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$1,139,000

221 Edythe Dee Ln, Mabank, TX, 75156

On MarketInfo
Beds4 Beds
Baths1 Bath
Baths3,032 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$375.66 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Refrigerator

Building Information

Year Built1967
Garage Spaces2

Land Information

APN3720-0000-018A-50
Lot Number18B
SubdivisionOakwood Shores #1 (37)
Land UseResidential
Legal DescriptionAB 795 G T WALTERS SUR, OAKWOOD SHORES #1 LT 18B, C/51
Census Tract950905
Assessed Land Value$214,200
Assessed Improvement Value$410,168
Assessment Year2025

About this property

GB-9215. Perched on a rare peninsula point, this remarkable lakefront property offers more than 200 ft of private shoreline & outstanding water depth, with approximately 10 ft at the dock. From the moment you walk through the door, the home showcases sweeping views of wide-open water through an abundance of windows that fill the space with natural light. The thoughtfully designed open-concept layout features soaring vaulted ceilings accented by rustic wood beams, creating a warm yet spacious living area centered around a cozy WBFP. Large sliding doors open to the outdoor living space, making it easy to enjoy the lake lifestyle and entertain guests both inside and out. The kitchen is well-equipped with stainless steel appliances, including a double oven that’s perfect for hosting holidays or large gatherings. On the main level, the primary suite & an oversized guest suite both enjoy beautiful lake views and bright, airy surroundings. Upstairs, the home continues to impress with two bunk-style bedrooms and a full bath positioned above a generous game room that functions as a second living area. This upper level operates on its own HVAC zone for added comfort and efficiency. Extensive updates have been completed including the HVAC system, water heater, appliances, cabinetry, fixtures, and expansive use of glass—providing peace of mind for years to come. Outside, mature trees frame the shoreline while a lakeside fire pit offers the perfect place to relax and take in the scenery. With exceptional water depth (approximately 10 feet at full pool) and open, navigable waterfront, this property is ideal for boating and recreation. Short-term rentals are allowed, making it an excellent opportunity for personal enjoyment, investment potential, or both.

Investor Tools

$437,990Estimated Mortgage Balance
$750,010Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,128 /month
Positive
Cash Flow Estimate:
$2,376 /month

Interested in this property?

Steve Mcatee

McAtee Realty Of Gun Barrel TX

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$738/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,921
$624,368
2025
$214,200
$410,168
$624,368
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,921
$624,368

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$497,070
No
First
May 28, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$437,990
$750,010
63%
37%
$2,981/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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221 Edythe Dee Ln | Property Details | No Agent List