205 Loon Bay Drive
Gun Barrel City, Texas 75156
5
Bed
2
Bath
2,064Sqft
0.23Acre(Lot)
Investment opportunity just minutes from Cedar Creek Lake! This property sits on two lots in Loon Bay subdivision and offers flexibility for investors, short-term rental potential, or multi-generational living. The property spans two lots and features two storage buildings, covered parking, an additional carport, and an attic that can serve as a versatile flex room for a game room, hobby space, or additional storage. The home features separate entrances for each level, making it ideal for rental income or Airbnb (buyer to verify any applicable restrictions). Residents of Loon Bay enjoy access to community boat ramps and a dock, making lake recreation convenient. Property is being sold as-is. Whether you're looking for your next investment, vacation rental, or a home with endless potential,
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 5Bathroom Information
Total Baths: 2 Full Baths: 2 Half Baths: 0 -
Interior Features
Multiple StaircasesAppliances
Dishwasher,RefrigeratorUtilities
City Sewer,City Water,Electricity Available -
Cooling Features
Central AirHeating Source
CentralFireplace
Number of Fireplaces: 0
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Building Information
Built Year: 1974 Roof Type: Metal -
Exterior Features
Balcony -
Laundry Features
Dryer Hookup,Washer HookupFencing
Chain Link
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Lot Information
Lot Size (Acr): 0.2340 Lot Size Units: Acres Lot Size Square Feet: 10,193 Lot Features: Interior Lot,Subdivision -
Property Information
SQ ft (Living Area): 2,064 Property Type: Residential Property Sub Type: Single Family Residence Subdivision: Cedar Creek Lake City: Gun Barrel City State: Texas Directions: TURN INTO LOON BAY SUBDIVISION THEN TURN LEFT AND PROPERTY IS ON THE LEFT. Property Status: Active Levels: Two Property Age: 52 Year Built Details: Preowned
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Listing Price Information
Original List Price: $187,500 List Price Tot SqFt: $91 -
Listing Information
Possession: Closing/Funding
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Tax Information
Parcel Number: 33850000041053 Tax Legal Description: LTS 41 & 42 AB 742 J SMITH SUR, LOON BAY LTS Tax Lot: 41
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Parking Information
Has Garage Garage Space: 1 Carport Spaces: 2 Parking Features: Boat,Carport,Detached Carport,Garage,Garage Faces Front,Storage -
Homeowners Association Information
Included Fees: Full Use of Facilities HOA Type: Mandatory HOA: $136.00 HOA Frequency: Annually
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School Information
Elementary School: Mabank High School: Mabank Junior High School: Mabank School District: Mabank ISD -
Utility Information
Utilities: City Sewer,City Water,Electricity Available
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 113 Butte Drive, Gun Barrel City, TX, 75156 | $119,000 | 2 | 1 | 840 | 840 SqFt |
| 220 Hollyglen Street, Gun Barrel City, TX, 75156 | $160,000 | 3 | 2 | 1,632 | 1,632 SqFt |
| 318 Overlook Trail, Gun Barrel City, TX, 75156 | $334,990 | 4 | 5 | 2,124 | 2,124 SqFt |
| 238 Vaughn, Gun Barrel City, TX, 75156 | $164,990 | 3 | 2 | 1,152 | 1,152 SqFt |
| 304 Wildwind Street, Gun Barrel City, TX, 75156 | $119,900 | 3 | 1 | 754 | 754 SqFt |
| 235 Wildwind Street, Gun Barrel City, TX, 75156 | $122,000 | 3 | 2 | 1,410 | 1,410 SqFt |
| 110 Rye Place, Gun Barrel City, TX, 75156 | $269,000 | 3 | 2 | 1,386 | 1,386 SqFt |
| 248 Whispering Trail, Gun Barrel City, TX, 75156 | $205,000 | 3 | 2 | 1,568 | 1,568 SqFt |
| 355 Spring Valley Street, Gun Barrel City, TX, 75156 | $145,000 | 3 | 2 | 1,092 | 1,092 SqFt |
| 229 Maple Street, Gun Barrel City, TX, 75156 | $154,000 | 3 | 2 | 1,152 | 1,152 SqFt |
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ByOwner last updated this listing 07/22/2026 @ 14:04
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