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Days131Days on Market
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$975,000

278 Shady Shores Drive, Mabank, TX, 75156

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,251 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$433.14 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator
FlooringHardwood, Tile, Wood

Exterior

Exterior FeaturesBarbecue, Boat Slip, Dock, Fire Pit, Gas Grill, Lighting, Outdoor Grill

Building Information

Year Built1998

Land Information

APN3365-0010-0170-50
Lot Number17
SubdivisionLeisure Land (297)
Land UseResidential
Legal DescriptionLT 17 AB 486 I V MICHELLI SUR, LEISURE LAND, BLK 10 LT 17, B/53
Census Tract950905
Assessed Land Value$324,000
Assessed Improvement Value$462,580
Assessment Year2025

About this property

Welcome to your waterfront lake house where relaxation, comfort, and peace of mind meet the beauty of lakefront living. This stunning property isn’t just a home; it’s a lifestyle investment, thoughtfully updated to create the ultimate Cedar Creek Lake getaway. Whether you're searching for a primary residence, vacation home, or turn-key short-term rental, this home delivers on every level. You will love watching the still mornings when the water looks like glass or the evenings at sunset when the sky is painted with a rainbow of colors and the water is sparkling like glitter on the 118' of platted shoreline. This property offers the best open water sunset views you’ll find. With this unforgettable backdrop for relaxing evenings, grilling, sitting around the fire pit, or entertaining you will be able to take a break and just feel the stress of life roll away. The recently constructed private boat dock includes expanded Trex composite decking, an advanced lift system w updated cradle—perfect for lounging or launching your boat. The reinforced seawall, secured w concrete anchors & footers, ensures long-term shoreline stability, while a modern sprinkler pump station keeps the landscaping vibrant. Inside, enjoy fresh interior paint, a stunning stone fireplace w custom mantle & hearth. Open concept living spaces with a wall of windows so you can enjoy the beauty of the lake every minute. The kitchen features granite countertops, SS appliances, & bar seating, ideal for cooking & gatherings. Modern lighting fixtures, ceiling fans, & smart TVs enhance the ambiance throughout. The private guest rooms in the detached casita are perfect for guests or extended stays. The property includes a upgraded HVAC unit, updated 2022 architectural roof, & ring security camera system. With a 10-year VRBO rental history and excellent reviews, this home offers strong income potential as a vacation rental or Airbnb property. Experience unmatched charm and lakeside living at its finest!

Investor Tools

$627,943Estimated Mortgage Balance
$337,057Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,850 /month
Positive
Cash Flow Estimate:
$1,950 /month

Interested in this property?

Julie Gray

Ebby Halliday, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$709/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,680
$786,580
2025
$324,000
$462,580
$786,580
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,680
$786,580

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
J Philips Mortgage Inc
Conventional
$680,000
No
First
May 13, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$627,943
$337,057
34%
65%
$4,077/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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278 Shady Shores Drive | Property Details | No Agent List