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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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170 Armada Loop , Payne Springs, TX 75156
$699,950
Est. Payment: $3,603.65/mo
3 Bed
2 Bath
1250 Sqft
Status: active | Days on site: 94
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

TURN-KEY CEDAR CREEK LAKE INVESTMENT Rare opportunity to own a fully operational, income-producing waterfront retreat just one hour southeast of Dallas. This established Airbnb has three years of rental history, a 4.74-star guest rating, and Superhost status that transfers to the new owner. Step in and start earning from day one. Set on a huge, flat double lot in the desirable Del Mar subdivision, the property offers two separate dwellings: a 2-bedroom, 1-bath main home with fully equipped kitchen and cozy lake-view living area, plus a detached guest house studio with full bath and kitchenette, perfect for hosting extended family, accommodating larger guest groups, or capturing premium rental rates with private accommodations for up to 12. WATERFRONT FEATURES that set this property apart: private boat dock with lift for effortless launching, a community boat ramp located right next door for unmatched water access, expansive deck with stunning Cedar Creek Lake views, and a tucked-away cove location that delivers the peace and tranquility today's lake buyers are searching for. The double lot provides rare flexibility with room for outdoor entertaining, future expansion, RV or boat storage, or simply unobstructed space to enjoy lake living. Del Mar residents enjoy POA access to a community park, pavilion, and private boat ramp with fishing pier. FURNISHINGS AND BOAT WITH TRAILER NEGOTIABLE! The seller is open to packaging the home as a true lake life turnkey opportunity, including high-end touches already in place (Moccamaster coffee maker, 600 thread count linens, feather duvets, record player, Bluetooth speakers, fully stocked kitchens, family-friendly amenities). Bring your suitcase, take over the booking calendar, and start enjoying immediate cash flow. Cedar Creek is Texas's fourth-largest lake with 320 miles of shoreline, world-class bass and catfish fishing, and easy access via US-175. Showings require advance notice to work around active bookings.

Highlights

Listed by Bobby Moats , LPT Realty LLC , North Texas Real Estate Information Systems

Property Type

Residential

Lot/Acreage
0.45

HOA Fee

250 Annually

Year Built

1988

County

Henderson

Neighborhood

Del Mar Sub

School District

Mabank ISD

Listing ID

21278477

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Dishwasher, Disposal, Electric Range, Electric Water Heater
Air Cond:Central Air
Fireplaces:Living Room,Wood Burning Stove
Floor:Tile
Other:
  • Additional:Decorative Lighting, Double Vanity, High Speed Internet Available, Kitchen Island, Natural Woodwork, Open Floorplan, Vaulted Ceiling(s), Master on Main

Exterior Features

Lot:Landscaped,Lrg. Backyard Grass,Water/Lake View,Waterfront,Less Than .5 Acre (not Zero),Dock – Covered,Lake Front,Retaining Wall – Other,Retaining Wall – Steel
Roof:Shingle
Others:
  • Additional:Boat Slip, Dock, Rain Gutters, Preowned
Parking Features:Additional Parking,Boat,Concrete,Garage,Gravel
Principal Interest
$3,604
Taxes
$629
HOA
$250

Home Price

$699,950

Loan Details

30 yrs
6.674%

Down Payment

20%
$139,990
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:
$3,603.65

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $3,603.65 $629.42 $250.00 $4,483.06
Yearly $43,243.76 $7,553.00 $3,000.00 $53,796.76
Total $1,297,312.77 $226,590.00 $90,000.00 $1,613,902.77

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 (Payne Springs, 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: 2026-08-24T19:21:47.893Z

© 2026 North Texas Real Estate Information Systems