This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/34
$160,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/34
Property Description
Discover a fantastic lakeside retreat at 201 Waikiki Trail in the charming community of Tool, Texas. Nestled near the beautiful shores of Cedar Creek Lake, this wonderful three bedroom and two bathroom home offers the perfect setting for relaxing weekends or year round living. The spacious residence features a welcoming great room that is perfect for gathering after a day out on the water. A thoughtfully designed layout provides plenty of privacy, while the attached two car garage offers ample storage for vehicles and gear. What truly sets this listing apart is the extraordinary outdoor space. The sale includes two additional adjacent lots, giving you an incredibly rare and expansive footprint. This unparalleled space gives you the freedom to add a sprawling guest house for extended family, construct a lucrative short term rental property, or design an incredible outdoor oasis complete with a custom pool, outdoor kitchen, and a large workshop for all your lake toys. Alternatively, you can simply hold onto the extra land as a valuable investment in a highly sought after lake community. You will also enjoy excellent access to Cedar Creek Lake through the neighborhood community boat dock. Skip the crowded public marinas and easily launch into your weekend adventures, whether that means early morning fishing, afternoon wakeboarding, or simply watching spectacular Texas sunsets from the water. Located just over an hour from the Dallas and Fort Worth metroplex, this property offers the perfect balance of a quiet getaway and accessible convenience. Properties offering this unique combination of a comfortable existing home, community water access, and expansive acreage are incredibly rare. Bring your boat and start enjoying the ultimate lake lifestyle today!
Full Property Details
Full Property Details for 201 Waikiki Trail
General
- Price: $160,000
- Taxes: $2,924
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21377835
- Updated: 9/4/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: Pantry
- Appliances: Electric Oven
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Driveway, Garage
Location
- County: Henderson
- Subdivision: Paradise Bay
- Driving Directions: From SH 274, turn west onto West Cedar Creek Parkway. Proceed a short distance and take a left onto Kontiki Drive, following it until you reach Kalura Way. Turn left onto Kalura Way, then take a quick right onto Owhyhe Rd followed by a final left onto Waikiki Trail. Destination will be on the left.
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
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional, Detached
- Structure Type: House
- Detached/Attached: Detached
- Roof: Shingle
- Stories/Levels: 1
- Living Area: 1,257 Sq. Ft.
- Year Built: 1990
Lot Features
- Lot Size (Acres): 0.201
- Lot Size (Sq. Ft.): 8,755.56
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $2,924
Disclosures and Reports
- Legal Description: AB 660 N G RUSSELL SUR, PARADISE BAY LT 1055,
- Property ID: 37450000A55063
- Lot Number: 1055
Listed by Dalton Wade, Inc., Kam Dalawy
Get Pre-Approved Today
Schools
Schools serving 201 Waikiki Trail
School District:Malakoff Independent School District
| Name | Grades | Distance |
|---|---|---|
Tool Elementary School 1201 South Tool Drive, Tool, TX 75143 | PK-5 | 0.8 mi |
Malakoff Middle School 106 N Cedar, Malakoff, TX 75148 | 6-8 | 11.9 mi |
Malakoff High School 15201 Fm 3062, Malakoff, TX 75148 | 9-12 | 10.5 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 201 Waikiki Trail
Date
Details
Price
Change
Source
9/03/2026
Listed
$160,000
—
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 201 Waikiki Trail
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,836
7%
$161,364
—
2023
$2,656
—
$161,168
10%
2023
$2,656
-54%
$146,984
31%
2022
$5,753
183%
$112,630
22%
2021
$2,035
31%
$92,680
29%
2020
$1,551
34%
$71,590
39%
2019
$1,161
1%
$51,330
3%
2018
$1,147
2%
$49,720
2%
2017
$1,125
—
$48,780
—
2016
$1,124
—
$48,780
—
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 201 Waikiki Trail
201 Waikiki Trail, Tool, TX 75143 (MLS# 21377835) is a Single Family property with 3 bedrooms and 2 full bathrooms. 201 Waikiki Trail is currently listed for $160,000 and was received on September 03, 2026. Want to learn more about 201 Waikiki Trail? 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.

