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$249,500
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Property Description
Welcome to your dream home in the exclusive, gated community of Spanish Shores, a rare opportunity to own a luxurious lakeside retreat with panoramic views of Cedar Creek Lake. Perfectly positioned on a serene and private lot with no neighboring homes on either side, this beautifully designed residence offers the ultimate in peace, privacy, and waterfront living. Step inside to discover a light filled interior designed to frame the spectacular lake views through expansive windows. The open concept living area is anchored by a majestic stone fireplace, creating a cozy yet elegant space for year round enjoyment. A thoughtfully designed layout offers 3 spacious bedrooms and 2 full baths, along with a versatile flex room that can serve as a formal dining area, home office, den, or even a 4th bedroom to suit your lifestyle. Upstairs, a private loft suite features its own bedroom and full bath, perfect for guests or a secluded retreat. Outdoors, unwind on the expansive front porch as you take in the tranquil waterscape, or take advantage of the private community boat ramp, reserved exclusively for Spanish Shores residents. A large attached carport ensures convenient, covered parking, while recent upgrades, including a new roof in 2025, water heater, and fencing in 2019, offering peace of mind and modern comfort. Ideally located near top rated schools, restaurants, and shopping, this home offers an unbeatable blend of lakeside serenity and everyday convenience. Don't miss this rare opportunity to experience lakeside luxury at its finest. Schedule your private tour today and make this stunning waterfront escape your forever home.
Full Property Details
Full Property Details for 131 San Felipe
General
- Price: $249,500
- HOA FEE: $650
- Taxes: $2,399 (2024)
- Status: Active
- Type: Single Family
- Source: Tyler_MLS
- MLS ID: 25004494
- Updated: 1/5/2026
- Added to Site: 297 day(s) ago
Interior
- Rooms/Areas: 2 Living Areas
- Interior Features: Other/See Remarks
- Fireplace: Yes
- Fireplace(s): One Wood Burning
- Appliances: Range/Oven-Electric
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
- Bedroom Features: Master Bedroom Downstairs
Other Rooms
- Dining Room: Formal Living Combo
Additional Information
- Shared Amenities: Boat Ramp
- Pool Description: None
Exterior
- Exterior Features: Security Gate, Patio Open, Deck Covered, Porch
Location
- County: Henderson
- Subdivision: Spanish Shores
- Driving Directions: West on W Main St, left onto Welch, right on Box Rd, to Spanish Trail, right on San Felipe, home will be on left.
School Information
- Elementary School: Mabank
- Middle School: Mabank
- High School: Mabank
Community
- Association: Yes
Heating & Cooling
- Cooling Type: Central Electric
- Heating Type: Central/Electric
Structural Information
- Architectural Style: Other/See Remarks
- Exterior Const.: Wood Based Siding
- Foundation: Slab
- Roof: Composition
- Square Feet: 1,376
- Sq. Ft. Source: ASSESSOR
- Year Built: 1997
Lot Features
- Fencing (Description): Wood Fence
Water Features
- Water Front Name: Cedar Creek Lake
Financial Considerations
- Association Fee: $650
- Tax Amount: $2,399
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Homeowner's Assn Dues
Listed by Coldwell Banker Anderson Realtors, Norma Barrett
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Schools
Schools serving 131 San Felipe
School District:Mabank Independent School District
| Name | Grades | Distance |
|---|---|---|
Mabank High School 18786 E Hwy 175, Mabank, TX 75147 | 9-12 | 5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 131 San Felipe
Date
Details
Price
Change
Source
1/05/2026
Price Reduced
$249,500
-4.04%
MLS
11/06/2025
Price Reduced
$260,000
-3.7%
MLS
9/02/2025
Price Reduced
$270,000
-1.82%
MLS
6/30/2025
Price Reduced
$275,000
-6.78%
MLS
4/23/2025
Price Reduced
$295,000
-7.81%
MLS
3/26/2025
Listed
$320,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 131 San Felipe
Year
Property Taxes
Change
Tax Assessment
Change
2024
$912
-46%
$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
131 San Felipe, Mabank, TX 75156 (MLS# 25004494) is a Single Family property with 3 bedrooms and 2 full bathrooms. 131 San Felipe is currently listed for $249,500 and was received on March 26, 2025. Want to learn more about 131 San Felipe? 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.

