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$565,000 Just Listed
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Property Description
Stunning 3-bedroom, 2-bath home on Cedar Creek Lake in sought-after Arnold Hills with breathtaking water views. Enjoy relaxing evenings by the outdoor fireplace while taking in the peaceful setting of the lake and surrounding trees. The top boat deck, and boat lift are new. The retaining wall has been newly redone, making every day on the water effortless. This home also offers a convenient garage plus an additional detached space that can be the perfect mother-in-law suite or a private playhouse, giving you flexibility for guests, family, or extra living needs. Step outside to a spacious extended back patio designed for unwinding, entertaining, and soaking up the natural beauty. The home features terraced landscaping and a welcoming circle drive with a beautiful entrance into a community that truly has it all, including a community boat dock, park, plus a pickleball court for fun and connection. Inside, you will find an additional living space where you could possibly enjoy your favorite book. The third bedroom makes the ideal bunk room, flex space, or cozy retreat. With its thoughtful layout, serene lake lifestyle, and room to grow, this home is a wonderful option for a second home or a comfortable retirement space where you can enjoy Cedar Creek Lake for years to come.
Full Property Details
Full Property Details for 401 Lake Dr
General
- Price: $565,000
- HOA FEE: $13/month
- HOA FEE FREQ.: Annually
- Taxes: $7,359
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21417475
- Updated: Today (10/22/2026)
- Added to Site: Today
Interior
- Interior Features: Chandelier, Dry Bar, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, Open Floorplan, Cable TV
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Outside, Wood Burning
- Appliances: Dishwasher, Electric Cooktop, Electric Oven, Disposal
- Flooring: Carpet, Tile, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Equipment: Irrigation Equipment
Exterior
- Exterior Features: Boat Slip, Dock, Rain Gutters
- Porch/Patio/Deck: Deck
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Parking Features: Circular Driveway, Garage Faces Front, Garage, Workshop in Garage
Location
- County: Henderson
- Subdivision: Arnold Hills Sub
- Driving Directions: From 274 take a left on Waller Rd. enter into Arnold Hills go straight for a mile veer to the right take a left on lake drive 1 mile down the road sign in yard on the right.
School Information
- Elem School District: Mabank ISD
- Midd School District: Mabank ISD
- High School District: Mabank ISD
- Elementary School: Lakeview
- Middle School: Mabank
- High School: Mabank
Community
- Association: Yes
- Assoc. Name: Arnold Hills
- Assoc. Fees Include: All Facilities
- Adult Community: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Cable Available: Yes
- Utility Description: Municipal Utilities, Sewer Available, Water Available, Cable Available
Structural Information
- Property Detached: Yes
- Architectural Style: Ranch
- Structure Type: House
- Detached/Attached: Detached
- Construction: Brick
- Roof: Metal
- Stories/Levels: 1
- Living Area: 1,812 Sq. Ft.
- Year Built: 1972
- Property Condition: Resale
Additional Structures
- Other Structures: Boat House, Storage, Workshop
Lot Features
- Property View: Water
- Lot Size (Acres): 0.244
- Lot Size (Sq. Ft.): 10,628.64
- Lot Features: Waterfront, Retaining Wall
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Boat Dock/Slip, Lake Front, Waterfront
- Lake Front: Yes
- Boat Dock Slip: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Association Fee: $150
- Assoc Fee Freq.: Annually
- Tax Amount: $7,359
- Terms: Cash, Conventional, Contract, 1031 Exchange, FHA, VA Loan
Disclosures and Reports
- Legal Description: AB 253 J M GARDNER SUR, ARNOLD HILLS SUBD, BL
- Disclosures/Rstr.: Municipal Utility District Disclosure
- Property ID: 20300001030050
- Block: 1
- Lot Number: 29
Listed by Keller Williams Realty, Lynsey Grissom
Get Pre-Approved Today
Schools
Schools serving 401 Lake 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 | 2.8 mi |
Mabank J High School 822 West Mason Street, Mabank, TX 75147 | 7-8 | 5.7 mi |
Mabank High School 18786 E Hwy 175, Mabank, TX 75147 | 9-12 | 6 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 401 Lake Dr
Date
Details
Price
Change
Source
10/22/2026
Listed
$565,000
—
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 401 Lake Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,672
-51%
$459,675
9%
2023
$3,421
—
$421,517
9%
2023
$3,421
-21%
$386,834
-22%
2022
$4,355
2%
$498,380
53%
2021
$4,261
-33%
$326,640
-8%
2020
$6,396
1%
$353,240
9%
2019
$6,305
38%
$324,730
43%
2018
$4,583
3%
$227,860
3%
2017
$4,453
—
$221,390
—
2016
$4,447
—
$221,390
—
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 401 Lake Dr
401 Lake Drive, Tool, TX 75143 (MLS# 21417475) is a Single Family property with 3 bedrooms and 2 full bathrooms. 401 Lake Drive is currently listed for $565,000 and was received on October 22, 2026. Want to learn more about 401 Lake Drive? 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.

