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B+
NoAgentList RatingHow are grades calculated? Info
Days26Days on Market
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$947,000

$950,000

135 Island Park Dr, Gun Barrel City, TX, 75156

On MarketInfo
Price DropInfo
Baths2 Bath
Baths1,536 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$616.54 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range

Building Information

Year Built1968

Land Information

APN2675-0000-0590-53
Lot Number59
SubdivisionEastwood Islands (348)
Land UseResidential
Legal DescriptionLTS 59 & 58 AB 488 T MITCHELL SUR, EASTWOOD ISLANDS, LTS 59 & 58, A/194 (LIFE EST:BARBARA CURRENCE)
Census Tract950603
Assessed Land Value$333,000
Assessed Improvement Value$123,988
Assessment Year2025

About this property

Land of Opportunity on sought-after Cedar Creek Lake! Rare chance to own 2 waterfront lots with approximately 101’ of platted shoreline in the heart of Gun Barrel City offering HUGE open water views and unforgettable sunset evenings. Tear down and create your dream lakefront retreat with room to spread out, or rejuvenate the existing home and add guest quarters for the ultimate family compound or weekend getaway. The property offers an incredible street-to-water setting with a long paved driveway leading through mature trees to the waterfront. The design-friendly lot shape and depth provide endless possibilities for a custom build, outdoor entertaining spaces, pool, additional structures, or expansive lakeside living. Enjoy a great protected bay location with sweeping western-facing views across the main body of the lake. Existing improvements include an old house,- some say tear it down, detached storage shed, fenced areas, and waterfront yard ready for your vision. Whether you are looking for an investment opportunity, redevelopment project, or your own private lakefront escape, this is a rare opportunity to create something special on Cedar Creek Lake.

Investor Tools

Property Icon
$505,000
Estimated Property Value
$0Estimated Mortgage Balance
$505,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,682 /month
Positive
Cash Flow Estimate:
$1,894 /month

Interested in this property?

B.G. Pierce

KW-Cedar Creek Lake Properties

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$256/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$546
$456,988
2025
$333,000
$123,988
$456,988
No

Tax History

Year
Tax Paid
Assessed Value
2024
$546
$456,988

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$505,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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: Gun Barrel City

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135 Island Park Dr | Property Details | No Agent List