131 Lakeway Lane

Gun Barrel City, TX
$ 773,900 Beds 6 Baths 5 Sq 4,300 Virtual Tour
Monthly Estimate* How much can I afford?

**Luxury Lake Estate: Multiple Homes & Income Opportunities!** Rare opportunity to own an exceptional gated estate in the Eastwood Islands community on Cedar Creek Lake. With a combined total of 4300 sq ft of living space, this unique property includes a custom-built main home (2024) 3B and 2.5B, a guest cottage 2B & 1.5B, an efficiency home with a workshop, on 2 lots —ideal for multi generational living, guests, rental income, or a private family compound. The main home features vaulted ceilings, hand-scraped hardwood and tile floors, and an open-concept layout. The spacious family room offers a floor-to-ceiling stone fireplace, partial lake views, and abundant natural light. The chef's kitchen includes a large island, walk-in pantry, stainless steel appliances, and ample workspace. The private primary suite features tray ceilings and a spa-like bath with a walk-in shower, claw foot soaking tub, dual vanities, and walk-in closet. The split-bedroom floor plan includes two bedrooms connected by a Jack-and-Jill bath. A dedicated office with Cat 6 wiring, double doors, and backyard access is ideal for working from home. The over sized laundry room is conveniently located off the attached three-car garage. Enjoy the wraparound porch and mature pecan and pear trees. Included is a 1,084-square-foot guest cottage with a full Kitchen and living areas, a screened porch, fireplace —perfect for guests or short- or long-term rental income or parent home. A third residence offers approximately 800 square feet of efficiency-style living space with its own yard, workshop, and peek-a-boo lake views, providing additional flexibility or rental potential. Eastwood Islands residents enjoy a private boat ramp, fishing dock, parks, and Cedar Creek Lake access, all just minutes from shopping, dining, and entertainment. This one-of-a-kind property offers luxury, flexibility, and exceptional investment potential. See Eastwood Island POA website for community rental policies.

Active

  • Price
  • $ 773,900
  • City
  • Gun Barrel City
  • Bedrooms
  • 6
  • Full Bathrooms
  • 4
  • County
  • HENDERSON
  • Half Bathrooms
  • 2
  • Area
  • Lot Size
  • 1.018 Acres
  • Zip
  • 75156
  • Sqr Footage
  • 4,300
  • Year Built
  • 2024
  • Style
  • Traditional
  • MLS#
  • 21337766
Listed By: Cedar Creek Lake Real Estate
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Heating Electric
Cooling Central Air
Utilities Asphalt,MUD Sewer,MUD Water
Possession Closing/Funding
Roof Shingle
Appliances Dishwasher,Disposal,Dryer,Electric Oven,Electric Water Heater,Microwave,Refrigerator
Assoc Fees 125
Number of Garage Spaces 3
Restrictions Deed
School District Mabank ISD
HOA Fee Includes Full Use of Facilities,Management Fees
Year Built 2024
Architectural Style Traditional
Community Features Boat Ramp
Levels One
Will Subdivide No
Property Subtype Single Family Residence
Subdivision Name Eastwood Islands
Transaction Type For Sale
Occupant Type Owner
Carport Spaces 2
County Henderson
Property Type Residential
Security Features Smoke Detector(s)
Construction Materials Siding
Association Fee Frequency Annually
Accessory Unit Type Accessory Dwelling Unit (ADU)
Accessory Unit Y/N Yes
HOA Type Mandatory
Full Baths 4
Status Active
Directions US 175 East to Exit TX 334. Go 6 miles to Legendary Lane and turn left. Continue to Boshart Way and veer right. Continue to Lakeway Lane.
City Gun Barrel City
Elementary School Name Mabank
High School Mabank
Elementary School Mabank
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21337766
Standard Status Active
Junior High School Mabank
Listing Terms 1031 Exchange,Cash,Conventional

Interior Features

Interior Features Built-in Features,Double Vanity,Flat Screen Wiring,High Speed Internet Available,Kitchen Island,Pantry,Vaulted Ceiling(s),Walk-In Closet(s),Wired for Data
Flooring Carpet,Hardwood,Tile
Fireplace Features Raised Hearth,Stone
Fireplaces Total 1
Dining Areas 1
Living Areas 1
Room Count 6
Half Baths 2
Lock Box Type Combo
Total Bedrooms 6
Total Baths 6
Window Features Window Coverings
Laundry Features Full Size W/D Area

Exterior Features

Exterior Features Covered Patio/Porch
Lot Features Lrg. Backyard Grass,Subdivision,Water/Lake View
Fencing Chain Link,Full
Garage Length 28
Garage Width 28
Parking Features Additional Parking,Carport,Concrete,Covered,Detached Carport,Driveway,Garage Door Opener,Gated,Golf Cart Garage,Shared Driveway
Lot Size 1 to < 3 Acres
Covered Spaces 5
Foundation Slab
Lot Size Area 1.0180
Lot Size Units Acres
Structural Style Lake House,Single Detached
Garage Y/N Yes
Lot Size Square Feet 44344.0800
Lot Size Acres 1.0180
Patio And Porch Features Covered
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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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 Mabank Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/22/2026 Listed $788,000
9/10/2026 2% - $773,900

Property vs Zip Code Average in 75156

Price
AVG $600K
$770K
Year Built
AVG 2001
2024
Visits
AVG 212
69
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

131 Lakeway Lane Gun Barrel City, TX is a Single Family Home for sale at $773900 with 4300 sqft and a lot size of 1.018 Acres Acre(s). 131 Lakeway Lane Gun Barrel City has 6 bedrooms, 4 baths and was built in 2024. 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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Vickie Willoughby

Vickie Willoughby

254-235-5015

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