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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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203 N Oak Acres Dr N , Malakoff, TX 75148
$675,000
Est. Payment: $3,475.19/mo
2 Bed
2 Bath
1838 Sqft
Status: active | Days on site: 117
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

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.

Highlights

Listed by Debbie French , Ebby Halliday Realtors , North Texas Real Estate Information Systems

Property Type

Residential

Lot/Acreage
0.41

HOA Fee

100 Annually

Year Built

1987

County

Henderson

Neighborhood

Oaks Acres

School District

Eustace ISD

Listing ID

21247715

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Dishwasher, Disposal, Dryer, Electric Cooktop, Convection Oven, Washer
Air Cond:Central Air,Electric
Fireplaces:Gas Logs
Floor:Luxury Vinyl Plank,Tile
Other:
  • Additional:Eat-in Kitchen, Granite Counters, Open Floorplan, ADU, Master on Main

Exterior Features

Lot:Landscaped,Many Trees,Sprinkler System,Water/Lake View,Waterfront,Less Than .5 Acre (not Zero),Dock – Covered,Lake Front,Personal Watercraft Lift,Retaining Wall – Steel
Roof:Composition,Metal
Others:
  • Additional:Boat Slip, Covered Deck, Dock, Fire Pit, Preowned
Parking Features:Carport,Concrete,Driveway,Garage,Garage Single Door
Principal Interest
$3,475
Taxes
$716
HOA
$100

Home Price

$675,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$135,000
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:
$3,475.19

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $3,475.19 $715.75 $100.00 $4,290.94
Yearly $41,702.32 $8,589.00 $1,200.00 $51,491.32
Total $1,251,069.53 $257,670.00 $36,000.00 $1,544,739.53

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 (Malakoff, 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: 2026-08-25T01:22:49.237Z

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