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, this property is ready for your vision. Please note: Long-term rentals are not permitted per community restrictions.
For sale
Price cut: $8.6K (8/11)
$178,900
205 Loon Bay Dr, Gun Barrel City, TX 75156
5beds
2,064sqft
Single Family Residence
Built in 1974
10,193 Square Feet Lot
$174,000 Zestimate®
$87/sqft
$11/mo HOA
What's special
Two storage buildingsAdditional carportCovered parking
- 32 days |
- 649 |
- 36 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Keila Solorzano 0814873,
Atlas Real Estate of TX, LLC 214-919-1709
Source: NTREIS,MLS#: 21330313
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Dimensions: 0 x 0
Living room
- Level: First
- Dimensions: 0 x 0
Living room
- Level: Second
- Dimensions: 0 x 0
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup
Features
- Multiple Staircases
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 2,064 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Boat, Carport, Detached Carport, Garage Faces Front, Garage, Storage
- Attached garage spaces: 1
- Carport spaces: 2
- Covered spaces: 4
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony
- Exterior features: Balcony
- Pool features: None
- Fencing: Chain Link
Lot
- Size: 10,193 Square Feet
- Features: Interior Lot, Subdivision
Details
- Parcel number: 33850000041053
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Roof: Metal
Condition
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Boat Facilities, Fishing, Lake, Park
- Subdivision: Cedar Creek Lake
HOA
- Has HOA: Yes
- Services included: All Facilities
- HOA fee: $136 annually
- HOA name: Loon Bay Property Owners Association
- HOA phone: 430-477-1040
Location
- Region: Gun Barrel City
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $202,329
- Annual tax amount: $901
- Date on market: 7/17/2026
- Cumulative days on market: 34 days
- Listing terms: Cash
Estimated market value
Zestimate®
$174,000
Estimated sales range
$165,000 - $183,000
Rent Zestimate®
$2,109/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Price change | $178,900-4.6%$87/sqft |
Source: NTREIS #21330313 Report a problem | ||
| 7/17/2026 | Listed for sale | $187,500+74.6%$91/sqft |
Source: NTREIS #21330313 Report a problem | ||
| 3/28/2024 | Sold | -- |
Source: NTREIS #20505965 Report a problem | ||
| 3/22/2024 | Pending sale | $107,400$52/sqft |
Source: NTREIS #20505965 Report a problem | ||
| 3/16/2024 | Contingent | $107,400$52/sqft |
Source: NTREIS #20505965 Report a problem | ||
| 3/8/2024 | Price change | $107,400-0.1%$52/sqft |
Source: NTREIS #20505965 Report a problem | ||
| 2/2/2024 | Listed for sale | $107,500$52/sqft |
Source: NTREIS #20505965 Report a problem | ||
| 1/22/2024 | Pending sale | $107,500$52/sqft |
Source: NTREIS #20505965 Report a problem | ||
| 1/16/2024 | Contingent | $107,500$52/sqft |
Source: NTREIS #20505965 Report a problem | ||
| 1/6/2024 | Listed for sale | $107,500-6.5%$52/sqft |
Source: NTREIS #20505965 Report a problem | ||
| 1/1/2024 | Listing removed | -- |
Source: NTREIS #20224983 Report a problem | ||
| 12/19/2023 | Price change | $115,000-4.2%$56/sqft |
Source: NTREIS #20224983 Report a problem | ||
| 12/9/2023 | Listed for sale | $119,999$58/sqft |
Source: NTREIS #20224983 Report a problem | ||
| 10/20/2023 | Pending sale | $119,999$58/sqft |
Source: NTREIS #20224983 Report a problem | ||
| 10/11/2023 | Contingent | $119,999$58/sqft |
Source: NTREIS #20224983 Report a problem | ||
| 9/14/2023 | Price change | $119,9990%$58/sqft |
Source: NTREIS #20224983 Report a problem | ||
| 6/13/2023 | Price change | $120,000-25%$58/sqft |
Source: NTREIS #20224983 Report a problem | ||
| 2/17/2023 | Price change | $160,000-11.1%$78/sqft |
Source: NTREIS #20224983 Report a problem | ||
| 2/15/2023 | Listed for sale | $180,000$87/sqft |
Source: NTREIS #20224983 Report a problem | ||
| 2/1/2023 | Pending sale | $180,000$87/sqft |
Source: NTREIS #20224983 Report a problem | ||
| 1/25/2023 | Contingent | $180,000$87/sqft |
Source: NTREIS #20224983 Report a problem | ||
| 12/20/2022 | Listed for sale | $180,000$87/sqft |
Source: NTREIS #20224983 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $901 +194% | $202,329 +80.2% |
| 2024 | $306 +0.5% | $112,297 +10% |
| 2023 | $305 | $102,088 -37.6% |
| 2022 | $305 -49% | $163,590 |
| 2021 | $597 +95.9% | -- |
| 2020 | $305 -49% | -- |
| 2019 | $597 | $69,730 +5.8% |
| 2018 | $597 +0.3% | $65,930 +1.9% |
| 2017 | $596 | $64,670 |
| 2016 | $596 0% | $64,670 |
| 2015 | $596 -18.6% | $64,670 |
| 2014 | $732 | $64,670 |
| 2013 | -- | $64,670 |
| 2012 | -- | $64,670 |
| 2011 | -- | $64,670 |
| 2010 | -- | $64,670 |
| 2009 | -- | $64,670 +14.8% |
| 2008 | -- | $56,310 |
| 2007 | -- | $56,310 |
| 2006 | -- | $56,310 +7.4% |
| 2005 | -- | $52,430 |
| 2004 | -- | $52,430 0% |
| 2003 | -- | $52,440 +15.5% |
| 2002 | -- | $45,410 |
| 2001 | -- | $45,410 |
| 2000 | -- | -- |
| 1999 | -- | -- |
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: 75156
Nearby schools
GreatSchools rating
- 7/10Lakeview Elementary SchoolGrades: PK-4Distance: 0.9 mi
- 6/10Mabank Junior High SchoolGrades: 7-8Distance: 3.7 mi
- 6/10Mabank High SchoolGrades: 9-12Distance: 4 mi
Schools provided by the listing agent
- Elementary: Mabank
- Middle: Mabank
- High: Mabank
- District: Mabank ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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