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$2,349,000

241 Loon Bay Drive, Gun Barrel City, TX, 75156

On MarketInfo
Beds5 Beds
Baths5 Bath
Baths5,124 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$458.43 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Hardwood, Tile, Wood

Exterior

Exterior FeaturesBoat Slip, Dock, Outdoor Grill, Outdoor Kitchen

Building Information

Year Built2017
Garage Spaces3

Land Information

APN3385-0000-0640-53
Lot Number64,65
SubdivisionLoon Bay (1060)
Land UseResidential
Legal DescriptionLTS 64 & 65 AB 742 J SMITH SUR, LOON BAY LTS 64 & 65
Census Tract950604
Assessed Land Value$814,500
Assessed Improvement Value$844,855
Assessment Year2025

About this property

Imagine owning a breathtaking waterfront property on an open water peninsula with 363 feet of shoreline— This incredible 4-bedroom home (plus office, which could also serve as a formal dining room or 5th bedroom) offers a lifestyle of luxury and relaxation, directly on the water at Cedar Creek Lake. Designed to take full advantage of the expansive views, the home features almost every room with stunning water vistas. You'll love the spacious, open floor plan with real wood floors, soaring 12-foot ceilings, and large windows that invite natural light and panoramic views throughout. The kitchen includes a large island with seating, granite countertops, and a wine refrigerator, perfect for entertaining or enjoying family meals. The main floor water side master suite offers a serene retreat with a gorgeous bathroom featuring double vanities, a separate tub, a walk-in shower with multiple heads, and a custom walk-in closet. Additional highlights include a bonus room for a second living area or game room, a media room or bunk room, and an oversized 3-car garage. Step outside to enjoy the screened porch with an outdoor kitchen with sink and oven or relax on the composite decked boathouse, which includes a party deck and covered sitting area, perfect for lakeside entertaining. Onduvilla roof, a waterproof clay tile look roof designed and guaranteed to withstand winds up to 150 miles per hour per the manufacturer. in Gun Barrel City on Cedar Creek Lake, this home is just an hour from downtown Dallas, yet a world away from the hustle and bustle. With all the furniture, boat, and personal watercraft included, this home is truly a turnkey waterfront retreat!

Investor Tools

Property Icon
$2,326,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,835,464Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,094 /month
Positive
Cash Flow Estimate:
$4,698 /month

Interested in this property?

Debbie French

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,575/month
$130/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,265
$1,659,355
2025
$814,500
$844,855
$1,659,355
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,265
$1,659,355

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens National Bank Of Texas
Unknown
$1,000,000
No
First
Dec 27, 2006
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$490,536
$1,835,464
78%
21%
$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.

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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: Gun Barrel City

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241 Loon Bay Drive | Property Details | No Agent List