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$349,900
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Property Description
MOTIVATED SELLER! Open-water views at Cedar Creek Lake set the tone for this extensively remodeled home in gated Spanish Shores. Enjoy the lake-area setting from the upstairs rear deck, with the neighborhood boat launch just a short walk away. This 4-bedroom, 2-bath home offers approximately 1,760 square feet in a distinctive two-story layout with soaring vaulted ceilings, tall windows, a stone wood-burning fireplace, and a standout spiral staircase that gives the main living space real character. The renovation includes new flooring throughout, new windows, new appliances, granite countertops, updated fixtures, fresh interior and exterior paint, and a recently replaced roof. The primary suite features French doors leading to the paved backyard patio, while generous walk-in closets provide useful storage. Outdoor features include a covered front deck, upstairs rear deck, landscaped yard, concrete patio with power in place for a future hot tub, attached 2-car carport, and additional boat parking behind the fence. City water, city sewer, and electricity are connected. The home may also be purchased fully furnished for an additional negotiated amount.
Full Property Details
Full Property Details for 131 San Felipe Dr
General
- Price: $349,900
- HOA FEE: $42/month
- HOA FEE FREQ.: Annually
- Taxes: $3,195
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21299555
- Updated: 8/28/2026
- Added to Site: 77 day(s) ago
Interior
- Interior Features: Chandelier, Granite Counters, High Speed Internet, Multiple Master Suites, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Stone, Wood Burning
- Appliances: Dishwasher, Electric Oven, Electric Water Heater, Disposal, Microwave
- Flooring: Carpet, Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup
Additional Information
- Security/Safety: Gated Community
Exterior
- Exterior Features: Rain Gutters
- Porch/Patio/Deck: Deck, Front Porch, Rooftop, Covered
Parking
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 2
- Parking Features: Carport, Driveway, Paved
Location
- County: Henderson
- Subdivision: Spanish Shore
- Driving Directions: From Gun Barrel City take Hwy 334 to Welch Lane, follow Welch Lane down and turn right on Box Road, Spanish Shores gated entrance towards the middle left on Spanish Trail, turn right on San Felipe property across from waterfronts sign in yard!
School Information
- Elem School District: Mabank ISD
- Midd School District: Mabank ISD
- High School District: Mabank ISD
- Elementary School: Central
- Middle School: Mabank
- High School: Mabank
Community
- Gated community: Yes
- Association: Yes
- Assoc. Name: Spanish Shores POA
- Assoc. Fees Include: All Facilities
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric, Fireplace(s)
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Electricity Connected, Sewer Available, Water Available, Cable Available
Structural Information
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Attached
- Roof: Composition
- Windows: Window Coverings
- Stories/Levels: 2
- Living Area: 1,760 Sq. Ft.
- Year Built: 1997
Lot Features
- Property View: Water
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,325.6
- Lot Size Source: Assessor
- Lot Dimensions: 100 x 88 x 85 x 133
- Lot Features: Cleared, Landscaped, Level, Subdivision, Few Trees
- Trees/Vegetation: Cleared
- Fencing (Description): Back Yard, Wood
Water Features
- Water View: Yes
- Water Front Name: Cedar Creek
- Boat Dock Slip: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Association Fee: $500
- Assoc Fee Freq.: Annually
- Tax Amount: $3,195
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Legal Description: LT 147 AB 483 B MEDRO SUR, SPANISH SHORES LT
- Disclosures/Rstr.: Deed Restriction
- Property ID: 41700000147050
- Lot Number: 147
Listed by Coldwell Banker American Dream, Stone Huffman
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Schools
Schools serving 131 San Felipe Dr
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 | 2.1 mi |
Mabank J High School 822 West Mason Street, Mabank, TX 75147 | 7-8 | 4.8 mi |
Mabank High School 18786 E Hwy 175, Mabank, TX 75147 | 9-12 | 5 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 San Felipe Dr
Date
Details
Price
Change
Source
7/31/2026
Price Reduced
$349,900
-5.41%
MLS
7/08/2026
Price Reduced
$369,900
-2.63%
MLS
6/11/2026
Listed
$379,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 131 San Felipe Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,868
11%
$229,527
10%
2023
$1,689
—
$208,661
10%
2023
$1,689
-39%
$189,692
-19%
2022
$2,767
16%
$233,650
49%
2021
$2,394
-24%
$156,770
-12%
2020
$3,158
13%
$177,370
22%
2019
$2,788
16%
$145,870
20%
2018
$2,409
2%
$121,570
2%
2017
$2,364
—
$119,280
—
2016
$2,360
—
$119,280
—
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 San Felipe Dr
131 San Felipe Drive, Mabank, TX 75156 (MLS# 21299555) is a Single Family property with 4 bedrooms and 2 full bathrooms. 131 San Felipe Drive is currently listed for $349,900 and was received on June 11, 2026. Want to learn more about 131 San Felipe 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.

