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$875,000

182 Indian Gap Dr, Mabank, TX, 75156

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,600 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$336.54 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Double Oven, Refrigerator
FlooringLaminate, Vinyl

Exterior

Exterior FeaturesDog Run, Fire Pit, Storage

Building Information

Year Built1987
Roof Type105
Garage Spaces1

Land Information

APN2390-0004-2080-30
Lot Number208
SubdivisionCherokee Shores (4509)
Land UseResidential
Legal DescriptionLT 208 AB 132 G CHOVANNO SUR, CHEROKEE SHORES, SEC D LT 208, C/394
Census Tract950904
Assessed Land Value$405,450
Assessed Improvement Value$230,147
Assessment Year2025

About this property

There are lake houses & then there are lake compounds. This move in ready, furnished compound is situated on sought-after Cedar Creek Lake & gives you room to spread out, slow down, & create the kind of memories that keep families coming back year after year. The feature you simply can't overlook? TWO private boat DOCKS. Finding a property with two boat docks already in place is exceptionally rare. Whether you have multiple boats, Jet skis, avid fishermen in the family, or simply love hosting friends & extended family, everyone has their own place on the water. No waiting. No taking turns. Just more time doing what you came to the lake to do. This isn't just waterfront—it's a front-row seat to the lake lifestyle! The main cabin offers 3 bedrooms-2 baths (currently sleeps 14) with a comfortable, welcoming feel that keeps the focus where it belongs—on spending time together. An attached game room is complete with a pool table. The covered back porch + hot tub may become your favorite space of all! It's where coffee tastes better, burgers somehow disappear faster, stories get longer, & every seat comes with a view. Need extra space? The detached, climate-controlled bunk room offers incredible flexibility as guest quarters, a bunkhouse for the grandkids, a hobby room, home office, or creative studio. An attached workshop & detached storage shed provide plenty of room for fishing gear, lake toys, tools, & everything that comes with an active outdoor lifestyle. Practical features matter here, too. Covered parking spot,detached garage, fenced yard, & a well-maintained, low-maintenance property. Whether you're searching for a weekend escape from DFW, a family lake house built for entertaining, a retirement retreat where every day feels like vacation, or an investment property with exceptional appeal, opportunities like this are becoming increasingly difficult to find. Endless weekends ahead! This isn't just a cabin. It's the place where your family traditions begin.

Investor Tools

Property Icon
$635,597
Estimated Property Value
$0Estimated Mortgage Balance
$635,597Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,250 /month
Positive
Cash Flow Estimate:
$1,750 /month

Interested in this property?

Melissa McClain

Coldwell Banker Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$998/month
$197/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,796
$635,597
2025
$405,450
$230,147
$635,597
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,796
$635,597

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$635,597
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: Mabank

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