203 N Oak Acres Drive N
Malakoff, TX 75148
$675,000
1,838 sqft
2 beds
2 baths
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.
Exterior Features
- Ranch
- Traditional
- Detached
- Concrete
- Carport
- DoorSingle
- Driveway
- Garage
- Landscaped
- ManyTrees
- SprinklerSystem
- Waterfront
- RetainingWall
- Composition
- Metal
- BoatSlip
- Deck
- Dock
- FirePit
- Brick
- Frame
- StoneVeneer
- VinylSiding
- None
- PillarPostPier
- BackYard
- ChainLink
- Fenced
- Full
- FrontYard
- Gate
Location
Schools
| School Name | Grades | Admission |
|---|---|---|
| Eustace Primary School | PK - 2 | Regular |
| Eustace Intermediate School | 3 - 5 | Regular |
| Eustace Middle School | 6 - 8 | Regular |
| Eustace High School | 9 - 12 | Regular |
| 4 Schools | ||
*All school information should be verified by local Independent School District.
* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.
The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.