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$659,000
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Property Description
Lakefront Retreat with Stunning Views and VRBO Potential ailable. Welcome to "The Duck Inn," a spacious and well-maintained 3-bedroom, 3-bath lake home that sleeps up to 15. Situated on a large, tree-shaded lot with panoramic water views, this property offers peace, privacy, and income potential. Interior features include two living areas, two master suites, and a bonus bunk room that can serve as a fourth bedroom or office. The open-concept layout showcases rustic finishes with wood flooring, exposed beams, and roughed cedar ceilings. The kitchen is equipped with solid surface countertops, tile backsplash, double ovens, and a breakfast bar. Enjoy outdoor living with a wraparound porch, built-in grilling station, and dedicated dining area. The boathouse includes a remote-controlled power lift for both boat and jet ski, plus a lake pump and full-yard sprinkler system. Ample parking is available on the large concrete drive. Furnishings are included if you like - just bring your swimsuit and fishing pole and start living the lake life yours or make it a turnkey VRBO.
Full Property Details
Full Property Details for 1505 Kanakoa Dr S
General
- Price: $659,000
- HOA FEE: $3/month
- HOA FEE FREQ.: Annually
- Taxes: $7,985
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21139135
- Updated: 12/31/2025
- Added to Site: 17 day(s) ago
Interior
- Interior Features: Eat-in Kitchen, Kitchen Island, Multiple Master Suites, Open Floorplan, Pantry, Paneling/Wainscoting
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Wood Burning
- Appliances: Dishwasher
- Flooring: Carpet
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Deck, Dock, Fire Pit
- Porch/Patio/Deck: Covered, Deck
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Concrete
Location
- County: Henderson
- Subdivision: Paradise Bay
- Driving Directions: GPS for Best Directions
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
- Association: Yes
- Assoc. Name: tbd
- Assoc. Fees Include: Association Management
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric, Heat Pump
Utilities
- Water: Public
- Utility Description: Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional, Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Vinyl Siding
- Roof: Composition
- Stories/Levels: 2
- Living Area: 2,400 Sq. Ft.
- Year Built: 1980
Lot Features
- Property View: Water
- Lot Size (Acres): 0.326
- Lot Size (Sq. Ft.): 14,200.56
- Lot Features: Interior Lot, Subdivision, Few Trees, Waterfront, Retaining Wall
- Fencing (Description): None
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Boat Dock/Slip, Boat Ramp/Lift Access, Lake Front, Waterfront
- Lake Front: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Association Fee: $40
- Assoc Fee Freq.: Annually
- Tax Amount: $7,985
- Terms: Cash, Conventional, FHA, Owner Will Carry, Other, Private Financing Available, VA Loan
Disclosures and Reports
- Legal Description: LT 2053 AB 488 T S MITCHELL SUR, PARADISE BAY
- Property ID: 37450000K53063
- Lot Number: 2053
Listed by RE/MAX Dallas Suburbs, Paul Ruth
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Schools
Schools serving 1505 Kanakoa Dr S
School District:Malakoff Independent School District
| Name | Grades | Distance |
|---|---|---|
Tool Elementary School 1201 South Tool Drive, Tool, TX 75143 | PK-5 | 0.7 mi |
Malakoff Middle School 106 N Cedar, Malakoff, TX 75148 | 6-8 | 11.3 mi |
Malakoff High School 15201 Fm 3062, Malakoff, TX 75148 | 9-12 | 9.8 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 1505 Kanakoa Dr S
Date
Details
Price
Change
Source
12/30/2025
Listed
$659,000
—
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 1505 Kanakoa Dr S
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,968
-3%
$470,627
4%
2023
$8,181
-33%
$453,745
53%
2022
$12,222
88%
$297,270
—
2021
$6,509
11%
$297,270
9%
2020
$5,876
—
$272,130
5%
2019
$5,849
7%
$259,490
9%
2018
$5,449
1%
$237,100
1%
2017
$5,384
—
$234,300
—
2016
$5,378
—
$234,300
—
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 1505 Kanakoa Dr S
1505 Kanakoa Drive S, Tool, TX 75143 (MLS# 21139135) is a Single Family property with 3 bedrooms and 3 full bathrooms. 1505 Kanakoa Drive S is currently listed for $659,000 and was received on December 30, 2025. Want to learn more about 1505 Kanakoa Drive S? Do you have questions about finding other Single Family real estate for sale in Tool? You can browse all Tool real estate or contact a Coldwell Banker agent to request more information.

