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$575,000 -$20,000 (-3.36%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 3 Full Baths
  • 0.326 Acres
  • 2 Car Garage
  • Updated 6 days ago

Next open house:

Open House: 1:00 PM - 3:00 PM

Saturday 6/6 1:00 PM - 3:00 PM

1505 Kanakoa Drive S,Tool, TX 75143

1505 Kanakoa Drive SToolTX75143

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REDUCED and Ready for new owners! Priced 75k Below recent appraisal!! Flexible seller-financing option available REDUCED and Ready for new owners! This is an amazing Lakefront Retreat with Stunning Views. Use as a vacation home or a VRBO or both! This is 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.

Full Property Details for 1505 Kanakoa Dr S

General

  • Price: $575,000
  • HOA FEE: $3/month
  • HOA FEE FREQ.: Annually
  • Taxes: $7,985
  • Status: Active
  • Type: Single Family
  • Source: NTREIS
  • MLS ID: 21139135
  • Updated: 5/28/2026
  • Added to Site: 155 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: 2,451 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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Listing agent

— 1505 Kanakoa Dr S —

  • Paul Ruth

    RE/MAX Dallas Suburbs

940-300-1887

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1505 Kanakoa Dr S

School District:Malakoff Independent School District
NameGradesDistance
Tool Elementary School
1201 South Tool Drive, Tool, TX 75143
PK-50.7 mi
Malakoff Middle School
106 N Cedar, Malakoff, TX 75148
6-811.3 mi
Malakoff High School
15201 Fm 3062, Malakoff, TX 75148
9-129.8 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 1505 Kanakoa Dr S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/28/2026
Price Reduced
$575,000
-3.36%
MLS
4/29/2026
Price Reduced
$595,000
-0.67%
MLS
3/26/2026
Price Reduced
$599,000
-0.17%
MLS
3/23/2026
Price Reduced
$599,999
-6.1%
MLS
2/23/2026
Price Reduced
$639,000
-3.03%
MLS
12/30/2025
Listed
$659,000
—
MLS
Get Price Alerts and Save Property
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 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 for 1505 Kanakoa Dr S

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by RE/MAX Dallas Suburbs, Paul Ruth

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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 $575,000 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.

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