Price Reduction - Water Views
Address
131 Lakeway Lane, Gun Barrel City, TX
Price
$ 773,900
Property Attributes
- MLS#21337766
- TypeSingle Family
- Listing Status Active
- CountyHENDERSON
- CityGun Barrel City
- NeighborhoodEastwood Islands
- Zip75156
- StyleTraditional
- Year Built2024
- Price$ 773,900
- Bedrooms6
- Full Bathrooms4
- Half Bathrooms2
- Sqr Footage4300
- Lot Size1.018 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
**Luxury Lake Estate: Multiple Homes & Income Opportunities!** Rare opportunity to own an exceptional gated estate in the Eastwood Islands community on Cedar Creek Lake. With a combined total of 4300 sq ft of living space, this unique property includes a custom-built main home (2024) 3B and 2.5B, a guest cottage 2B & 1.5B, an efficiency home with a workshop, on 2 lots —ideal for multi generational living, guests, rental income, or a private family compound. The main home features vaulted ceilings, hand-scraped hardwood and tile floors, and an open-concept layout. The spacious family room offers a floor-to-ceiling stone fireplace, partial lake views, and abundant natural light. The chef's kitchen includes a large island, walk-in pantry, stainless steel appliances, and ample workspace. The private primary suite features tray ceilings and a spa-like bath with a walk-in shower, claw foot soaking tub, dual vanities, and walk-in closet. The split-bedroom floor plan includes two bedrooms connected by a Jack-and-Jill bath. A dedicated office with Cat 6 wiring, double doors, and backyard access is ideal for working from home. The over sized laundry room is conveniently located off the attached three-car garage. Enjoy the wraparound porch and mature pecan and pear trees. Included is a 1,084-square-foot guest cottage with a full Kitchen and living areas, a screened porch, fireplace —perfect for guests or short- or long-term rental income or parent home. A third residence offers approximately 800 square feet of efficiency-style living space with its own yard, workshop, and peek-a-boo lake views, providing additional flexibility or rental potential. Eastwood Islands residents enjoy a private boat ramp, fishing dock, parks, and Cedar Creek Lake access, all just minutes from shopping, dining, and entertainment. This one-of-a-kind property offers luxury, flexibility, and exceptional investment potential. See Eastwood Island POA website for community rental policies.
| Elementary School |
|---|
| Mabank Elementary School |
| Price History | |
|---|---|
| 7/22/2026 | Listed $788,000 |
| 9/10/2026 | 2$773,900 |
General Features
| Heating | Electric |
|---|---|
| Cooling | Central Air |
| Utilities | Asphalt,MUD Sewer,MUD Water |
| Possession | Closing/Funding |
| Roof | Shingle |
| Appliances | Dishwasher,Disposal,Dryer,Electric Oven,Electric Water Heater,Microwave,Refrigerator |
| Assoc Fees | 125 |
| Number of Garage Spaces | 3 |
| Restrictions | Deed |
| School District | Mabank ISD |
| HOA Fee Includes | Full Use of Facilities,Management Fees |
| Year Built | 2024 |
| Architectural Style | Traditional |
| Community Features | Boat Ramp |
| Levels | One |
| Will Subdivide | No |
| Property Subtype | Single Family Residence |
| Subdivision Name | Eastwood Islands |
| Transaction Type | For Sale |
| Occupant Type | Owner |
| Carport Spaces | 2 |
| County | Henderson |
| Property Type | Residential |
| Security Features | Smoke Detector(s) |
| Construction Materials | Siding |
| Association Fee Frequency | Annually |
| Accessory Unit Type | Accessory Dwelling Unit (ADU) |
| Accessory Unit Y/N | Yes |
| HOA Type | Mandatory |
| Full Baths | 4 |
| Status | Active |
| Directions | US 175 East to Exit TX 334. Go 6 miles to Legendary Lane and turn left. Continue to Boshart Way and veer right. Continue to Lakeway Lane. |
| City | Gun Barrel City |
| Elementary School Name | Mabank |
| High School | Mabank |
| Elementary School | Mabank |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/21337766 |
| Standard Status | Active |
| Junior High School | Mabank |
| Listing Terms | 1031 Exchange,Cash,Conventional |
Interior Features
| Interior Features | Built-in Features,Double Vanity,Flat Screen Wiring,High Speed Internet Available,Kitchen Island,Pantry,Vaulted Ceiling(s),Walk-In Closet(s),Wired for Data |
|---|---|
| Flooring | Carpet,Hardwood,Tile |
| Fireplace Features | Raised Hearth,Stone |
| Fireplaces Total | 1 |
| Dining Areas | 1 |
| Living Areas | 1 |
| Room Count | 6 |
| Half Baths | 2 |
| Lock Box Type | Combo |
| Total Bedrooms | 6 |
| Total Baths | 6 |
| Window Features | Window Coverings |
| Laundry Features | Full Size W/D Area |
Exterior Features
| Exterior Features | Covered Patio/Porch |
|---|---|
| Lot Features | Lrg. Backyard Grass,Subdivision,Water/Lake View |
| Fencing | Chain Link,Full |
| Garage Length | 28 |
| Garage Width | 28 |
| Parking Features | Additional Parking,Carport,Concrete,Covered,Detached Carport,Driveway,Garage Door Opener,Gated,Golf Cart Garage,Shared Driveway |
| Lot Size | 1 to < 3 Acres |
| Covered Spaces | 5 |
| Foundation | Slab |
| Lot Size Area | 1.0180 |
| Lot Size Units | Acres |
| Structural Style | Lake House,Single Detached |
| Garage Y/N | Yes |
| Lot Size Square Feet | 44344.0800 |
| Lot Size Acres | 1.0180 |
| Patio And Porch Features | Covered |
| Attached Garage Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 75156
Price
Year Built
Visits
In The Neighborhood
Water Views
Gun Barrel City
$ 289,000
131 Ocean Drive
Gun Barrel City, TX 75156
- Type
- Single Family
- Size
- 1,356 SqFt
- Rooms
- 2 Beds + 2 Baths
Viewed
Gun Barrel City
$ 309,900
124 Lost Forest Road
Gun Barrel City, TX 75156
- Type
- Single Family
- Size
- 1,751 SqFt
- Rooms
- 3 Beds + 2 Baths
Water Views
Gun Barrel City
$ 325,000
142 Seaside Drive
Gun Barrel City, TX 75156
- Type
- Single Family
- Size
- 2,085 SqFt
- Rooms
- 3 Beds + 2 Baths
Reduced
Gun Barrel City
$ 1,100,000
103 Island Beach Road
Gun Barrel City, TX 75156
- Type
- Single Family
- Size
- 2,400 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Reduced
Gun Barrel City
$ 895,000
159 Seaside Drive
Gun Barrel City, TX 75156
- Type
- Single Family
- Size
- 2,101 SqFt
- Rooms
- 4 Beds + 2 Baths
Reduced
Gun Barrel City
$ 947,000
135 Island Park Drive
Gun Barrel City, TX 75156
- Type
- Single Family
- Size
- 1,536 SqFt
- Rooms
- 2 Beds + 2 Baths
Reduced
Gun Barrel City
$ 324,900
157 Ocean Drive
Gun Barrel City, TX 75156
- Type
- Single Family
- Size
- 1,710 SqFt
- Rooms
- 4 Beds + 2 Baths
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
