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311 Oak Lane

Tool, TX 75143
  • $750,000
  • STATUS: Active
  • MLS #: 20768073
Price Reduced
UPDATED: 18 min ago
$750,000
  • 5
    BEDS
  • 3.14
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
  • 4,100
    SQFT
  • $183
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1976
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Evan Downey of EXP REALTY: 214-997-4929.

Description

Search address on YouTube for walk-through video. Short Term Rental bringing in almost $100,000 a year on Cedar Creek Lake! The largest property in the highly sought out Arnold Hills Subdivision is now for sale! 12 LOTS (52-63) on a little over 3 acres with access to Cedar Creek Lake with a voluntary HOA. You could easily build 2 other cash flowing STRs on this property. Large, FULLY remodeled is perfect for a family retreat or a vacation home - sleeping 15. Furnishings are negotiable to make investment turnkey. Beautiful engineered hardwoods, modern finishes, custom furniture, ample entertainment space, and an open floor plan are perfect for getting away. Amazing lake views from the back balconies, oversized 3 car garage workshop with electric, and a dock. The canal needs some dirt work to utilize the dock. Check out the transaction desk for a list of updates. Any investor wanting an almost 8 percent CAP rate and lake getaway, this is your best bet!

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© 2025 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Prolific Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Prolific Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-01-20T07:40:25.58.
www.texasprolificrealtors.com/homes/157695583
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311 Oak Lane Tool, TX 75143

  • Price: $750,000
  • Status: Active
  • On Site: Days
  • Updated: 18 min ago
  • MLS #: 20768073
5
Beds
4
Baths
1
½ Baths
3.14
Acres
4,100
SQFT
$183
$/SQFT
1976
Built
Neighborhood:
Arnold Hills Sub
County:
Henderson
Area:
Tool
Elementary School:
Southside
High School:
Mabank
School District:
Mabank ISD
Property Description
Search address on YouTube for walk-through video. Short Term Rental bringing in almost $100,000 a year on Cedar Creek Lake! The largest property in the highly sought out Arnold Hills Subdivision is now for sale! 12 LOTS (52-63) on a little over 3 acres with access to Cedar Creek Lake with a voluntary HOA. You could easily build 2 other cash flowing STRs on this property. Large, FULLY remodeled is perfect for a family retreat or a vacation home - sleeping 15. Furnishings are negotiable to make investment turnkey. Beautiful engineered hardwoods, modern finishes, custom furniture, ample entertainment space, and an open floor plan are perfect for getting away. Amazing lake views from the back balconies, oversized 3 car garage workshop with electric, and a dock. The canal needs some dirt work to utilize the dock. Check out the transaction desk for a list of updates. Any investor wanting an almost 8 percent CAP rate and lake getaway, this is your best bet!
Exterior Features

Carport Spaces 0 Construction Siding Covered Spaces 3 Exterior Features BalconyCovered DeckCovered Patio/PorchDockFire PitOutdoor GrillRV/Boat ParkingStorage Foundation Slab Housing Type Lake HouseSingle DetachedVacation Home Lot Description Many TreesSubdivisionWater/Lake ViewWaterfront Parking Or Garage Garage Pool On Property No Roof Composition Waterfront Features Canal (Man Made)Dock – UncoveredLake Front Waterfront YN Yes

Interior Features

Appliances DishwasherDisposalElectric RangeRefrigerator Attached Garage No Basement No Cooling Ceiling Fan(s)Central AirElectric Dining Areas 2 Fireplaces 0 Flooring TileWood Garage Yes Handicap YN No Heating CentralElectric Interior Features Built-in FeaturesCable TV AvailableDecorative LightingDouble VanityEat-in KitchenFlat Screen WiringGranite CountersHigh Speed Internet AvailableKitchen IslandOpen FloorplanVaulted Ceiling(s) Living Areas 3 Rooms Bedroom-Primary (1 Level) Living Room (2 Level) Media Room (1 Level) Bedroom-2nd Primary (2 Level) Game Room (1 Level)

Property Features

HOA None Intermediate School Name Mabank Levels Two List MLSProvider Collin County Association Of Realtors Listing Terms CashConventionalFHAVA Loan Municipal Utility District No Possession Closing/Funding Property Attached No Property Type Single Family Residence Restrictions Deed Utilities All Weather RoadCity SewerElectricity Connected Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2025 North Texas Real Estate Information System.


© 2025 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Prolific Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Prolific Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-01-20T07:40:25.58.
 
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Prolific Realty
2201 South W.S. Young Ste 104-C
Killeen TX, 76543
Offered by Evan Downey of EXP REALTY: 214-997-4929.