170 Armada Loop

Payne Springs, TX
$ 699,950 Beds 3 Baths 2 Sq 1,250 Virtual Tour
Monthly Estimate* How much can I afford?

TURN-KEY CEDAR CREEK LAKE INVESTMENT Rare opportunity to own a fully operational, income-producing waterfront retreat just one hour southeast of Dallas. This established Airbnb has three years of rental history, a 4.74-star guest rating, and Superhost status that transfers to the new owner. Step in and start earning from day one. Set on a huge, flat double lot in the desirable Del Mar subdivision, the property offers two separate dwellings: a 2-bedroom, 1-bath main home with fully equipped kitchen and cozy lake-view living area, plus a detached guest house studio with full bath and kitchenette, perfect for hosting extended family, accommodating larger guest groups, or capturing premium rental rates with private accommodations for up to 12. WATERFRONT FEATURES that set this property apart: private boat dock with lift for effortless launching, a community boat ramp located right next door for unmatched water access, expansive deck with stunning Cedar Creek Lake views, and a tucked-away cove location that delivers the peace and tranquility today's lake buyers are searching for. The double lot provides rare flexibility with room for outdoor entertaining, future expansion, RV or boat storage, or simply unobstructed space to enjoy lake living. Del Mar residents enjoy POA access to a community park, pavilion, and private boat ramp with fishing pier. FURNISHINGS AND BOAT WITH TRAILER NEGOTIABLE! The seller is open to packaging the home as a true lake life turnkey opportunity, including high-end touches already in place (Moccamaster coffee maker, 600 thread count linens, feather duvets, record player, Bluetooth speakers, fully stocked kitchens, family-friendly amenities). Bring your suitcase, take over the booking calendar, and start enjoying immediate cash flow. Cedar Creek is Texas's fourth-largest lake with 320 miles of shoreline, world-class bass and catfish fishing, and easy access via US-175. Showings require advance notice to work around active bookings.

Active

  • Price
  • $ 699,950
  • City
  • Payne Springs
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • HENDERSON
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.446 Acres
  • Zip
  • 75156
  • Sqr Footage
  • 1,250
  • Year Built
  • 1988
  • Taxes
  • $ 7553
  • Style
  • Single Family Residence
  • MLS#
  • 21278477
Listed By: LPT Realty LLC
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Heating Central
Cooling Central Air
Utilities City Water,Electricity Connected,Septic,Underground Utilities
Possession Closing/Funding
Roof Shingle
Appliances Dishwasher,Disposal,Electric Range,Electric Water Heater
Assoc Fees 250
Number of Garage Spaces 2
School District Mabank ISD
HOA Fee Includes Maintenance Grounds
Year Built 1988
Community Features Fishing,Lake,Park,Pickle Ball Court,Playground
Levels One
Unexempt Taxes 7553
Will Subdivide No
Property Subtype Single Family Residence
Subdivision Name Del Mar Sub
Transaction Type For Sale
Occupant Type Tenant
County Henderson
Property Type Residential
Security Features Smoke Detector(s)
Association Fee Frequency Annually
Year Built Details Preowned
HOA Type Voluntary
Full Baths 2
Status Active
Directions From Hwy 198 South,turn right onto Leisure Land Rd. Continue approximately 1 mile to Del Mar entrance,turn left onto Del Mar. Left on Barcelona (street curves and becomes Cordoba). Right onto Armada
City Payne Springs
Elementary School Name Central
High School Mabank
Elementary School Central
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21278477
Standard Status Active
Junior High School Mabank
Listing Terms Cash,Conventional

Interior Features

Interior Features Decorative Lighting,Double Vanity,High Speed Internet Available,Kitchen Island,Natural Woodwork,Open Floorplan,Vaulted Ceiling(s)
Flooring Tile
Fireplace Features Living Room,Wood Burning Stove
Fireplaces Total 1
Dining Areas 1
Living Areas 1
Room Count 2
Lock Box Type Combo
Total Bedrooms 3
Total Baths 2
Window Features Window Coverings
Laundry Features Dryer Hookup,Washer Hookup

Exterior Features

Waterfront Yes
Exterior Features Boat Slip,Dock,Rain Gutters
Lot Features Landscaped,Lrg. Backyard Grass,Water/Lake View,Waterfront
Fencing Back Yard
Parking Features Additional Parking,Boat,Concrete,Garage,Gravel
WaterFront Features Dock – Covered,Lake Front,Retaining Wall – Other,Retaining Wall – Steel
Lot Size Less Than .5 Acre (not Zero)
Covered Spaces 2
Lot Size Area 0.4460
Lot Size Units Acres
Structural Style Lake House,Single Detached
Garage Y/N Yes
Lot Size Square Feet 19427.7600
Lot Size Acres 0.4460
Patio And Porch Features Deck
Attached Garage Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Waco, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Central Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/22/2026 Listed $749,950
8/18/2026 7% - $699,950

Property vs Zip Code Average in 75156

Price
AVG $590K
$700K
Taxes
AVG $5,930
$7,553
Year Built
AVG 2001
1988
Visits
AVG 223
339
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

170 Armada Loop Payne Springs, TX is a Single Family Home for sale at $699950 with 1250 sqft and a lot size of 0.446 Acres Acre(s). 170 Armada Loop Payne Springs has 3 bedrooms, 2 baths and was built in 1988. The property's zip code is 75156 which is in Payne Springs, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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