Date
Details
Price
Change
Source
4/03/2026
Listed
$999,000
—
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
Timeless lakehouse-style home with a versatile guest house, located in a gated community offering a boat launch, park, and clubhouse. The main home features 1,715 sq ft with 4 bedrooms and 2 baths, complemented by a 1,152 sq ft guest house with 2 additional full baths and flexible living and sleeping spaces-ideal for hosting family and friends. Inside, dramatic walls of windows rise to a vaulted pine ceiling, filling the home with natural light. Recent updates include durable luxury vinyl plank flooring and a built-in bar with wine refrigerator. The stone wood-burning fireplace and kitchen with granite countertops add warmth and character, creating a comfortable, inviting atmosphere. The two-story guest house expands your options, with a spacious downstairs room featuring a full bath, wet bar, and wood-look tile flooring-perfect as a game room, bunk space, or additional living area or combination of all 3. Upstairs offers another full bath, living or sleeping space, plus two additional bedrooms. Outdoors, a generous covered deck with wood ceiling overlooks a lovely, treed yard with peaceful cove views. A detached 280 sq ft shed garage provides ample storage for water toys and lawn equipment, while the circle drive allows for plenty of parking. The fully fenced backyard is ideal for pets and kids. A boathouse and lake fed sprinkler system complete the package-everything you need for the perfect lake getaway. The cedar-look Hardie Board siding delivers classic lakehouse charm with low-maintenance durability. New roof and gutters installed in 2025. Furnishings are included for a turnkey opportunity. Conveniently located just around the corner from Pinnacle Golf Club, where social and golf memberships are available, along with a pay-to-play option. Starlink internet available.
Full Property Details
Full Property Details for 122 Lake Terrace Dr
General
- Price: $999,000
- HOA FEE: $33/month
- HOA FEE FREQ.: Annually
- Taxes: $11,668
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21226319
- Updated: 4/3/2026
- Added to Site: Today
Interior
- Interior Features: Wet Bar, Eat-in Kitchen, Granite Counters, High Speed Internet, Open Floorplan, Pantry, Vaulted Ceiling(s), Natural Woodwork, Walk-In Closet(s), Wired for Sound
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Stone, Wood Burning
- Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Wine Cooler
- Flooring: Carpet, Luxury Vinyl Plank, Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Other Rooms
- Laundry: Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room
Additional Information
- Security/Safety: Gated Community, Smoke Detector(s)
- Equipment: Irrigation Equipment
Exterior
- Exterior Features: Boat Slip, Deck, Dock, Rain Gutters
- Porch/Patio/Deck: Rear Porch, Front Porch, Covered, Deck
Parking
- Parking Features: Circular Driveway, Concrete, Driveway, Storage
Location
- County: Henderson
- Subdivision: Carolynn Estates
- Driving Directions: Use GPS
School Information
- Elem School District: Malakoff ISD
- Midd School District: Malakoff ISD
- High School District: Malakoff ISD
- Elementary School: Malakoff
- Middle School: Malakoff
- High School: Malakoff
Community
- Gated community: Yes
- Association: Yes
- Assoc. Name: Carolynn Estates Property Owners Assocation
- Assoc. Fees Include: All Facilities
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Aerobic Septic
- Water: Private
- Utility Description: Electricity Connected, Septic Available, Water Available
Structural Information
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Attached
- Construction: Fiber Cement
- Roof: Composition, Shingle
- Windows: Window Coverings
- Stories/Levels: 1
- Living Area: 2,867 Sq. Ft.
- Year Built: 2007
Additional Structures
- Other Structures: Boat House, Guest House, Outbuilding, Residence, Shed(s), Storage
Lot Features
- Property View: Water
- Lot Size (Acres): 0.305
- Lot Size (Sq. Ft.): 13,285.8
- Lot Size Source: Public Records
- Lot Dimensions: 80 x 187 x 94 x 168
- Lot Features: Back Yard, Lawn, Landscaped, Level, Many Trees, Subdivision, Sprinkler System, Waterfront, Retaining Wall
- Fencing (Description): Back Yard, Chain Link, Fenced
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Cedar Creek
- Water Front Desc.: Boat Dock/Slip, Lake Front, Waterfront
- Lake Front: Yes
- Boat Dock Slip: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Association Fee: $400
- Assoc Fee Freq.: Annually
- Tax Amount: $11,668
- Terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: LT 297, CAROLYNN ESTATES
- Disclosures/Rstr.: Accessory Dwelling Unit
- Property ID: 22850000297060
- Lot Number: 297
Listed by Ebby Halliday Realtors, Debbie French
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 122 Lake Terrace Dr —
Debbie French
Ebby Halliday Realtors
903-340-8590
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 122 Lake Terrace Dr
School District:Malakoff Independent School District
| Name | Grades | Distance |
|---|---|---|
Malakoff Elementary School 310 North Terry Street, Malakoff, TX 75148 | PK-5 | 5.5 mi |
Malakoff Middle School 106 N Cedar, Malakoff, TX 75148 | 6-8 | 5.9 mi |
Malakoff High School 15201 Fm 3062, Malakoff, TX 75148 | 9-12 | 4.6 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 122 Lake Terrace Dr
Tax History
Tax History for 122 Lake Terrace Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,667
4%
$824,088
7%
2023
$10,210
—
$770,361
7%
2023
$10,210
-71%
$720,589
-20%
2022
$35,073
215%
$900,790
44%
2021
$11,142
12%
$624,350
8%
2020
$9,961
11%
$575,680
15%
2019
$8,964
10%
$498,940
13%
2018
$8,153
2%
$441,540
2%
2017
$8,031
—
$434,910
—
2016
$8,018
—
$434,910
—
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 122 Lake Terrace Dr
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- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
122 Lake Terrace Drive, Mabank, TX 75156 (MLS# 21226319) is a Single Family property with 7 bedrooms and 4 full bathrooms. 122 Lake Terrace Drive is currently listed for $999,000 and was received on April 03, 2026. Want to learn more about 122 Lake Terrace Drive? Do you have questions about finding other Single Family real estate for sale in Mabank? You can browse all Mabank real estate or contact a Coldwell Banker agent to request more information.