$819,000
↓ $20K (2.4%)
●
House -
For Sale
524 Sampan Drive
Tool, TX 75143
2 Beds
2 Baths
1,643 Ft²
$4,022
Est. Monthly
About This Property
Experience Cedar Creek Lake living in this beautifully renovated
waterfront home with open-water views and protected water for
boating and lake activities. Taken to the studs in 2023, this
turn-key lake home features updated windows, plumbing and
electrical, raised ceilings, wrapped beams, and a stylish kitchen
with an oversized island, quartz countertops, designer finishes, LG
appliances, and an under-counter ice maker. The roof was replaced
in Fall 2025, and the boat dock was enhanced in Spring 2026 with a
new rooftop deck and boat lift. Furniture and many items are to
stay with the home, excluding personal items, making this a great
option for immediate enjoyment. No HOA, and short-term rental use
is permitted, giving buyers flexibility as a full-time residence,
weekend getaway, vacation home, or income-producing investment
property. The 3rd room offers additional versatility and could be
used as an office, guest room, bedroom, or flex space.
Unit Size
1,643 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$498
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1984
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (NTREIS #21320186)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 10, 2026 | Price Decreased |
$819,000
↓ $20K
(2.4%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by Kile Properties | $839,000 | |
| Listed by Kile Properties | |||
| Nov 10, 2025 | Sold | ||
| Sold | |||
| Oct 8, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2025 | Listed by TX Lake & Land Real Estate | $789,000 | |
| Listed by TX Lake & Land Real Estate | |||
| | |||
|
Completely renovated in 2023, this waterfront home offers breathtaking open water views while being protected for boating and water activities on Cedar Creek Lake. The two bedrooms, two baths and chef’s kitchen with oversized island feature premium finishes including designer tile, quartz countertops, sleek LG appliances, under counter icemaker and Arhaus lighting. The home was taken to the studs and includes new windows, plumbing, electrical, raised 11’ ceilings, and vaulted ceiling with wrapped beams in the main living space. The architectural plans include drawings to add a bunkroom downstairs and or add an upstairs over the 800 square foot garage. The electrical panel and plumbing for ½ bath downstairs are already installed. Located in a neighborhood that allows short term rentals, the property offers excellent investment potential, ideal as a weekend getaway, full-time residence, or income producing vacation rental. Enjoy the hard to find combination of prime water access, new luxury upgrades and investment opportunity on Cedar Creek Lake.
| |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Driveway, Garage, Garage Door Opener, Garage Faces Front, Inside Entrance
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Decorative Lighting
Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Ice Maker
Flooring Type: Ceramic Tile, Luxury Vinyl Plank
Laundry Features: Electric Dryer Hookup, Washer Hookup, Utility Room, Full Size W/D Area, Dryer Hookup
Exterior Details
Square Footage: 1643
Security Features: Smoke Detector(s)
Year Built: 1984
Waterfront Features: Lake Front, Dock – Covered, Lake Front – Main Body, Personal Watercraft Lift, Retaining Wall – Steel
Levels: One
Other Structures: Boat House
Construction Materials: Brick
Patio and Porch Features: Covered, Deck, Rear Porch
Lot Features: Few Trees, Interior Lot, Landscaped, Waterfront, Lrg. Backyard Grass, Sprinkler System, Water/Lake View
Lot Size Area: 0.228
Lot Size Units: Acres
Lot Size Acres: 0.228
Lot Size Square Feet: 9931.68
Tax Lot: 25
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Electric
Heating Type: Central, Electric
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Henderson
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Listed by: Shannon Runyan, Kile Properties
Last Updated: 2 months ago
Data Source: NTREIS MLS, MLS# 21320186
Details provided by NTREIS and may not match the public record
Last Updated: 2 months ago
Data Source: NTREIS MLS, MLS# 21320186
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
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