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Days28Days on Market
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$1,950,000

6033 Gowan Drive, Malakoff, TX, 75148

On MarketInfo
Beds6 Beds
Baths4 Bath
Baths4,560 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$427.63 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 4Bathrooms 4
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave

Exterior

Lot Size7.80 acres

Building Information

Garage Spaces2

Land Information

APN2717-0000-0010-30
Lot Number1,16
SubdivisionEnnis Paradise #3 (5)
Land UseSingle Family Residence
Legal Description1-16,20,25-43 AB 133 T CARO SUR, ENNIS PARADISE TR 3, LTS 1-16 (1/2 16) 20 & 25-43
Census Tract951102
Assessed Land Value$15,395
Assessment Year2025

About this property

Prime 10-Acre Waterfront Development Opportunity on Cedar Creek Lake. Attention investors and developers: a premier waterfront commercial opportunity awaits. This exceptional 10-acre hilltop property boasts commanding, elevated views of Cedar Creek Lake and comes fully equipped with two houses, a cabin, and a private boat ramp. Covered in beautiful oak trees, the rolling topography is uniquely suited for high-yield income generation. The flexible acreage is an ideal canvas for a luxury RV park, a trendy tiny-home village, or a premium vacation rental resort. Capitalize on the booming lakefront market with a versatile property that offers an easy transition into a lucrative investment.

Investor Tools

$0Estimated Mortgage Balance
$517,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,700 /month
Positive
Cash Flow Estimate:
$3,900 /month

Interested in this property?

Jeri Canatella

Realty Crew, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$233/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$213
$15,395
2025
$15,395
N/A
$15,395
No

Tax History

Year
Tax Paid
Assessed Value
2024
$213
$15,395

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$517,000
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: Malakoff

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6033 Gowan Drive | Property Details | No Agent List