203 N Oak Acres Drive N
Malakoff, TX, 75148 $ 675,000
Bedrooms2 Baths2.0 Sq 1,838 Monthly Estimate*
$ 4,156
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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FeaturesInteriorInterior 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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GeneralHeating 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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ExteriorWaterfront 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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* Excluded FeaturesList ByDebbie FrenchListing Agent
Ebby Halliday RealtorsBroker
Affordability Calculator
- 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.
Learn more about how to save NearbySingle family listings in Malakoff, TX
Average List Price $1,384,006
Percent of Sale Price 105%
About Malakoff, TX 2,289 Population
7% Since 2002
$ 31,150 Median Income
39.28 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
1003153 Elementary School
3676448 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/30/2026 | $675,000 | | Listed Price |