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
New Construction
Gun Barrel City
$ 309,900
- Type
- Single Family
- Size
- 1,751 SqFt
- Rooms
- 3 Beds + 2 Baths
© 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor M&D Real Estate - Royse City shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas
