203 N Oak Acres Drive N Malakoff, TX $ 675,000
203 N Oak Acres Drive N
$ 675,000
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203 N Oak Acres Drive N

Malakoff, TX, 75148
$ 675,000
Bedrooms2 Baths2.0 Sq 1,838

Monthly Estimate*

$ 4,156

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Single Family Home for sale in Malakoff, TX

for $675,000 with 2 bedrooms and 2 full baths. This 1,838 square foot home was built in 1987 on a lot size of 0.41.

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.

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Single Family Active

Price

$ 675,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 8,589

Style

Ranch,Traditional

Lot Size

0.41

Year Built

1987

Town/City

Malakoff

County/Region

Henderson

MLS | Web ID

21247715

Features
Interior
Interior Features Eat-in Kitchen Granite Counters Open Floorplan
Flooring Luxury Vinyl Plank Tile
Basement Y/N 0
Dining Areas 1
Living Areas 1
Half Baths 0
Total Bedrooms 2
Total Baths 2
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General
Heating Central Electric
Cooling Central Air Electric
Utilities Co-op Water Septic
Possession Negotiable
Roof Composition Metal
Appliances Dishwasher Disposal Dryer Electric Cooktop Convection Oven Washer
Assoc Fees 100
Number of Garage Spaces 2
School District Eustace ISD
HOA Fee Includes Full Use of Facilities Management Fees
Pool Y/N 0
Year Built 1987
Architectural Style Ranch Traditional
Levels One
Property Subtype Single Family Residence
Subdivision Name Oaks Acres
Transaction Type For Sale
County Henderson
Property Type Residential
Construction Materials Brick Frame Stone Veneer Vinyl Siding
Year Built Details Preowned
HOA Type Mandatory
Special Notes Aerial Photo Deed Restrictions
Full Baths 2
Status Active
Directions Use GPS
City Malakoff
High School Eustace
Elementary School Eustace
Standard Status Active
Listing Terms 1031 Exchange Cash Conventional
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Exterior
Waterfront 1
Exterior Features Boat Slip Covered Deck Dock Fire Pit
Lot Features Landscaped Many Trees Sprinkler System Water/Lake View Waterfront
Fencing Back Yard Chain Link Fenced Front Yard Full Gate
Soil Type Unknown
Parking Features Carport Concrete Driveway Garage Garage Single Door
WaterFront Features Dock – Covered Lake Front Personal Watercraft Lift Retaining Wall – Steel
Lot Size Less Than .5 Acre (not Zero)
Foundation Pillar/Post/Pier
Structural Style Lake House Resort Property Single Detached Vacation Home
Garage Y/N 1
Attached Garage Y/N 0
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Internal Only
Street Number 1 203
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* Excluded Features
List By
Debbie French

Listing Agent

Ebby Halliday Realtors

Broker

Affordability Calculator

$4,872
Per Month
85%
15%
0%
Monthly Principal & Interest
$4,156
Monthly Property Taxes
$716
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1003153 Elementary School
3676448 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/30/2026$675,000 Listed Price

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203 N Oak Acres Drive N, Malakoff, TX, 75148 is a Single Family Home for sale at $675,000 with 1,838 sqft and a lot size of 0.41. 203 N Oak Acres Drive N has 2 bedrooms, 2.0 baths, and was built in 1987. The property's zip code is 75148 which is in Malakoff, TX