Date
Details
Price
Change
Source
7/21/2026
Listed
$788,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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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. This unique property includes a custom-built main home (2024), a guest cottage, an efficiency home with workshop, and multiple lots-ideal for multigenerational 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, clawfoot 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 5 wiring, double doors, and backyard access is ideal for working from home. The oversized laundry room is conveniently located off the attached three-car garage. Enjoy the wraparound porch and mature pecan and pear trees. On an additional lot is a 1,084-square-foot guest cottage with two bedrooms, one bath, a screened porch, fireplace, and open-concept kitchen and living area-perfect for guests or short- or long-term rental income. 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, privacy, and exceptional investment potential.
Full Property Details
Full Property Details for 131 Lakeway Ln
General
- Price: $788,000
- HOA FEE: $10/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21337766
- Updated: Today (7/21/2026)
- Added to Site: Today
Interior
- Interior Features: Built-in Features, Double Vanity, High Speed Internet, Kitchen Island, Pantry, Vaulted Ceiling(s), Wired for Data, Walk-In Closet(s), Wired for Sound
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Raised Hearth, Stone
- Appliances: Dryer, Dishwasher, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator
- Flooring: Carpet, Hardwood, Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Additional Information
- Security/Safety: Smoke Detector(s)
Exterior
- Porch/Patio/Deck: Covered
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 5
- Parking Features: Additional Parking, Concrete, Covered, Carport, Detached Carport, Driveway, Garage, Golf Cart Garage, Garage Door Opener, Gated, Shared Driveway
Location
- County: Henderson
- Subdivision: Eastwood Islands
- Driving 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.
School Information
- Elem School District: Mabank ISD
- Midd School District: Mabank ISD
- High School District: Mabank ISD
- Elementary School: Mabank
- Middle School: Mabank
- High School: Mabank
Community
- Association: Yes
- Assoc. Name: Eastwood Island POA
- Assoc. Fees Include: All Facilities, Association Management
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Utility Description: Municipal Utilities, Sewer Available, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional, Detached
- Structure Type: House
- Detached/Attached: Detached
- Roof: Shingle
- Windows: Window Coverings
- Stories/Levels: 1
- Living Area: 2,500 Sq. Ft.
- Year Built: 2024
Lot Features
- Property View: Water
- Lot Size (Acres): 1.018
- Lot Size (Sq. Ft.): 44,344.08
- Lot Features: Back Yard, Lawn, Subdivision
- Fencing (Description): Chain Link, Full
Water Features
- Water View: Yes
- Water Front Name: Cedar Creek
- Boat Dock Slip: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Association Fee: $125
- Assoc Fee Freq.: Annually
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Legal Description: AB 488 T S MITCHELL SUR, EASTWOOD ISLANDS, LT
- Disclosures/Rstr.: Accessory Dwelling Unit, Municipal Utility District Disclosure
- Property ID: 26750000240053
- Lot Number: 240-R
Listed by Cedar Creek Lake Real Estate, Val McGilvra
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 131 Lakeway Ln —
Val McGilvra
Cedar Creek Lake Real Estate
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 131 Lakeway Ln
School District:Mabank Independent School District
| Name | Grades | Distance |
|---|---|---|
Lakeview Elementary School, Gun Barrel City, TX 306 Harbor Point Road, Gun Barrel City, TX 75156 | K-4 | 1.5 mi |
Mabank J High School 822 West Mason Street, Mabank, TX 75147 | 7-8 | 4.4 mi |
Mabank High School 18786 E Hwy 175, Mabank, TX 75147 | 9-12 | 4.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 131 Lakeway Ln
Tax History
Tax History for 131 Lakeway Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,104
-58%
$252,197
-50%
2022
$2,635
—
$504,394
1581%
2022
$2,635
-31%
$30,000
-81%
2022
$3,812
115%
$154,330
49%
2021
$1,769
159%
$103,580
5%
2020
$682
—
$98,670
38%
2019
$682
—
$71,440
8%
2018
$685
1%
$66,240
2%
2017
$678
-1%
$65,000
—
2016
$682
—
$65,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 131 Lakeway Ln
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131 Lakeway Lane, Gun Barrel City, TX 75156 (MLS# 21337766) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 131 Lakeway Lane is currently listed for $788,000 and was received on July 21, 2026. Want to learn more about 131 Lakeway Lane? Do you have questions about finding other Single Family real estate for sale in Gun Barrel City? You can browse all Gun Barrel City real estate or contact a Coldwell Banker agent to request more information.