135 Island Park Drive

Gun Barrel City, TX
$ 947,000 Beds 2 Baths 2 Sq 1,536 Virtual Tour
Monthly Estimate* How much can I afford?

Land of Opportunity on sought-after Cedar Creek Lake! Rare chance to own 2 waterfront lots with approximately 101’ of platted shoreline in the heart of Gun Barrel City offering HUGE open water views and unforgettable sunset evenings. Tear down and create your dream lakefront retreat with room to spread out, or rejuvenate the existing home and add guest quarters for the ultimate family compound or weekend getaway. The property offers an incredible street-to-water setting with a long paved driveway leading through mature trees to the waterfront. The design-friendly lot shape and depth provide endless possibilities for a custom build, outdoor entertaining spaces, pool, additional structures, or expansive lakeside living. Enjoy a great protected bay location with sweeping western-facing views across the main body of the lake. Existing improvements include an old house,- some say tear it down, detached storage shed, fenced areas, and waterfront yard ready for your vision. Whether you are looking for an investment opportunity, redevelopment project, or your own private lakefront escape, this is a rare opportunity to create something special on Cedar Creek Lake.

Active

  • Price
  • $ 947,000
  • City
  • Gun Barrel City
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • HENDERSON
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.474 Acres
  • Zip
  • 75156
  • Sqr Footage
  • 1,536
  • Year Built
  • 1968
  • Taxes
  • $ 6362
  • Style
  • Single Family Residence
  • MLS#
  • 21279469
Listed By: KW-Cedar Creek Lake Properties
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Heating Electric
Cooling Central Air
Utilities Asphalt,Co-op Electric,Electricity Connected,Individual Water Meter,MUD Water
Possession Negotiable
Appliances Dishwasher,Electric Range
Restrictions Deed
School District Mabank ISD
Year Built 1968
Levels One and One Half
Unexempt Taxes 6362
Will Subdivide No
Property Subtype Single Family Residence
Subdivision Name Eastwood Islands
Transaction Type For Sale
Occupant Type Vacant
County Henderson
Property Type Residential
Year Built Details Preowned
Accessory Unit Y/N No
HOA Type None
Special Notes Deed Restrictions
Full Baths 2
Status Active
Directions Any Map App look up 135 Island Park Dr.,Gun Barrel City or Main Street turn on Legendary Ln,then veer right onto Boshart Way,drive into Eastwood Island veer right and stay right on Lost Forest Driv
City Gun Barrel City
Elementary School Name Lakeview
High School Mabank
Elementary School Lakeview
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21279469
Standard Status Active
Junior High School Mabank
Listing Terms Cash,Conventional

Interior Features

Interior Features Natural Woodwork,Open Floorplan
Fireplace Features Family Room,Wood Burning
Fireplaces Total 1
Dining Areas 1
Living Areas 1
Room Count 5
Lock Box Type Combo
Total Bedrooms 2
Total Baths 2

Exterior Features

Waterfront Yes
Lot Features Few Trees,Irregular Lot,Lrg. Backyard Grass,Subdivision,Waterfront
Other Structures Storage
Lot Size Source Owner
Parking Features Driveway
WaterFront Features Lake Front,Lake Front – Main Body,Retaining Wall – Steel
Lot Size Less Than .5 Acre (not Zero)
Lot Size Area 0.4740
Lot Size Dimensions 101X117X209X85
Lot Size Units Acres
Structural Style Single Detached
Lot Size Square Feet 20647.4400
Lot Size Acres 0.4740

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 Lakeview Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/23/2026 Listed $950,000
7/6/2026 1% - $947,000

Property vs Zip Code Average in 75156

Price
AVG $600K
$950K
Taxes
AVG $6,034
$6,362
Year Built
AVG 2001
1968
Visits
AVG 222
322
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

135 Island Park Drive Gun Barrel City, TX is a Single Family Home for sale at $947000 with 1536 sqft and a lot size of 0.474 Acres Acre(s). 135 Island Park Drive Gun Barrel City has 2 bedrooms, 2 baths and was built in 1968. The property's zip code is 75156 which is in Gun Barrel City, 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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Tanner Boarman

Tanner Boarman

254-235-5015

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