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$2,250,000

173 Deer Island Rd, Mabank, TX, 75156

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths4,011 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$560.96 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesSome Gas Appliances, Double Oven, Dishwasher, Gas Cooktop, Disposal, Ice Maker, Microwave, Plumbed For Gas
FlooringHardwood, Tile

Exterior

Exterior FeaturesOutdoor Living Area, Rain Gutters
Lot Size20,473 sqft

Building Information

Year Built2021
Roof Type105
Garage Spaces3

Land Information

APN3585-0000-0010-30
Lot Number1
SubdivisionMoonwaters (4)
Land UseResidential
Legal DescriptionAB 89 J J BECK SUR, MOON WATERS, LT 1
Census Tract950904
Assessed Land Value$218,400
Assessed Improvement Value$1,578,410
Assessment Year2026

About this property

Exceptional open-water living meets newer construction at 173 Deer Island Road, offering approximately 4,011 square feet of refined waterfront living in desirable Deer Island Estates. This turnkey home stands apart with modern construction, Four Full Bathrooms, quality finish-out and sweeping open-water views from the moment you enter. Expansive lake-facing windows fill the main living spaces with natural light and create a strong connection to the water. The open living, kitchen and dining area features soaring ceilings, warm wood accents, a sleek linear fireplace and dramatic Cedar Creek Lake views. The kitchen is designed for entertaining and everyday use with an oversized island, generous custom cabinetry, quartz-style countertops, stainless appliances, double oven, two dishwashers and a striking tile backsplash. Walls of glass frame the lake and open to covered outdoor living areas. The flexible 4-bedroom, 4-bath layout works beautifully for full-time living or weekend entertaining. The main level includes the primary suite, additional bedroom, private office, spacious pantry and laundry room. Upstairs are two additional bedrooms, a second family room, fitness room and storage. An elevator provides convenient access between levels. Multiple covered patios and an upper-level balcony offer panoramic lake views. A gently sloping lawn leads to the shoreline and newer boathouse, while better-than-average water depth and exceptional open-water exposure create an outstanding setting for boating, swimming and year-round enjoyment. Additional features include a 1,000-gallon propane tank and whole-home generator for added comfort and peace of mind. With newer construction, modern design, extensive glass, impressive entertaining spaces and a premium waterfront setting, 173 Deer Island Road delivers luxury, comfort and true move-in-ready lake living on Cedar Creek Lake.

Investor Tools

$0Estimated Mortgage Balance
$1,796,810Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,500 /month
Positive
Cash Flow Estimate:
$4,500 /month

Interested in this property?

Courtney Dickens Johnson

TX Lake & Land Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,474/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,706
$1,796,810
2026
$218,400
$1,578,410
$1,796,810
No

Tax History

Year
Tax Paid
Assessed Value
2025
$20,706
$1,796,810

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,796,810
100%
0%
$0/mo

City: Mabank

173 Deer Island Rd | Property Details | No Agent List