203 N N Oak Acres Drive Malakoff, TX 75148

$675,000 2 Beds 2 Baths 1,838 Sq Ft

About this home

Property Overview

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.

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Text or email Steavy directly from this listing.

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Year Built

1987

Lot Size

0.41 acres

School District

Eustace Isd

HOA

$100 Annually

Taxes

$8,589/yr

Pool

Parking

2-car garage, 4 covered

Community

Oaks Acres

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AREA INTELLIGENCE

LIFE AROUND OAKS ACRES

A curated look at local favorites, everyday stops, and lifestyle context near this property.

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203 N N Oak Acres Drive Malakoff, TX 75148

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