311 Oak Lane

Tool, TX 75143

Search address on YouTube for walk-through video. Short Term Rental bringing in almost $100,000 a year on Cedar Creek Lake! The largest property in the highly sought out Arnold Hills Subdivision is now for sale! 12 LOTS (52-63) on a little over 3 acres with access to Cedar Creek Lake with a voluntary HOA. You could easily build 2 other cash flowing STRs on this property. Large, FULLY remodeled is perfect for a family retreat or a vacation home - sleeping 15. Furnishings are negotiable to make investment turnkey. Beautiful engineered hardwoods, modern finishes, custom furniture, ample entertainment space, and an open floor plan are perfect for getting away. Amazing lake views from the back balconies, oversized 3 car garage workshop with electric, and a dock. The canal needs some dirt work to utilize the dock. Check out the transaction desk for a list of updates. Any investor wanting an almost 8 percent CAP rate and lake getaway, this is your best bet!

Listing courtesy of Evan Downey of EXP REALTY evan@evandowneyrealestate.com



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Last checked: 2025-06-17 11:47 AM CDT