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$399,500 Just Listed
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Property Description
Beautiful waterfront home with 205ft of shoreline and a large covered back deck that is perfect for relaxing or entertaining. This home features a split bedroom floor plan with 3 bedrooms, 2 bathrooms, and a 2 car garage. The open living area has high ceilings and a cozy fireplace connected to a 500 gallon in-ground propane tank. The spacious master bedroom offers comfort and privacy, while the large mud room provides extra convenience. The back deck is prewired for sound, making it ideal for outdoor gatherings. Outside, you'll find an oversized detached garage, a fenced yard, and the home sits on 2 combined lots, giving you extra space and privacy. This is a great waterfront property with plenty of room to enjoy lake living.
Full Property Details
Full Property Details for 721 Midway Rd
General
- Price: $399,500
- HOA FEE: $5/month
- HOA FEE FREQ.: Annually
- Taxes: $4,798
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21210654
- Updated: 3/17/2026
- Added to Site: 3 day(s) ago
Interior
- Interior Features: Open Floorplan, Other
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Propane
- Appliances: Dishwasher, Electric Oven, Microwave, Vented Exhaust Fan
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Security/Safety: Smoke Detector(s)
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Garage
Location
- County: Henderson
- Subdivision: Paradise Bay
- Driving Directions: Hwy 274 to Kontiki, turn left to Kalura Way, turn left to Owhyhe Rd, turn right, go to Midway Rd, turn right.
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: PARADISE BAY POA
- 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
Utilities
- Sewer: Public Sewer
- Utility Description: Municipal Utilities, Sewer Available, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Frame
- Roof: Composition
- Stories/Levels: 1
- Living Area: 1,672 Sq. Ft.
- Year Built: 2011
Lot Features
- Lot Size (Acres): 0.65
- Lot Size (Sq. Ft.): 28,314
- Lot Features: Irregular Lot
- Fencing (Description): Chain Link
Water Features
- Water Front: Yes
- Water Front Desc.: Lake Front
- Lake Front: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Association Fee: $60
- Assoc Fee Freq.: Annually
- Tax Amount: $4,798
- Terms: Cash, Conventional, FHA
Disclosures and Reports
- Legal Description: ACRES: 0.650 LOT: 136-R AB 660 N G RUSSELL SU
- Disclosures/Rstr.: Municipal Utility District Disclosure
- Property ID: 37450000136063
- Lot Number: 136-R
Listed by Coldwell Banker American Dream, Marty Goss
Get Pre-Approved Today
Schools
Schools serving 721 Midway Rd
School District:Malakoff Independent School District
| Name | Grades | Distance |
|---|---|---|
Tool Elementary School 1201 South Tool Drive, Tool, TX 75143 | PK-5 | 0.5 mi |
Malakoff Middle School 106 N Cedar, Malakoff, TX 75148 | 6-8 | 11.7 mi |
Malakoff High School 15201 Fm 3062, Malakoff, TX 75148 | 9-12 | 10.2 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 721 Midway Rd
Date
Details
Price
Change
Source
3/17/2026
Listed
$399,500
—
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 721 Midway Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,361
-18%
$321,290
10%
2023
$2,890
—
$292,082
10%
2023
$2,890
-8%
$265,529
-50%
2022
$3,129
-4%
$527,260
114%
2021
$3,266
1%
$245,960
23%
2020
$3,226
-5%
$199,500
33%
2019
$3,395
120%
$150,110
125%
2018
$1,541
1%
$66,810
1%
2017
$1,524
—
$66,080
—
2016
$1,523
—
$66,080
—
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 721 Midway Rd
721 Midway Road, Tool, TX 75143 (MLS# 21210654) is a Single Family property with 3 bedrooms and 2 full bathrooms. 721 Midway Road is currently listed for $399,500 and was received on March 17, 2026. Want to learn more about 721 Midway Road? 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.

