131 Lakeway Lane
Gun Barrel City, TX 75156
$788,000
2,500 sqft
3 beds
2.5 baths
Description
**Luxury Lake Estate: Multiple Homes & Income Opportunities!** Rare opportunity to own an exceptional gated estate in the Eastwood Islands community on Cedar Creek Lake. This unique property includes a custom-built main home (2024), a guest cottage, an efficiency home with workshop, and multiple lots—ideal for multi generational living, guests, rental income, or a private family compound. The main home features vaulted ceilings, hand-scraped hardwood and tile floors, and an open-concept layout. The spacious family room offers a floor-to-ceiling stone fireplace, partial lake views, and abundant natural light. The chef's kitchen includes a large island, walk-in pantry, stainless steel appliances, and ample workspace. The private primary suite features tray ceilings and a spa-like bath with a walk-in shower, claw foot soaking tub, dual vanities, and walk-in closet. The split-bedroom floor plan includes two bedrooms connected by a Jack-and-Jill bath. A dedicated office with Cat 5 wiring, double doors, and backyard access is ideal for working from home. The over sized laundry room is conveniently located off the attached three-car garage. Enjoy the wraparound porch and mature pecan and pear trees. Included is a 1,084-square-foot guest cottage with two bedrooms, 1.5 bath, a screened porch, fireplace, and open-concept kitchen and living area—perfect for guests or short- or long-term rental income. A third residence offers approximately 800 square feet of efficiency-style living space with its own yard, workshop, and peek-a-boo lake views, providing additional flexibility or rental potential. Eastwood Islands residents enjoy a private boat ramp, fishing dock, parks, and Cedar Creek Lake access, all just minutes from shopping, dining, and entertainment. This one-of-a-kind property offers luxury, flexibility, privacy, and exceptional investment potential.
Exterior Features
- Traditional
- Detached
- AdditionalParking
- Concrete
- Covered
- Carport
- DetachedCarport
- Driveway
- Garage
- GolfCartGarage
- GarageDoorOpener
- Gated
- SharedDriveway
- BackYard
- Lawn
- Subdivision
- Shingle
- None
- Slab
- ChainLink
- Full
Location
Schools
| School Name | Grades | Admission |
|---|---|---|
| Lakeview Elementary School | PK - 4 | Regular |
| Mabank Jr High School | 7 - 8 | Regular |
| Mabank High School | 9 - 12 | Regular |
| Mabank Intermediate School | 5 - 6 | 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.