For sale

Price cut: $89.1K (7/8)

$399,900

205 Gibbs Dr, Hemphill, TX 75948

3beds

1,948sqft

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Single Family Residence

Built in 1988

0.81 Acres Lot

$378,600 Zestimate^®

$205/sqft

$-- HOA

What's special

Beautifully maintained lakefront homeHot tub areaExceptional outdoor livingLarge covered patioAbundant natural lightSpacious bedroomsBreathtaking open water views

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.

74 days

853

55

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

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

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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

$378,600

$360,000 - $398,000

$1,966/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

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 75948

Getting around

0 / 100

Car-Dependent

6 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

6/10
Hemphill Elementary School
Grades: PK-4Distance: 9 mi
7/10
Hemphill Middle School
Grades: 5-8Distance: 9 mi
5/10
Hemphill High School
Grades: 9-12Distance: 9 mi

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.