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$675,000

111 Deer Island Rd, Mabank, TX, 75156

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,840 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$366.85 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave
FlooringTile

Exterior

Exterior FeaturesBoat Slip, Dock, Rain Gutters, Lighting

Building Information

Year Built1978
Roof Type105
Garage Spaces2

Land Information

APN4615-0000-0280-30
Lot Number28,29
SubdivisionWoodcanyon Waters #1 (76)
Land UseResidential
Legal DescriptionLTS 28 & 29 AB 89 J J BECK SUR, WOODCANYON WATERS #1, LTS 28 & 29, A/252
Census Tract950904
Assessed Land Value$348,750
Assessed Improvement Value$373,771
Assessment Year2025

About this property

Situated on one of the most beautiful waterfront lots in the sought-after Deer Island community on Cedar Creek Lake, this exceptional property spans two lots totaling approximately half an acre and offers 135 feet of shoreline with mature trees. The home enjoys tranquil east-facing cove views and gentle lake breezes, creating the perfect setting to enjoy the outdoors even during the warmest summer days. The front yard features a circle drive in addition to a separate driveway providing access to the garage and the property’s private boat launch plus ample parking for several vehicles. Lovingly owned and enjoyed for the past 20 years, this 3 bed, 2 bath home is finally hitting the market and ready for its next chapter. Inside, you’ll find a spacious living area with vaulted ceilings and a cozy wood-burning stove. The kitchen offers an eat-in breakfast bar, built-in oven, flat-top stove, and SS microwave and dishwasher. The dining area features a built-in hutch and beautiful water views. The primary suite is positioned on the water side of the home with private access to the deck, ensuite bathroom, and large walk-in closets. Newly installed wood-look tile flooring runs throughout the common areas and bedrooms. The sunroom, while not currently heated or cooled, brings the outdoors in. Outside, a new oversized deck provides room for entertaining while the backyard offers plenty of space for pets, outdoor activities, and enjoying lake life. There is also a workshop with a garage door facing the lake making it ideal for storing and easily accessing water toys and equipment right off the water. Additional features include an attached 2-car garage with built in workbench , and new heat pump HVAC system! Whether you are looking to renovate, expand, or build your dream lakefront home from the ground up, this property offers an incredible opportunity to create something truly special in one of Cedar Creek Lake’s most desirable communities.

Investor Tools

Property Icon
$722,521
Estimated Property Value
$0Estimated Mortgage Balance
$722,521Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,335 /month
Positive
Cash Flow Estimate:
$1,445 /month

Interested in this property?

Debbie French

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$523/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,660
$722,521
2025
$348,750
$373,771
$722,521
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,660
$722,521

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$722,521
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Mabank

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111 Deer Island Rd | Property Details | No Agent List