203 N Oak Acres Drive N, Malakoff, TX 75148

• 2 beds |
• 2 baths |
• 1,838 sqft

Property Description

Positioned on open water, this lakefront home delivers a rare combination of usable space, flexibility, and income potential that stands out in its category. While officially a 2-bedroom, it lives like a 3-bedroom with a bright enclosed sunroom that adds meaningful flexible square footage—ideal as a guest room, bunk space, second living area, or office (not reflected in tax records). Combined with two pull-out queen sleepers, the home comfortably accommodates up to 8 adults, making it highly functional for both personal use and hosting. Currently operating as a successful Airbnb, the property offers built-in income potential and can be sold fully furnished for a seamless turnkey transition. There is also a clear path to additional value, with the detached two-car garage already plumbed for a bath, offering the opportunity to convert it into a true third bedroom and additional bathroom, creating a separate bunkhouse or guest suite that would further enhance both livability and rental performance. Outdoor living is equally impressive, with a fully fenced yard and gated entry, expansive driveway with plenty of guest parking, and a two-car carport currently functioning as a covered sitting area ideal for grilling and gathering. A waterside stone fire pit, well-maintained boathouse with party deck seating, pontoon cradle, PWC lift, lake pump sprinkler system, and two additional storage sheds for lake toys and lawn equipment complete the outdoor amenities. Recent seller updates include approximately $50,000 in improvements, including flooring, paint, and hardware in 2022, plus a new HVAC system in 2024 with dual-zone heating and cooling and Nest thermostats. Move in, enjoy immediately, generate income, or enhance further—this is a lake property designed to deliver from day one.

Listing Status:

Active

Data Last Updated:

June 19, 2026 at 12:18PM

Listing Office:

Ebby Halliday Realtors : 903-340-8590

Listing Agent:

Debbie French :

MLS ID:

21247715

Interior

• General: Eat-in KitchenGranite CountersOpen Floorplan
• Appliances: Convection OvenDryerDishwasherElectric CooktopDisposalWasher
• Laundry: Stacked
• Flooring: Luxury Vinyl PlankTile
• A/C: Central AirElectric
• Heating: CentralElectric
• Fireplace: Gas LogFireplaceFireplaces: 1

Exterior

• General: Boat SlipDeckDockFire Pit
• Style: RanchTraditionalDetached
• Pool: None
• Parking: ConcreteCarportDoor-SingleDrivewayGarage

Construction

• Roofing: CompositionMetal
• General: BrickFrameStone VeneerVinyl Siding1Pillar/Post/Pier

Location

• HOA Amenities: All FacilitiesAssociation Management100.0Annually
• Originating MLS: NTR
• School District: Eustace ISD
• County: Henderson

Lot

• Zoning: LT 28OAK ACRES36500000028030
• View: WaterView
• Fencing: Back YardChain LinkFencedFullFront YardGate

Utilities

• Utilities: Septic AvailableWater Available
• Water: Community/Coop
• Sewer: Septic Tank

Financial

• Source: NTR