$788,000
 $4,230 est/mo Sourced by Back At You

131 Lakeway Lane,Gun Barrel City, TX 75156

Gun Barrel City, TX 75156

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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.

Details

MLS #21337766
Listing TypeFor Sale
StyleHouse
HOA Dues$125
Sub-TypeResale
StatusActive
Year2024
Days On Site30
Listing Provided ByCedar Creek Lake Real Estate | Val McGilvra

Features

Bed(s)6
Bath(s) 6 Total
SQ Feet4,300
Garage3
Car PortYes
Story(s)1
Acreage1.02

Interior

Room Count6
CoolingCentral Air
HeatingElectric
Interior FeaturesBuilt-in Features, Double Vanity, Flat Screen Wiring, High Speed Internet Available, Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Data
Window FeaturesWindow Coverings
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Electric Water Heater, Microwave, Refrigerator
Fireplace FeaturesRaised Hearth, Stone

Exterior

Exterior FeaturesCovered Patio/Porch
RoofShingle
Security FeaturesSmoke Detector(s)
Construction MaterialsSiding
Foundation DetailsSlab
Lot FeaturesLrg. Backyard Grass, Subdivision, Water/Lake View

Parking

Garage Yn1
Attached Garage Yn1
Parking FeaturesAdditional Parking, Carport, Concrete, Covered, Detached Carport, Driveway, Garage Door Opener, Gated, Golf Cart Garage, Shared Driveway

Utilities

UtilitiesAsphalt, MUD Sewer, MUD Water

Location

Community FeaturesBoat Ramp

Taxes

Tax Lot240-R
Tax Legal DescriptionAB 488 T S MITCHELL SUR, EASTWOOD ISLANDS, LT

Area Information

StateTX
CountyHenderson
CityGun Barrel City
Zip Code75156
AreaHenderson
Community NameEastwood Islands
School DistrictMabank ISD
Elementary SchoolMabank
High SchoolMabank
Listing VS Median (in Eastwood Islands)
Price:
$788,000
low | high
Med:
$325,000
100% of Average
sqft:
4,300
low | high
Med:
2,085
100% of Average
$ / sqft:
$183
low | high
Med:
$156
64.941143531875% of Average
On site:
30
low | high
Med:
58
51.724137931034% of Average
Sourced by Back At You

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All information provided by the seller and is deemed to be correct, but is not guaranteed. Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. You may not reproduce or redistribute this data—it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.

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Learn More About This Property

StateTX
CountyHenderson
CityGun Barrel City
Zip Code75156
AreaHenderson
Community NameEastwood Islands
School DistrictMabank ISD
Elementary SchoolMabank
High SchoolMabank
Listing VS Median (in Eastwood Islands)
Price:
$788,000
low | high
Med:
$325,000
100% of Average
sqft:
4,300
low | high
Med:
2,085
100% of Average
$ / sqft:
$183
low | high
Med:
$156
64.941143531875% of Average
On site:
30
low | high
Med:
58
51.724137931034% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $591K - $985K
sqft: 3,000 - 5,000
Nearby Listings Property ImageNearby Listings Details
144 Redondo Drive Property Photo 1
$1,299,000
144 Redondo Drive
Gun Barrel City, TX 75156
Listing Updated: August 19, 2026 at 4:33:27 PM PDT