Stunning waterfront retreat on Toledo Bend Lake with breathtaking open water views and exceptional outdoor living! This beautifully maintained lakefront home features expansive wraparound decking, a large covered patio, hot tub area, and an oversized boathouse with multiple lifts, covered sitting areas, and huge sun deck perfect for entertaining. The gentle slope to the water offers easy access to the lake and shoreline. Property includes a large covered RV/boat storage area, workshop/storage building, Generac whole-home generator, and plenty of parking for guests and lake toys. Inside you'll find a comfortable and inviting layout with spacious bedrooms and abundant natural light. Relax, fish, boat, and enjoy everything Toledo Bend has to offer from your own private waterfront getaway. Ideal for full-time living, weekend escapes, or investment potential.
For sale
Price cut: $89.1K (7/8)
$399,900
205 Gibbs Dr, Hemphill, TX 75948
5beds
1,948sqft
Single Family Residence
Built in 1988
0.81 Acres Lot
$382,200 Zestimate®
$205/sqft
$-- HOA
What's special
Beautifully maintained lakefront homeHot tub areaExceptional outdoor livingLarge covered patioAbundant natural lightSpacious bedroomsBreathtaking open water views
- 120 days
- 916
- 64
Zillow last checked:
Listing updated:
Listed by:
Zack Osment,
Toledo Bend Properties
Source: Deep East Texas,MLS#: 70013345
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Combo Dining Room, Den, See Remarks
Heating
- Central
Cooling
- Central Air
Appliances
- Included: See Remarks
Features
- Breakfast Bar, Ceiling Fan(s), Kitchen Island
- Flooring: Carpet, Laminate, Vinyl
- Has fireplace: Yes
- Fireplace features: Wood Burning, See Remarks
Interior area
- Total structure area: 1,948
- Total interior livable area: 1,948 sqft
Video & virtual tour
Property
Parking
- Parking features: 2 Car, Detached, Detached Carport, Storage, Garage
- Has garage: Yes
- Has carport: Yes
Features
- Stories: 1
- Patio & porch: Covered, Deck, Porch, Other, See Remarks
- Exterior features: Fire Pit, See Remarks
- Pool features: Wood Deck, See Remarks
- Fencing: None
- On waterfront: Yes
- Waterfront features: Boat House, Lake Front, Dock, Waterfront
Lot
- Size: 0.81 Acres
Details
- Additional structures: Barn(s), RV/Boat Storage, Storage Shed-Blocks, Storage Shed-Slab
- Parcel number: 276300000000032000000
- Special conditions: Standard
- Other equipment: Permanently Installed Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: See Remarks
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Wood Siding, Other
- Foundation: Combination, Pillar/Post/Pier
- Roof: Metal
Condition
- Year built: 1988
Utilities & green energy
- Electric: Deep East Texas Electric
- Gas: Propane
- Sewer: Septic Tank
- Water: Co-Op
Green energy
- Energy efficient items: See Remarks
Community & HOA
Community
- Subdivision: Rice Subdivision
Location
- Region: Hemphill
Financial & listing details
- Price per square foot: $205/sqft
- Tax assessed value: $299,350
- Annual tax amount: $3,722
- Date on market: 5/6/2026
- Inclusions: See Remarks
- Exclusions: None
- Road surface type: Gravel
Estimated market value
$382,200
$363,000 - $401,000
$2,300/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Price change | $399,900-18.2%$205/sqft |
Source:  Deep East Texas #70013345 Report a problem | ||
| 5/6/2026 | Listed for sale | $489,000+187.8%$251/sqft |
Source: Deep East Texas #70013345 Report a problem | ||
| 2/19/2010 | Listing removed | $169,900$87/sqft |
Source: Toledo Bend Properties #46971 Report a problem | ||
| 7/31/2009 | Listed for sale | $169,900$87/sqft |
Source: Toledo Bend Properties #46971 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,722 +5.9% | $299,350 +1% |
| 2024 | $3,516 +0.2% | $296,340 |
| 2023 | $3,508 +6.6% | $296,340 +30% |
| 2022 | $3,289 | $227,870 |
| 2021 | -- | $227,870 |
| 2020 | -- | $227,870 +50.4% |
| 2018 | $2,540 | $151,500 |
| 2017 | -- | $151,500 |
| 2016 | -- | $151,500 -0.1% |
| 2015 | -- | $151,640 +1.8% |
| 2014 | -- | $148,890 -1% |
| 2013 | -- | $150,400 +2.5% |
| 2012 | -- | $146,740 +4.9% |
| 2011 | -- | $139,890 -1.9% |
| 2010 | -- | $142,540 +64.2% |
| 2009 | -- | $86,830 -2.1% |
| 2008 | -- | $88,700 +3448% |
| 2007 | -- | $2,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 75948
Nearby schools
Schools provided by the listing agent
- District: Hemphill ISD
Source: Deep East Texas. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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