | Days on site: 33
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

**Luxury Lake Estate: Multiple Homes & Income Opportunities!** Rare opportunity to own an exceptional gated estate in the Eastwood Islands community on Cedar Creek Lake. With a combined total of 4300 sq ft of living space, this unique property includes a custom-built main home (2024) 3B and 2.5B, a guest cottage 2B & 1.5B, an efficiency home with a workshop, on 2 lots —ideal for multi generational living, guests, rental income, or a private family compound. The main home features vaulted ceilings, hand-scraped hardwood and tile floors, and an open-concept layout. The spacious family room offers a floor-to-ceiling stone fireplace, partial lake views, and abundant natural light. The chef's kitchen includes a large island, walk-in pantry, stainless steel appliances, and ample workspace. The private primary suite features tray ceilings and a spa-like bath with a walk-in shower, claw foot soaking tub, dual vanities, and walk-in closet. The split-bedroom floor plan includes two bedrooms connected by a Jack-and-Jill bath. A dedicated office with Cat 6 wiring, double doors, and backyard access is ideal for working from home. The over sized laundry room is conveniently located off the attached three-car garage. Enjoy the wraparound porch and mature pecan and pear trees. Included is a 1,084-square-foot guest cottage with a full Kitchen and living areas, a screened porch, fireplace —perfect for guests or short- or long-term rental income or parent home. A third residence offers approximately 800 square feet of efficiency-style living space with its own yard, workshop, and peek-a-boo lake views, providing additional flexibility or rental potential. Eastwood Islands residents enjoy a private boat ramp, fishing dock, parks, and Cedar Creek Lake access, all just minutes from shopping, dining, and entertainment. This one-of-a-kind property offers luxury, flexibility, and exceptional investment potential. See Eastwood Island POA website for community rental policies.

Highlights

Listed by Val McGilvra , and Renee Paull , Cedar Creek Lake Real Estate , North Texas Real Estate Information Systems

Property Type

Residential

Lot/Acreage
1.02

HOA Fee

125 Annually

Year Built

2024

County

Henderson

Neighborhood

Eastwood Islands

School District

Mabank ISD

Listing ID

21337766

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:5
  • Full Bathrooms:4
  • 1/2 Bathrooms:2
Appliances:Dishwasher, Disposal, Dryer, Electric Oven, Electric Water Heater, Microwave, Refrigerator
Air Cond:Central Air
Fireplaces:Raised Hearth,Stone
Floor:Carpet,Hardwood,Tile
Other:
  • Additional:Built-in Features, Double Vanity, Flat Screen Wiring, High Speed Internet Available, Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Data, Master on Main

Exterior Features

Lot:Lrg. Backyard Grass,Subdivision,Water/Lake View,1 to < 3 Acres
Roof:Shingle
Others:
  • Additional:Covered Patio/Porch
Parking Features:Additional Parking,Carport,Concrete,Covered,Detached Carport,Driveway,Garage Door Opener,Gated,Golf Cart Garage,Shared Driveway
Principal Interest
$4,057
Taxes
$502
HOA
$125

Home Price

$788,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$157,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,056.97

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $4,056.97 $502.35 $125.00 $4,684.32
Yearly $48,683.59 $6,028.20 $1,500.00 $56,211.79
Total $1,460,507.84 $180,846.00 $45,000.00 $1,686,353.84

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Gun Barrel City, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T21:21:41.390Z

© 2026 North Texas Real Estate Information Systems